Nine Mile Metals Announces Completion of DDH WD-25-01 and Confirms Two Zones of VMS Mineralization at the Wedge Project

Rhea-AI Summary

Nine Mile Metals (OTC: VMSXF) completed drill hole DDH WD-25-01 at the Wedge Western Extension program on November 26, 2025 and is progressing on DDH WD-25-02. WD-25-01 intersected approximately 22.40 metres true width of massive copper-bearing VMS (Cu-Pb-Zn-Ag-Au) in Target Plate 1 and a second sulphide zone in Target Plate 2.

A total of 65 core sample sections were identified for base and precious metal assays (including antimony) to be analyzed by Actlabs Fredericton. Core has been logged, photographed, cut and prepared for assay; WD-25-02 was drilled from the same pad to test the plate ~40 metres further west along strike.

Positive

• 22.40 m true width massive copper-bearing VMS intersected in DDH WD-25-01
• Second sulphide zone identified in Target Plate 2 from WD-25-01
• 65 core samples submitted for base and precious metal assays to Actlabs
• WD-25-02 drilled to test the zone ~40 m further west along strike

Negative

• None.

News Market Reaction

+58.33%

1 alert

+58.33% News Effect

On the day this news was published, VMSXF gained 58.33%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Massive sulphide interval: 22.40 meters Drill azimuth WD-25-01: 335 degrees Drill dip WD-25-01: -50 degrees +5 more

8 metrics

Massive sulphide interval 22.40 meters True width intersected in 1st Target Plate, WD-25-01

Drill azimuth WD-25-01 335 degrees Hole orientation at Wedge Western Extension

Drill dip WD-25-01 -50 degrees Hole inclination targeting modeled plates

Drill azimuth WD-25-02 310 degrees Second hole from same pad to test further west

Drill dip WD-25-02 -50 degrees Second hole inclination

Sample sections 65 samples Core sections identified for metal analysis by Actlabs

Step-out distance 40 meters WD-25-02 targeting plate ~40 m further west along strike

52-week range $0.0039 – $0.1557 Pre-news 52-week low and high for VMSXF

Market Reality Check

Price: $0.1280 Vol: Volume 293,304 is below t...

low vol

$0.1280 Last Close

Volume Volume 293,304 is below the 20-day average of 426,750, indicating subdued trading interest. low

Technical Price 0.13 is trading above the 200-day MA of 0.02 after the update.

Peers on Argus

Peers showed mixed moves: ATMMF up 8.33%, GOCOF down 25%, others flat. This sugg...

Peers showed mixed moves: ATMMF up 8.33%, GOCOF down 25%, others flat. This suggests a stock-specific reaction for VMSXF rather than a coordinated sector move.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Drill results update	Positive	+15.5%	Completion of DDH-WD-25-02 confirming two zones of VMS sulphides.
Nov 26	Drill results update	Positive	+58.3%	First Wedge extension hole intersected two VMS mineralized zones.
Nov 05	Project exploration data	Positive	+3.7%	Phase 3 XRF results with multiple high-grade copper readings.
Nov 03	Drill program mobilization	Positive	+23.3%	Mobilization of drill rig for Wedge copper-gold program western extension.
Oct 29	Equity financing	Neutral	-5.9%	Oversubscribed flow-through private placement raising funds for exploration.

Pattern Detected

Operational and project advancement news (drilling progress, high‑grade results) have typically coincided with positive price reactions, while financing news drew a modest negative move.

Recent Company History

Over the last few months, Nine Mile Metals has focused on advancing the Wedge copper‑gold project. A flow-through private placement on Oct 29, 2025 raised $400,000 and was followed by drill rig mobilization on Nov 3, 2025. Phase 3 XRF work on Nov 5, 2025 reported high copper and antimony readings. Subsequent Wedge drill updates on Nov 26 and Dec 3, 2025 confirmed zones of copper-rich VMS mineralization, each accompanied by double‑digit percentage price gains.

Market Pulse Summary

The stock surged +58.3% in the session following this news. A strong positive reaction aligns with p...

Analysis

The stock surged +58.3% in the session following this news. A strong positive reaction aligns with prior Wedge project updates, where drilling and high‑grade exploration news have often preceded sizeable gains, including moves of 58.33% and 23.28% after earlier announcements. However, past financing activity has produced a negative response, underscoring sensitivity to dilution. Investors have previously rewarded clear progress on mineralized zones but sentiment could reverse if follow‑up assays disappoint or subsequent funding terms are viewed unfavorably.

Key Terms

chalcopyrite, pyrite, xrf, azimuth

4 terms

chalcopyrite technical

"however, upon close examination, chalcopyrite (Cu) is seen as very fine disseminations"

Chalcopyrite is a common copper-bearing mineral (a copper-iron sulfide) that often looks brassy yellow and is the main source of mined copper worldwide. For investors, its presence and abundance in a rock deposit determine how much recoverable copper a mine can produce and how profitable extraction will be — think of chalcopyrite as the concentrated ingredient that makes an ore body valuable and worth developing.

pyrite technical

"chalcopyrite (Cu) is seen as very fine disseminations within a matrix of pyrite."

