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EARLY WARNING PRESS RELEASE - WYLOO ANNOUNCES ACQUISITION OF COMMON SHARES AND WARRANTS OF NEXCEL
Nexcel Metals Corp. ("Nexcel" or the "Issuer") (CSE: NEXX) (OTCQB: NXXCF) (FSE:20H): This press release is being disseminated by Wyloo Ring of Fire Ltd. ("Wyloo"), to announce the acquisition of 3,931,094 common shares of Nexcel ("Common Shares") and 6,250,000 non-transferrable Common Share purchase warrants ("Warrants") to purchase Common Shares of Nexcel.
About this update from Nexcel Metals Corp
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"PERTH, Australia, Feb. 17, 2026 /CNW/ - Nexcel Metals Corp. ("Nexcel" or the "Issuer") (CSE: NEXX) (OTCQB: NXXCF) (FSE:20H): This press release is being disseminated by Wyloo Ring of Fire Ltd. ("Wyloo"), to announce the acquisition of 3,931,094 common shares of Nexcel ("Common Shares") and 6,250,000 non-transferrable Common Share purchase warrants ("Warrants") to purchase Common Shares of Nexcel.","length":454,"tagName":"p"},{"type":"image","alt":"Wyloo Ring of Fire Ltd. logo (CNW Group/Wyloo Ring of Fire Ltd.)","displaySize":"","headline":null,"caption":"Wyloo Ring of Fire Ltd. logo (CNW Group/Wyloo Ring of Fire Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":269,"height":105,"url":"https://media.zenfs.com/en/cnwgroup.com/a63f3c5f5c31c917964d8698b69adc7a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/skebe5fyYZwYdRrL2OACVg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE2NDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/a63f3c5f5c31c917964d8698b69adc7a","width":269,"height":105}},"href":"https://mma.prnewswire.com/media/2915847/Wyloo_Ring_of_Fire_Ltd__EARLY_WARNING_PRESS_RELEASE___WYLOO_ANNO.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Common Shares and Warrants were issued by Nexcel in connection with a purchase agreement dated January 30, 2026, as amended on February 4, 2026 entered into between Wyloo and Nexcel whereby Nexcel acquired an additional 42% interest (for a total 71.58% interest) in and to the Burnt Hill Tungsten Project located in New Brunswick.","length":334,"tagName":"p"},{"type":"text","content":"Each Warrant is exercisable to acquire one Common Share at a price of $0.90 until February 17, 2029 and are subject to a blocker term that prohibits exercise of the Warrants to the extent that Wyloo would, as a result of any exercise, hold more than 19.99% of the issued Common Shares, unless Wyloo receives disinterested shareholder approval in accordance with the policies of the Canadian Securities Exchange.","length":411,"tagName":"p"},{"type":"text","content":"Prior to the acquisition of the Common Shares and Warrants, Wyloo did not have control over...