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 [phone], or by email at [e-mail] 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.