Mr. Bruno Dumais reports

NIO STRATEGIC METALS PROVIDES AN OPERATIONAL UPDATE

Nio Strategic Metals Inc. has provided an operational update on the development of the Oka niobium project. The corporation has assembled a team of highly skilled and respected mining engineers, environmental scientists and niobium market participants to ensure that the company's mining plan will be highly economic while restoring the Oka site and preserving its ecological diversity for future generations.

Nio's management team believes the best reasonable way to move the project forward is twofold: to build a state-of-the-art underground mine with a minimal environmental footprint and to provide a solution to restore the site by removing and processing the historical tailings.

The corporation's president and chief operating officer, Bruno Dumais, commented: "The essential priority for Nio has been to implement a holistic technical program to ensure the historical mining works are securely disposed of into a structured program to reduce risk and create value for all."

As such, DRA Global was recently mandated to provide a general assessment of the water balance of the area. An assessment of the process water balance was undertaken to evaluate the implications of transitioning from a conventional tailings storage facility to a dry-stack tailings configuration. The objective of the study is to determine how modifications to the tailings handling system would affect overall water management, reclaim water availability and freshwater requirements.

In order to advance the required work on site, Nio has retained GHD and the Table Jamesienne de concertation miniere to assist the corporation with all required environmental authorizations at the local and governmental levels (that is, ATI (authorization of impact causing exploration work)). Both GHD and Table Jamesienne will conduct the various social and environmental impact assessments required as well as review the economic potential of the project. The corporation has also retained the expertise of Guy Arbour and Terra-Consulting Inc. to assist with environmental and public safety issues related to air quality and hazardous substances.

Given the increased interest in its significant economic niobium resource, Nio has retained the services of Camet AG from Zug to develop a comprehensive sales and marketing strategy for its metal.

Building on decades of history in the niobium sector -- originating from the targeted establishment of Camet to take over sales and marketing activities for established producers -- as well as the long-standing collaboration of its founder, Alfred Ebeling, with leading market participants such as Companhia Brasileira de Metalurgia e Mineracao, Camet possesses a deep and well-established understanding of the global niobium industry. Complemented by further co-operation with major producers, a comprehensive market perspective has been developed over the years, enabling Camet to assess industrial, commercial and strategic dynamics in a holistic and well-founded manner. Unlike pure trading companies, Camet's expertise is therefore not limited to market transactions but is based on a thorough understanding of the entire value chain -- from production through processing to marketing. This combination enables Camet not only to support Nio Strategic Metals on a commercial level but also to contribute to the project's advancement through practical insights and a strong international network.

These various partnerships will align Nio and the Oka project with long-standing industrial expertise and a global market experience.

Nio's management team looks forward to update the investment community on June 11, 2026, at 11 a.m. on a webcast led by Amvest Capital, a mining investment boutique specializing in rare earth minerals. Registration to the webcast is available on-line.

About Nio Strategic Metals Inc.

Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The corporation holds niobium properties located in Oka and near Mont-Laurier in the province of Quebec.

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