NVRO Metals Limited Closes C$35 Million Private Placement with Participation from Strategic Investors to Fund the NTR Acquisition

Résumé détaillé

The closing of the Private Placement enables the completion of the Acquisition of NTR, the owner of the site of the NVRO Metals Hub, NT, expected to be completed on or about…

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VANCOUVER, British Columbia, Nov. 10, 2026 (GLOBE NEWSWIRE) -- NVRO Metals Limited (“NVRO Metals” or the “Company”) (TSXV: NVRO) is pleased to announce the completion of a range of strategic activities together with its previously announced private placement (the “Private Placement”), consisting of a “best efforts” brokered private placement and concurrent non-brokered subscriptions. The brokered portion of the Private Placement was conducted by ATB Cormark Capital Markets and Cantor Fitzgerald Canada Corporation, as co-lead agents and joint bookrunners (the “Agents”).

Commercial AdvancementsIn conjunction with the Private Placement, the Company has agreed to the following commercial arrangements with Strategic Investors, each of which is effective as of November 10, 2026:

Greens Creek Tailings Supply Agreement The Company has entered into an agreement with Hecla for the purchase by the Company of tailings from Hecla’s Greens Creek mine in Alaska (the “Greens Creek Supply Agreement”) for processing at the NVRO Metals Hub, NT. The Greens Creek Supply Agreement has an initial term of five years from the first shipment of tailings and provides for a committed quantity of up to 750,000 tonnes per year. The supply and purchase obligations are subject to conditions precedent.

Oxide Copper Cathode Offtake and Prepayment Agreement The Company has entered into a binding offtake and prepayment agreement with Transamine for 100% of the copper cathode to be produced at the NVRO Metals Hub, NT from the oxide deposits (the “Cathode Offtake Agreement”) enabling a day 1, fully funded near-term production. Transamine will provide, subject to completion of conditions precedent typical for transactions of this nature, a prepayment debt facility of up to US$10,000,000 to be used for the commissioning activities toward copper cathode production.

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