NexMetals Announces Results of Annual General Meeting of Shareholders

Rhea-AI Summary

NexMetals (TSXV:NEXM, NASDAQ:NEXM) reported the results of its 2026 Annual General Meeting held May 27, 2026. All resolutions in the April 23, 2026 circular were approved, including director elections, auditor re-appointment and the Omnibus Equity Incentive Plan.

Following the meeting, the company granted 153,100 deferred share units to directors at a deemed price of $4.55 per DSU, based on the 90-day volume weighted average price on the TSX Venture Exchange as of May 21, 2026.

Positive

• All shareholder resolutions at the 2026 AGM were approved
• Eight directors elected to serve until the next annual meeting
• MNP LLP re-appointed as auditor for the ensuing year
• Omnibus Equity Incentive Plan received shareholder approval

Negative

• 153,100 deferred share units granted to directors as share-based compensation
• 112,100 DSUs awarded for the 2026-2027 director compensation term

News Market Reaction – NEXM

+1.82%

1 alert

+1.82% Session close to close

$94.47M Market Cap

0.6x Rel. Volume

In the May 28 session, NEXM gained 1.82%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms all AGM resolutions passed, including director elections, auditor re-appo...

Analysis

This announcement confirms all AGM resolutions passed, including director elections, auditor re-appointment, and approval of the Omnibus Equity Incentive Plan, followed by grants of 153,100 DSUs at a deemed price of $4.55 per unit based on a 90-day VWAP. Historically, NEXM has paired governance and incentive actions with ongoing drilling and metallurgical updates. Investors may watch how equity-based compensation trends alongside project spending, financing activity, and upcoming resource and economic study milestones.

Key Figures

Deferred share units granted: 153,100 DSUs DSU grant price: $4.55 per DSU Reference VWAP period: 90 days +5 more

8 metrics

Deferred share units granted 153,100 DSUs Granted to directors effective May 27, 2026

DSU grant price $4.55 per DSU Deemed price based on 90-day VWAP on TSXV as of May 21, 2026

Reference VWAP period 90 days Volume weighted average price window for DSU pricing

Current term DSUs 41,000 DSUs Director services from Jan 1, 2026 to May 27, 2026

Future term DSUs 112,100 DSUs Director compensation for 2026–2027 term

Current share price $2.75 Price before AGM/DSU news

52-week range $2.22 – $10.35 Price is well below 52-week high

Market capitalization $99,458,378 Equity value prior to this AGM announcement

Historical Context

5 past events · Latest: May 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 07	Drilling results update	Positive	+9.5%	Strong Selebi Main drill intercepts beyond 2024 MRE footprint.
Apr 27	Metallurgy results	Positive	+7.2%	Selkirk tests confirmed saleable Cu and Ni concentrates with improved recoveries.
Apr 09	Board, AGM update	Neutral	+0.8%	Board nomination changes and option grant ahead of AGM on May 27, 2026.
Apr 01	Drill program results	Positive	+4.1%	Final Selebi North underground assays confirmed high-grade continuity and expansion.
Mar 26	Exploration update	Positive	-3.4%	Visual sulphide intercept at Selebi Main expanding the Flexure Zone footprint.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive technical and drilling updates have generally seen supportive 1-day reactions, with only one notable divergence on a positive exploration release.

Recent Company History

Over the last few months, NEXM has reported several project-advancing updates. On Mar 26, 2026 and Apr 1, 2026, Selebi drilling results expanded mineralized zones and supported future MRE and PEA work. Metallurgical improvements at Selkirk on Apr 27, 2026 and strong Selebi drilling on May 7, 2026 both coincided with gains of 7.21% and 9.51%. A board nominee update on Apr 9, 2026 saw a modest 0.82% move. Today’s AGM results and DSU grants follow this pattern of steady corporate and technical progress.

Key Terms

omnibus equity incentive plan, deferred share units, volume weighted average price, tsx venture exchange, +1 more

5 terms

omnibus equity incentive plan financial

"approved the Company's Omnibus Equity Incentive Plan (the "Plan")."

