Nexcel Metals Corp (OTCQB: NXXCF) generates news primarily through its exploration and corporate developments as a junior mining company. The company’s disclosures focus on its mineral projects in Canada, including rare earth element work at the Lac Ducharme project in Quebec and tungsten-focused activity at the Burnt Hill project in New Brunswick.
News updates from Nexcel include detailed sampling and assay results from exploration programs. For Lac Ducharme, the company has reported significant enrichment in light rare earth elements such as lanthanum, cerium and neodymium, based on rock, channel and backpack drill samples collected across prospective geological units. These releases often summarize sample highlights and describe how new work builds on previous surveys and prospecting.
For the Burnt Hill tungsten project, Nexcel’s news flow has covered the signing and advancement of an option agreement to earn an interest in the property, as well as the subsequent earning of an initial ownership interest. These announcements describe the staged option terms, the size of the property, the presence of a historical mineral resource estimate for tungsten, molybdenum and tin, and the potential formation of a joint venture once certain interest thresholds are met.
Corporate news has also included the company’s up-listing to the OTCQB market in the United States, making its common shares available to a wider group of U.S. investors while continuing to trade on the Canadian Securities Exchange. Investors following NXXCF news can review exploration results, option agreement milestones and listing-related updates in one place, and may wish to check this page regularly for new project and corporate announcements from Nexcel Metals Corp.
Nexcel Metals (NXXCF) is preparing to begin fully permitted Phase 1 drilling while pursuing an expansion of its Burnt Hill Tungsten Project. Provincial authorization covers approximately 5,000 metres of diamond drilling from up to 15 drill pad locations in New Brunswick. An exploration licence agreement and concurrent escrow agreement were secured in October 2026 to access and commence exploration.
The agreement to acquire a 100% interest in the Northex Claims covers approximately 3,994 hectares. Upon completion, land held, under option or under agreement to acquire will total approximately 12,598 hectares, versus the original 1,553 hectares. Nexcel completed approximately 1,755 line-kilometres of airborne surveying and engaged Condor Consulting to integrate modern and historical data. Planned drilling will validate selected historical results and test extensions of known mineralization.
Nexcel Metals (NXXCF) exercised its second option with Cadillac Ventures, increasing ownership of the original Burnt Hill property to 80.28%. The transaction added an 8.70% interest in the New Brunswick property, taking ownership from 71.58%; Cadillac retains 19.72%. Nexcel paid $25,000 and issued 253,742 common shares with a deemed value of $200,000, completing the conditions before the October 3, 2026 anniversary date.
The broader Burnt Hill Tungsten Project now covers approximately 8,546 hectares, including the original 1,540-hectare property, two directly staked claim packages and approximately 500 hectares subject to a separate June 2026 option agreement. The combined footprint is approximately 455% larger than the original property. Nexcel has the right to earn full ownership of the original property, subject to remaining option payments and share issuances.
Nexcel Metals (NXXCF) approved new equity-based compensation on September 4, 2026, granting 500,000 stock options and 1,000,000 restricted share units (RSUs) to a director and consultants.
The stock options vest immediately, carry an exercise price of $0.80 per share, and are exercisable for three years from the grant date under the company’s stock option plan. The RSUs also vest immediately, have a three-year settlement period, and are subject to Nexcel’s RSU plan. Nexcel describes itself as a Canadian mineral exploration company focused on critical minerals, including its Burnt Hill Tungsten Project in New Brunswick and an option to acquire 100% of the Lac Ducharme REE project in Quebec.
Nexcel Metals (CSE: NEXX, OTCQB: NXXCF, FSE: 2OH) has begun a core relogging and resampling program at its Burnt Hill Tungsten Project in New Brunswick, focused on 26 historical 1979 drill holes totaling 5,687 metres stored at the Madran government facility.
The company plans full relogging and sampling of five holes to validate historical assays and prioritize remaining core, while an independent consultant performs geostatistical analyses ahead of an eventual independent mineral resource estimate. Burnt Hill hosts a historical indicated resource of 1.761 Mt and inferred resource of 1.520 Mt, which are not yet classified as current resources.
Nexcel Metals (CSE: NEXX, OTCQB: NXXCF) has selected an experienced local drilling contractor for its fully permitted 2026 diamond drill program at the Burnt Hill Tungsten Project in New Brunswick, Canada. The initial program is expected to include about 5,000 metres of NQ diamond drilling from up to 15 permitted drill pads, subject to a land access agreement.
Mobilization is estimated to begin in mid‑August 2026, with drilling anticipated shortly thereafter. The inaugural campaign is designed to validate historical tungsten, molybdenum and tin mineralization, test extensions of known zones, and integrate recent airborne TDEM and magnetic survey data to support future mineral resource updates.
Nexcel Metals (OTCQB:NXXCF) entered an option agreement to acquire a 100% interest in the 500-hectare Fitzgerald Claims, a 25-unit mineral package within the Burnt Hill Tungsten Project in New Brunswick.
The claims remove a third-party inlier, consolidate Nexcel’s land position, and expand exposure to tungsten, tin, molybdenum and beryllium trends near several historical occurrences.
Consideration totals $100,000 in cash and 225,000 shares, payable in staged installments over 36 months from the June 21, 2026 effective date.
Nexcel Metals (OTCQB:NXXCF) received New Brunswick approval on June 19, 2026 for a 5,000-metre diamond drill program at the Burnt Hill tungsten project.
The permit covers up to 15 drill pads and supports confirming historical tungsten, molybdenum and tin mineralization and updating the project’s mineral resource.
Nexcel Metals (OTCQB:NXXCF) has begun contractor selection for its first diamond drill program at the historic Burnt Hill Tungsten Project in New Brunswick. The company is tendering for about 5,000 metres of drilling, expected to start in September 2026 pending permits.
The program aims to validate historical tungsten mineralization, extend known zones, refine the geological model, and support future resource evaluation, using recent airborne geophysics integrated by Condor North Consulting for final drill targeting.
Nexcel Metals (OTCQB:NXXCF) has submitted applications for drill permits for its initial 2026 Phase 1 diamond drill program at the Burnt Hill Tungsten Project in New Brunswick. The program plans about 15 drill holes totaling roughly 5,000 metres to confirm historical drilling and support a current mineral resource.
Nexcel intends to twin select historical holes and conduct step‑out drilling. An airborne TDEM and magnetic survey has been completed, with Condor North processing data to refine and prioritize final drill targets at this historically significant tungsten deposit.
Nexcel Metals (OTCQB:NXXCF) completed an airborne geophysical survey at its Burnt Hill Tungsten Project in New Brunswick, covering about 1,755 line-kilometres using HeliTEM TDEM and magnetic systems.
Nexcel engaged Condor North Consulting to integrate new and historical data to define and rank drill targets for a planned Phase 1 program.