Pyrite is a common metallic mineral made of iron and sulfur, often called “fool’s gold” because its shiny, brassy appearance can be mistaken for real gold. For investors, pyrite matters because its presence influences ore value and processing costs—it can dilute precious metal grades, increase sulfur-related treatment and environmental cleanup expenses, and create acid runoff risks at mining sites, much like unexpected rocks in a gravel pile that change what you can do with the load.

xrf technical

"The VMS sulphides were visible so our time consuming XRF analysis process was not performed"

X-ray fluorescence (XRF) is a non-destructive lab technique that uses X-rays to identify and measure the elements in a material, like reading the elemental 'fingerprint' of a rock, metal part, or product. Investors care because XRF helps confirm the quality, composition and value of raw materials, ores or manufactured goods quickly and cheaply, which can affect mining grades, production costs, regulatory compliance and the valuation of companies tied to those materials.

azimuth technical

"drilled at an azimuth of 335 degrees with a dip of -50 degrees to target the 2 modeled plates"

Azimuth is the compass direction measured as an angle from a fixed reference point (usually true or magnetic north) along the horizontal plane — think of it as the bearing you would read on a compass or map to point toward something. For investors, azimuth matters because it describes the precise orientation of things like drill holes, survey lines, antennas or satellite dishes; correct orientation affects accuracy, operational efficiency, estimated yields, compliance and ultimately project costs and timelines.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce that the 1^st drill hole in its Wedge Western Extension Drill Program (DDH-WD-25-01) has been completed to target depth and is in progress on its 2^nd hole (DDH-WD-25-02).

• WD-25-01 was collared along the southern flank of the Wedge Mine and drilled at an azimuth of 335 degrees with a dip of -50 degrees to target the 2 modeled plates in the western extension (Figure 2).
• DDH WD-25-01 was successful, intersecting approximately 22.40 meters (true width) of massive copper bearing sulphides (VMS - Cu-Pb-Zn-Ag-Au), in the 1^st Target Plate.
• DDH WD-25-01 also intersected a 2^nd sulphide zone in Target Plate 2, which is currently being geologically logged, measured, photographed and cut for sampling.
• A total of 65 sample sections have been identified for base and precious metals analysis (including Antimony) by Actlabs, Fredericton, New Brunswick. The VMS sulphides were visible so our time consuming XRF analysis process was not performed on this large a section to expediate the samples to the labs for certified analysis, also keeping the crew from becoming backlogged in the drill program.
• All drill core has been measured, logged, photographed, marked and cut for sampling at the company's warehouse in Bathurst New Brunswick.
• WD-25-02 was collared on the same drill pad and drilled at an azimuth of 310 degrees and a dip of -50 degrees to intersect the first plate approximately 40 meters further west to extend the mineralized zone along strike.
• More details will follow when geological logging of the drill core has been completed.

FIGURE 1: (Target Plate 1) - Massive Copper Bearing VMS Mineralization, WD-25-01

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276025_2c4e565ad4a2fa12_002full.jpg

FIGURE 2: Modeled Plates and Drill Holes WD-25-01 and WD-25-02

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276025_2c4e565ad4a2fa12_003full.jpg

FIGURE 3: Plan view of Target Plates and traces of Drill Holes WD-25-01 and WD-25-02.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276025_2c4e565ad4a2fa12_004full.jpg

FIGURE 4: Massive Copper Bearing VMS Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276025_ninemile.jpg

Gary Lohman, VP Exploration, Director stated, "We are very pleased with the VMS sulphide mineralization intersects from our first drill hole, WD-25-01. The mineralization was intersected where projected and throughout its width, it is massive and looks nondescript as seen in the images above, however, upon close examination, chalcopyrite (Cu) is seen as very fine disseminations within a matrix of pyrite. With the success of the first hole, the technical team, with the assistance of Apex Geoscience, decided to turn the drill west (WD-25-02) to intersect the VMS sulphide zone along strike and extend the mineralized footprint west. We look forward to building on this success and reporting the ongoing progress of this important Drill program at The Wedge Project."

Patrick J. Cruickshank, MBA, CEO & Director, stated, "The team is working diligently and efficiently to process the core as quickly as possible including carrying out core orientation and markup, geological logging, photography, cutting and sampling, prior to submitting for assay. Our Team is doing a stellar job. We are happy to deliver this update and will provide an update on hole WD-25-02 as soon as possible. Apex Geoscience has been instrumental in their advisory and drill program design along with our entire our Technical Team. We are well on our way with this exciting Drill Program at the Western Extension of the Wedge. A more detailed update shortly once we interpret these 2 holes and make any adjustments or new targets to the program."

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East - West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile Metals

ON BEHALF OF NINE MILE METALS LTD.

"Patrick J Cruickshank, MBA"
CEO and Director
T: +1.506-800-0581
E: patrick@ninemilemetals.com

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. . Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values , (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 800-0581
www.ninemilemetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276025

FAQ

What did Nine Mile Metals announce about drill hole DDH WD-25-01 at Wedge on November 26, 2025?

DDH WD-25-01 intersected approximately 22.40 metres true width of massive copper-bearing VMS and a second sulphide zone in Target Plate 2.

How many core samples from WD-25-01 will be assayed and where will they be analyzed for VMSXF?

A total of 65 core sample sections were identified for base and precious metal analysis, to be tested by Actlabs Fredericton.

What is the goal of drill hole DDH WD-25-02 at the Wedge Western Extension (VMSXF)?

WD-25-02 was collared to intersect the first target plate about 40 metres further west to extend the mineralized zone along strike.

What preparatory work was completed on the WD-25-01 core before assay for Nine Mile Metals (VMSXF)?

All core was oriented, logged, photographed, measured and cut for sampling at the company warehouse in Bathurst, New Brunswick prior to submission.

When will Nine Mile Metals provide more details on the Wedge drill program results (VMSXF)?

The company said further details will follow after geological logging and interpretation of the two holes is completed.