Nine Mile Metals

Investor Insight

Nine Mile Metals is a compelling investment opportunity offering copper-focused projects in the highly prospective Bathurst Mining Camp. The company combines the de-risked advantage of a past-producing mine with the upside of a high-grade discovery, providing ongoing exploration catalysts and progressively unlocking value for shareholders.

Visible massive copper mineralization from Zone 1 & 2 (including Covellite (CuS) & Bornite (Cu5FeS4).

Overview

Nine Mile Metals (CSE:NINE,OTCQB:VMSXF,FSE:KQ9) is a Canadian critical minerals exploration company focused on the discovery and advancement of copper-dominant sulphide systems within New Brunswick’s Bathurst Mining Camp. Copper is widely recognized as a foundational critical mineral for electrification, renewable energy infrastructure, and industrial supply chains, and the Bathurst camp is one of the world’s most prolific districts for hosting copper-rich volcanogenic massive sulphide deposits.

The Bathurst Mining Camp is recognized as the third-largest mining camp globally and has hosted multiple world-class base-metal operations, including the Brunswick No. 12 mine, which serves as a defining benchmark for scale, grade and longevity in VMS-hosted critical mineral systems.

Nine Mile Metals is advancing a balanced portfolio of assets that includes a historic copper-producing mine at the Wedge project, a high-grade copper discovery at Nine Mile Brook with bulk sample approval in place, and two district-scale exploration projects—California Lake and Canoe Landing Lake—positioned along prospective geological trends. While the company’s mineralization is hosted within VMS systems, its strategic focus is squarely on identifying and advancing high-grade copper and associated critical minerals within a proven Canadian mining jurisdiction.

Supported by an experienced technical and management team, Nine Mile Metals integrates modern exploration technologies with systematic drilling to expand known mineralized footprints, identify new sulphide lenses, and progressively de-risk its projects for potential development or strategic partnerships.

Company Highlights

• Focused on advancing critical minerals projects, with a primary emphasis on copper, across four high-priority assets in New Brunswick’s world-renowned Bathurst Mining Camp: the Wedge, Nine Mile Brook, California Lake, and Canoe Landing Lake. The company’s projects are hosted within copper-rich volcanogenic massive sulphide (VMS) systems, a globally proven source of critical metals.
• Controls a large, contiguous 136.34 square kilometre land package across 624 claims in one of the world’s most prolific base- and critical-minerals districts, offering district-scale exploration and development optionality within a stable, mining-friendly jurisdiction.
• Nine Mile Brook represents a standout high-grade copper discovery, hosting the highest-grade certified copper drill results reported in the Bathurst Mining Camp to date, supported by multiple polymetallic lenses containing copper, zinc, lead, silver and gold—metals increasingly relevant to modern industrial and energy-transition supply chains.
• The Wedge Project is a historic copper-producing mine, previously operated by Cominco, with documented production and a historical resource estimate. Modern exploration has confirmed the presence of copper-dominant massive sulphide mineralization and demonstrated that the system remains open for expansion along strike and at depth.
• Employs modern exploration technologies—including advanced geophysics, three-dimensional geological modelling, UAV-based magnetic surveys, and AI-assisted targeting—to efficiently identify and prioritize concealed critical-mineral-bearing sulphide systems across the portfolio.
• Received regulatory approval for a 1,000-tonne bulk sample program at Nine Mile Brook, advancing the project beyond early-stage exploration and providing a pathway to evaluate concentrate quality, metallurgical performance, and potential development scenarios for copper and associated critical minerals.

The Wedge Project

The Wedge project is a historic copper-producing critical minerals asset, hosted within a volcanogenic massive sulphide system in New Brunswick’s Bathurst Mining Camp, one of the world’s most prolific sulphide-hosted metal districts. The deposit was discovered in the mid-1950s and subsequently developed and operated by Cominco, a leading Canadian base-metal producer whose early work helped establish Bathurst as a globally significant copper and zinc camp.

Between 1962 and 1968, the Wedge mine produced approximately 1.503 million tonnes of copper-rich ore, grading 2.88 percent copper, with additional lead, zinc and silver credits. Ore was transported to the nearby Heath Steele processing facilities, confirming the Wedge as a technically and economically viable copper operation within the camp. Notably, mining during this period was limited to the upper portions of the deposit, leaving significant parts of the mineralized system untested at depth and along strike.

A historical resource estimate of 545,200 tonnes remains on record, although it is considered historical in nature and non-compliant with current reporting standards. The Wedge deposit displays classic Bathurst-style sulphide architecture, including stacked lenses, copper-dominant mineralization, and strong hydrothermal alteration—features commonly associated with larger, long-life critical-minerals systems hosted within VMS environments.

