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Nexcel Metals raises $2.51M in share offering to fund exploration at Burnt Hill and Lac Ducharme projects.

Company Fundamentals
26 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Nexcel Metals Corp. has closed a brokered public offering, raising $2.51 million by selling 2.51 million shares at $1.00 each. The funds will support exploration and development at its Burnt Hill tungsten-molybdenum-tin project and Lac Ducharme rare earth element project in Canada. The company aims to use the capital to advance its Phase I summer drill program and maintain operations through 2026. Additional broker warrants and fees were issued as part of the offering, with an over-allotment option available for further share sales.

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