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Nine Mile Metals Ltd
Symbol NINE
Shares Issued 193,956,267
Close 2026-05-15 C$ 0.075
Market Cap C$ 14,546,720
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Nine Mile appoints Holmes as president, Held to board

2026-05-15 19:42 ET - News Release

Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES ADDITIONS TO MANAGEMENT TEAM AND BOARD OF DIRECTORS

Nine Mile Metals Ltd. has appointed Jonathan Holmes as president and has appointed Jonathan Held as an independent director of the company, effective immediately.

Patrick J. Cruickshank, MBA, chief executive officer and director, stated: "We are pleased to welcome our current director Jonathan Holmes to our executive management team here at Nine Mile Metals. Jonathan has displayed strong leadership and helped guide over the past year as a director and supported the team initiating our corporate branding, marketing and assisting on our capital markets initiatives. Jonathan's transition to this role will be seamless and highly effective. I look forward to working closely with Jonathan as we continue advancing the company's strategic initiatives. We are also pleased to have Jonathan Held join our board of directors. His wealth of experience and knowledge of capital markets including corporate structuring will be a valuable addition as we continue to advance the company. We have an aggressive exploration program planned for 2026 and have established significant goals for the company."

Mr. Holmes has served on the board of directors of Nine Mile Metals since April, 2025, supporting the company's corporate development, investor relations and capital market initiatives.

Mr. Holmes was also a founder and director of Reem Capital Corp., a capital pool company that completed its qualifying transaction with Seegnal Inc. in 2025. He previously served as co-founder and managing director of INN Australia from 2021 to 2025, and spent over 15 years with Dig Media Inc., the parent company of the Investing News Network, where he held senior leadership roles including director and partner. Throughout his career, Mr. Holmes has worked with more than 200 publicly listed companies across Canada, Australia and the United Kingdom, specializing in capital markets, corporate development and investor relations. Mr. Holmes is a member of the Institute of Corporate Directors (Canada) and the Canadian Institute of Mining, Metallurgy and Petroleum, and was previously a member of the Australian Institute of Company Directors.

Mr. Holmes, president, stated: "I'm excited to take on the role of president of Nine Mile Metals at an important stage for the company. Having served on the board over the past year, I've had the opportunity to work closely with the team and support a number of the company's corporate development and capital markets initiatives. I look forward to being on site in late May as we commence our next exploration program in the world-class Bathurst mining camp while working more closely with the management team to help lead the company into its next chapter."

Mr. Held, CPA, CA, is a seasoned financial executive with over 15 years of experience working with both public and private companies. Mr. Held is a partner at Aloe Finance, a boutique firm specializing in transaction advisory and senior-level finance solutions.

Mr. Held has worked across a number of sectors, including natural resources, technology and biotechnology, both domestically and internationally. His experience includes leading numerous successful public listings through initial public offerings eight cents per share for a period of five yearsand reverse takeovers, as well as multiple merger and acquisition transactions and financings.

Mr. Held has held director and officer roles with numerous public companies, including serving as chief financial officer and a director of Signature Resources for over nine years. He holds a bachelor of mathematics and a master of accounting from the University of Waterloo.

The company has also granted an aggregate of 14.55 million incentive stock options to certain directors, officers, committee members and consultants, pursuant to the company's stock option plan. The options are exercisable at a price of from the date of grant and vest immediately. This represents the first option grant to management or directors since April, 2024.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on volcanogenic massive sulphide (copper, lead, zinc, silver and gold) exploration in the world-famous Bathurst mining camp, New Brunswick, Canada. The company's primary business objective is to explore its four VMS projects: Wedge VMS project, Nine Mile Brook VMS project, California Lake VMS project and the Canoe Landing Lake (East-West) VMS project. The company is focused on critical mineral exploration, positioning for the boom in electric vehicles and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

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