Modern exploration by Nine Mile Metals has re-established the Wedge as a priority copper-focused critical minerals target through the application of contemporary geophysics, three-dimensional modelling, and systematic drilling. Drilling completed to date has confirmed the presence of copper-rich massive and semi-massive sulphide mineralization, with visible chalcopyrite and associated copper sulphides observed in core, supporting the interpretation that the Wedge system remains open for expansion beyond the historically mined zones.

Nine Mile Brook Project

Nine Mile Brook is a high-grade, copper-focused critical minerals discovery and a core asset within the Company’s portfolio, covering approximately 50.04 square kilometres across 229 claims in the eastern portion of New Brunswick’s Bathurst Mining Camp. Drilling has identified a high-grade polymetallic sulphide lens hosted within a volcanogenic massive sulphide system, with certified assays returning up to 10.12 percent copper, alongside zinc, lead, silver and gold credits over a 15.10-metre interval. These results rank among the highest-grade certified copper intersections reported in the camp and confirm the presence of a robust, metal-rich hydrothermal system.

The project is strategically located approximately 10 kilometres west of the Brunswick No. 12 Mine, one of the largest and most productive sulphide-hosted deposits globally. Nine Mile Brook lies within favourable stratigraphy of the Spruce Lake Formation and California Lake Group, geological units known to host significant copper-rich sulphide mineralization elsewhere in the district.

Nine Mile Metals has received regulatory approval for a 1,000-tonne bulk sample program at Nine Mile Brook, marking an important step beyond early-stage exploration. Supported by metallurgical testing and government-backed research initiatives, the bulk sample program is intended to evaluate concentrate quality, processing characteristics, and potential development pathways for copper and associated critical minerals.

California Lake Project

The California Lake project covers approximately 35.83 square kilometres across 164 claims within New Brunswick’s Bathurst Mining Camp and hosts multiple critical-mineral-bearing sulphide targets aligned along established geological and geophysical trends. Drilling at the California Lake East target has intersected sulphide mineralization consistent with a volcanogenic massive sulphide system, confirming the presence of a mineralized system at depth.

Completed and ongoing geophysical programs—including borehole electromagnetics, UAV magnetic surveys, and planned time-domain EM surveys—are being used to refine drill targeting and identify potential source zones for additional copper-rich sulphide lenses across the project area.

Canoe Landing Lake (East & West) Project

Management Team

Patrick J. Cruickshank – Chief Executive Officer & Director

Patrick Cruickshank brings more than 20 years of experience in wealth management, private equity, and resource-sector investing. He previously held senior roles at Merrill Lynch, Legg Mason, and Citigroup Capital Markets, where he focused on capital formation and portfolio management. Since 2012, he has concentrated on acquiring, funding, and advancing energy and resource companies, with a focus on disciplined capital allocation and long-term value creation.

Gary Lohman – Vice-president, Exploration & Director

Gary Lohman is a professional geologist with more than 40 years of experience in base and precious metal exploration, specializing in volcanogenic massive sulphide (VMS), porphyry, and IOCG systems. His experience spans Canada, the Americas, and international jurisdictions. Mr. Lohman currently serves as president of a private copper exploration company in Chile and acts as the Company’s Qualified Person for technical disclosure.

Jonathan Holmes – Director

Jonathan Holmes is a capital markets and corporate development executive with more than 15 years of experience working with public companies across the Canadian, Australian, U.S., and UK markets. He is a Partner at Dig Media Inc., the parent company of Investing News Network, and has worked with over 200 publicly listed issuers on investor relations, strategic marketing, and capital markets positioning. Mr. Holmes brings a strong focus on shareholder communication, liquidity development, and long-term market strategy.

Brett Wallace – Director

Brett Wallace is an experienced geoscientist, lawyer, and corporate executive with more than 20 years of experience spanning greenfields exploration through to mining operations. His background includes copper, gold, nickel, iron ore, and VMS deposits, as well as extensive experience in mining law, corporate governance, and major project development. Mr. Wallace has worked with leading international law firms and ASX-listed resource companies and brings deep technical and regulatory expertise to the Board.

Kevin Hicks – Director

Kevin Hicks is a senior investment and technology executive with nearly four decades of experience in the energy and resources sectors. He holds a Master’s degree in Electrical Engineering and is the Chief Executive Officer of a private investment company focused on critical minerals opportunities across North America and South America. Mr. Hicks brings a strong background in data systems, project evaluation, and strategic capital deployment.

Jimmy Jeon – Chief Financial Officer

Jimmy Jeon is a Chartered Professional Accountant with extensive experience providing CFO and advisory services to public companies. He oversees Nine Mile Metals’ financial reporting, regulatory compliance, and corporate finance functions and has led the transition of the Company’s financial management to a professional corporate services platform based in Toronto.

Andrew Newbury – Corporate Secretary

Andrew Newbury has over 20 years of experience in corporate secretarial, administrative, and operational roles, supporting publicly listed companies across the TSX, TSX Venture Exchange, and CSE. He provides governance, compliance, and corporate administration support to the Company.