Vancouver, British Columbia--(Newsfile Corp. - June 29, 2026) - Nexcel Metals Corp. (CSE: NEXX) (OTCQB: NXXCF) (FSE: 2OH) ("Nexcel" or the "Company") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in a 500-hectare mineral claim package strategically located within the Burnt Hill Tungsten Project of New Brunswick, referred to as the Fitzgerald Claims (the "Fitzgerald Claims").
The Fitzgerald Claims comprise 25 mineral claim units and occupy a key position immediately north of the Burnt Hill Tungsten Project. The property is contiguous with several of Nexcel's existing claim blocks, further consolidating the Company's footprint of one of Canada's most significant historical tungsten districts.
The acquisition represents an important step in Nexcel's strategy at Burnt Hill. The Fitzgerald Claims effectively eliminate a third-party inlier claim block within the Company's broader area of interest, creating a more cohesive land package surrounding the Burnt Hill and several known mineral occurrences. Management believes this enhanced land position will improve the Company's ability to systematically explore, evaluate and advance targets across the project while protecting potential extensions of known mineralized systems.
The Fitzgerald Claims were acquired pursuant to an option agreement dated June 21, 2026, between Nexcel Metals Corp. and Roger Fitzgerald. Under the terms of the agreement, Nexcel will earn a 100% interest in the property upon satisfying the consideration requirements set forth in the agreement. The terms of the agreement are as follows:
Paying Optionor an aggregate of $100,000 in cash as follows:
(i) $25,000 on or before the date that is seven (7) days after the Effective Date;
(ii) $25,000 on or before the date that is twelve (12) months after the Effective Date;
(iii) $25,000 on or before the date that is twenty-four (24) months after the Effective Date; and
(iv) $25,000 on or before the date that is thirty-six (36) months after the Effective Date; and
Issuing Optionor an aggregate 225,000 Shares as follows:
(i) 25,000 Shares on or before the date that is seven (7) days after the Effective Date;
(ii) 25,000 Shares on or before the date that is twelve (12) months after the Effective Date;
(iii) 25,000 Shares on or before the date that is twenty-four (24) months after the Effective
Date; and
(iv) 150,000 Shares on or before the date that is thirty-six (36) months after the Effective Date.
The Fitzgerald Claims are situated within a region known for tungsten, tin, molybdenum and beryllium mineralization. The property is located in proximity to numerous historical mineral occurrences including Burnt Hill Tungsten, Lower Burnt Hill Brook, Clearwater Brook, Molasses Brook and Trout Brook, providing Nexcel with additional exposure to multiple prospective geological trends within the camp.