A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.

deferred share units financial

"an aggregate of 153,100 deferred share units ("DSUs") were granted to directors"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

volume weighted average price financial

"representing the 90-Day volume weighted average price of the Company's shares"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

tsx venture exchange regulatory

"price of the Company's shares on the TSX Venture Exchange as of May 21, 2026."

A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.

sedar+ regulatory

"voting results to be filed by the Company on SEDAR+."

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - May 27, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") is pleased to announce the results of its 2026 Annual General Meeting of Shareholders (the "Meeting") held earlier today. All proposed resolutions, set out in the Company's notice of meeting and management information circular dated April 23, 2026, were approved.

Shareholders elected Paul Martin (Chairman), Mark Christensen, Jason LeBlanc, Keith Marshall, Warwick Morley-Jepson, André van Niekerk, Philipa Varris and Sean Whiteford to the board of directors, each to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed. Shareholders further approved the re-appointment of MNP LLP as the Company's auditors for the ensuing year and approved the Company's Omnibus Equity Incentive Plan (the "Plan").

Additional voting details will be provided in a Report of Voting Results to be filed by the Company on SEDAR+.

Following the Meeting, an aggregate of 153,100 deferred share units ("DSUs") were granted to directors of the Company effective May 27, 2026 pursuant to the Plan. The DSUs have been granted at a deemed price of $4.55 per DSU, representing the 90-Day volume weighted average price of the Company's shares on the TSX Venture Exchange as of May 21, 2026. Of the total DSUs granted, 41,000 DSUs were granted in respect of director services provided from January 1, 2026 to May 27, 2026, with the remaining 112,100 DSUs granted in respect of director compensation for the 2026-2027 term commencing following the Meeting.

About NexMetals Mining Corp.

NexMetals Mining Corp. is a TSX.V and NASDAQ listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana. NexMetals has confirmed the scale of mineralization is larger than historical estimates, supported by NI 43-101- and Regulation S-K 1300-compliant resource estimates, with ongoing down-hole geophysics, drilling, and metallurgical programs aimed at expanding resources and supporting future economic studies. The Company is led by an experienced management and technical team with a proven track record in global mineral projects, emphasizing disciplined execution, transparent governance, and long-term stakeholder value creation.

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

Sean Whiteford, CEO
info@nexmetalsmining.com
1-866-794-NEXM (6396)

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299142

FAQ

What were the key results of the NexMetals (NEXM) 2026 annual general meeting?

NexMetals reported that all resolutions at the 2026 AGM were approved. According to NexMetals, shareholders elected eight directors, re-appointed MNP LLP as auditor, and approved the Omnibus Equity Incentive Plan described in the April 23, 2026 management information circular.

Which directors were elected at the NexMetals (NEXM) 2026 AGM on May 27, 2026?

Shareholders elected Paul Martin, Mark Christensen, Jason LeBlanc, Keith Marshall, Warwick Morley-Jepson, André van Niekerk, Philipa Varris and Sean Whiteford. According to NexMetals, each director will serve until the next annual meeting or until a successor is duly elected or appointed.

What is the Omnibus Equity Incentive Plan approved by NexMetals (NEXM) shareholders in 2026?

Shareholders approved NexMetals’ Omnibus Equity Incentive Plan at the 2026 AGM. According to NexMetals, the plan enables equity-based awards such as deferred share units, including the 153,100 DSUs granted to directors effective May 27, 2026 under this framework.

How many deferred share units did NexMetals (NEXM) grant to directors after the 2026 AGM?

NexMetals granted an aggregate 153,100 deferred share units to directors effective May 27, 2026. According to NexMetals, 41,000 DSUs cover services from January 1 to May 27, 2026, and 112,100 DSUs relate to compensation for the 2026-2027 term.

At what price were NexMetals (NEXM) director DSUs granted and how was it determined?

The 153,100 director DSUs were granted at a deemed price of $4.55 per unit. According to NexMetals, this reflects the 90-day volume weighted average price of its shares on the TSX Venture Exchange as of May 21, 2026.

Where can investors find detailed voting results from the NexMetals (NEXM) 2026 AGM?

Detailed voting results will be available in a Report of Voting Results filed on SEDAR+. According to NexMetals, this filing will provide additional breakdowns of how shareholders voted on each 2026 annual meeting resolution.