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Date: January 21, 2026.
NEXA RESOURCES PROVIDES
UPDATE ON ATACOCHA MINE OPERATION
Luxembourg, January 21, 2026 -
Nexa Resources S.A. (“Nexa Resources”, “Nexa” or the “Company”) (NYSE Symbol: “NEXA”)
informs that production at the Atacocha San Gerardo open pit mine is temporarily suspended.
The Joraoniyoc community has illegally
blocked the road access to the mine due to protest activities, and although there is no material impact on Atacocha´s production
to date, mine production has been suspended, and activities are limited to critical operations with a minimum workforce to ensure proper
maintenance.
Nexa is complying with all existing agreements,
pursuing an active dialogue with the community and authorities for a peaceful resolution of this situation, in addition to remaining committed
to the social development of all its host communities.
On a weekly basis, Atacocha produces approximately
0.2kt of zinc, accounting for less than 3% of Nexa’s zinc production. Nexa will keep the market informed of further developments.
About Nexa
Nexa is a large-scale, low-cost, integrated
polymetallic producer, with zinc as our main product. We have over 65 years of experience developing and operating mining and smelting
assets in Latin America. Nexa currently owns and operates five polymetallic mines – four long-life underground (two in the Central
Andes region of Peru and two in Brazil, in the state of Minas Gerais and Mato Grosso), and one open-pit in Peru. Nexa also owns and operates
three smelters: two in Minas Gerais, Brazil (Três Marias and Juiz de Fora), and one in Lima, Peru (Cajamarquilla), which is the
largest smelter in the Americas.
Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking
information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as
“forward-looking statements”). Forward-looking statements contained in this news release may include, but are not limited
to, zinc and other metal prices and exchange rate assumptions, projected operating and capital costs, metal or mineral recoveries, head
grades, mine life, production rates, and returns; the Company’s potential plans; the estimation of the tonnage, grade and content
of deposits and the extent of mineral resource and mineral reserve estimates; timing of commencement of production; exploration potential
and results; the timing and receipt of necessary permits for future operations; and the impacts of COVID-19 on our operations.
These statements are based on information currently
available to the Company and the Company provides no assurance that actual results and future performance and achievements will meet or
not differ from the expectations of management or qualified persons. All statements other than statements of historical fact are forward-looking
statements. The words “believe,” “will,” “may,” “may have,” “would,” “estimate,”
“continues,” “anticipates,” “intends,” “plans,” “expects,” “budget,”
“scheduled,” “forecasts” and similar words are intended to identify estimates and forward-looking statements.
Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations
described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities
of our competition, the future global economic situation,

weather conditions, market prices and conditions,
exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly
change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking
statements may also be influenced by, among others, legal, political, environmental, or other risks that could materially affect the potential
development of the Project, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity
regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business
and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such
matters.
These forward-looking statements related to
future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management’s
expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy,
the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration
and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity.
Forward-looking statements are necessarily
based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering
their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning
future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that
demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration
of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability
of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are
no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.
Estimates and forward-looking statements refer
only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement
due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks
and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations
described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking
statements and our business can be found in our public disclosures filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).
For further information, please contact:
Investor Relations Team
ir@nexaresources.com