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NEXM.V ·

NexMetals Announces Filing of Final Short Form Prospectus Final Short Form Prospectus Accessible on SEDAR+

Financings

NexMetals Announces Filing of Final Short

Form Prospectus

Final Short Form Prospectus Accessible on SEDAR+

Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) -

NexMetals Mining Corp.

(TSXV: NEXM) (NASDAQ: NEXM)

(the "

Company

" or "

NEXM

") is pleased to announce that it has

filed a final short form prospectus (the "

Final Prospectus

") with the securities commissions in each of

the provinces of Canada, except Quebec, with respect to its previously announced "best-efforts" public

offering of up to 14,035,100 units (the "

Units

") at the price of $5.70 per Unit for gross proceeds of up to

$80,000,070 (the "

Offering

").

The closing of the Offering is expected to occur on November 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+ at

www.sedarplus.ca

. 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 email at

[email protected]

by providing the contact with an email address or mailing

address, as applicable.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be

any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be

unlawful, including any of the securities in the United States of America. The securities have not been

registered under the United States Securities Act of 1933, as amended (the "

1933 Act

") or any U.S.

state securities laws and may not be offered or sold within the United States or to, or for account or

benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the

1933 Act and applicable U.S. state securities laws, or an exemption from such registration requirements

is available.

About NexMetals Mining Corp.

NexMetals Mining Corp. is a mineral exploration and development company that is focused on the

redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the

Company in the Republic of Botswana.

NexMetals is committed to governance through transparent accountability and open communication

within our team and our 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.

For further information about NexMetals Mining Corp., please contact:

Morgan Lekstrom

CEO and Director

[email protected]

Jaclyn Ruptash

V.P., Communications and Investor Relations

[email protected]

1-833-770-4334

Follow Us

X:

https://x.com/NexMetalsCorp

LinkedIn:

https://www.linkedin.com/company/NexMetalsMiningCorp

Facebook:

https://www.facebook.com/NexMetalsMiningCorp

Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts

responsibility for the adequacy or accuracy of this news release. No stock exchange, securities

commission or other regulatory authority has approved or disapproved the information

contained herein.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States

federal securities laws and "forward-looking information" within the meaning of applicable Canadian

securities legislation (collectively, "forward-looking information") based on expectations, estimates

and projections as at the date of this news release. Forward-looking information involves risks,

uncertainties and other factors that could cause actual events, results, performance, prospects and

opportunities to differ materially from those expressed or implied by such forward-looking information.

For the purposes of this release, forward-looking information includes, but is not limited to, statements

regarding closing of the Offering, the proceeds to be raised under the Offering, and the listing of the

common shares and warrants issued under the Offering on the TSX Venture Exchange. These

forward-looking statements, by their nature, require the Company to make certain assumptions and

necessarily involve known and unknown risks and uncertainties that could cause actual results to

differ materially from those expressed or implied in these forward-looking statements. Factors that

could cause actual results to differ materially from such forward-looking information include, but are

not limited to, the receipt of regulatory approvals for the Offering; changes in equity markets; inflation;

fluctuations in commodity prices; the other risks involved in the mineral exploration and development

industry; and those risks set out in the Company's filings with the U.S. Securities and Exchange

Commission on EDGAR (

www.sec.gov

) and public disclosure record on SEDAR+

(

www.sedarplus.com

), in each case, under the Company's issuer profile. Although the Company

believes that the assumptions and factors used in preparing the forward-looking information in this

news release are reasonable, undue reliance should not be placed on such information, which only

applies as of the date of this news release, and no assurance can be given that such events will occur

in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or

revise any forward-looking information, whether as a result of new information, future events or

otherwise, other than as required by law.

Not for distribution to U.S. Newswire Services or for release, publication, distribution or

dissemination directly or indirectly, in whole or in part, in or into the United States.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/274291