Mr. Morgan Lekstrom reports

NEXMETALS ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS

Nexmetals Mining Corp. has filed a final short form prospectus with the securities commissions in each of the provinces of Canada, except Quebec, with respect to its previously announced best effort public offering of up to 14,035,100 units at the price of $5.70 per unit for gross proceeds of up to $80,000,070.

The closing of the offering is expected to occur on Nov. 17, 2025. The TSX Venture Exchange has conditionally approved the offering and the listing of the common shares and warrants issued in connection with the offering, subject to customary conditions.

Access to the final prospectus is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment thereto. The final prospectus is accessible on SEDAR+. An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from SCP Resource Finance LP by telephone at 1-416-637-2707 or by e-mail at info@scp-rf.com by providing the contact with an e-mail address or mailing address, as applicable.

About Nexmetals Mining Corp.

Nexmetals is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resource mines owned by the company in the Republic of Botswana.

Nexmetals is committed to governance through transparent accountability and open communication within its team and its stakeholders. Nexmetals' team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the company's Selebi and Selkirk mines. Senior team members each have, on average, more than 20 years of experience spanning geology, engineering, operations and project development.

We seek Safe Harbor.