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Nexcel Metals (OTCQB: NXXCF / CSE: NEXX) reported summer 2025 sampling at the Lac Ducharme REE Project in Manicouagan, Quebec showing significant light rare earth element enrichment. Highlights include total LREE up to 6,802 ppm, individual peaks of 0.323% Ce, 0.169% La and 0.1565% Nd, and an average program LREE of 1,348 ppm. The program collected 107 rock samples, 18 backpack drill holes (16.61 m total) and 30 channels (43.15 m total). Samples were assayed at ALS using ME-MS71L; results were reviewed by a Qualified Person under NI 43-101.
Nexcel Metals (OTCQB: NXXCF) entered an option agreement to earn up to a 58% interest in the Burnt Hill Tungsten Project in New Brunswick by acquiring Cadillac Ventures' 58% stake in four staged options.
Consideration includes cash payments totaling at least $420,000 (staged) and issuance of $930,000 in common shares, with monthly $5,000 payments until the first cash installment and staged share resale restrictions over 36 months. The agreement requires Canadian Securities Exchange approval. On reaching 51% interest, a joint venture will form with the existing 42% minority owner remaining unchanged unless otherwise agreed.
Nexcel Metals Corp. (CSE: NEXX) (OTCQB: NXXCF) has successfully completed its uplisting to the OTCQB Venture Market, with trading commencing on September 18, 2025, under the symbol "NXXCF". The company will maintain its listing on the Canadian Securities Exchange under "NEXX".
This strategic move enhances Nexcel's visibility among U.S. investors and demonstrates the company's commitment to transparency and growth. As part of OTCQB compliance requirements, Nexcel will provide periodic reports, disclosures, and annual certifications, with financial information available on otcmarkets.com.
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