Nexcel Metals Corp. has agreed to acquire 100% ownership of 180 mineral claims covering nearly 4,000 hectares in York County, New Brunswick, adjacent to its Burnt Hill Tungsten Project. The claims, currently at an early exploration stage, surround the historic Burnt Hill tungsten mine and will be obtained by issuing 1 million shares to Northex Capital Partners. This acquisition expands Nexcel's critical minerals portfolio in a key Canadian mining region, with closing expected by October 31, 2026, pending regulatory approval. Further exploration updates will follow as the company advances the project.
Nexcel Metals Corp.'s recent mineral claims purchase agreement provides context for those tracking basic materials. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Oct 16, 2026 18:11 WIB: Of 83 priced US stocks, 48 rose and 28 fell today. Notable movers include USAR at USD 11.27 with a 1-day change of +1.62% and 100% buy order activity, AMRZ at USD 37.92 with +1.61% and 100% buy order activity, and SLI at USD 1.41 with +1.44% and 64% buy order activity. Typical hold times vary from 0 to 25 days on Pluang.
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