SCHEDULE: Extract Advisors Discloses 5% Stake in NexMetals Mining

Extract Advisors LLC and Darin Milmeister have reported a 5.0% beneficial ownership stake in NexMetals Mining Corp., primarily through managed funds and warrants.

Summary

• Extract Advisors LLC and Darin Milmeister jointly reported beneficial ownership of 1,833,616 common shares of NexMetals Mining Corp.
• This represents a 5.0% stake in the company's common shares, calculated based on 21,455,608 shares outstanding as of November 13, 2025, plus 14,035,100 shares from a public offering closed November 17, 2025, and exercisable warrants.
• The reported shares include those held by one or more private funds managed by Extract Advisors LLC and the approximate number of shares acquirable through the exercise of warrants within sixty days.
• Darin Milmeister serves as the managing member of Extract Advisors LLC and is also a reporting person individually.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of NexMetals Mining Corp.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as a significant institutional investor has disclosed a 5.0% stake, suggesting a vote of confidence in NexMetals Mining Corp. without indicating an intent to influence control.

Positives

• A significant institutional investor, Extract Advisors LLC, has taken a 5.0% stake in NexMetals Mining Corp., potentially signaling confidence in the company's future prospects.

Risks

• The reporting persons disclaim beneficial ownership of the shares reported except to the extent of their pecuniary interest, indicating a passive investment approach rather than an active role in company management or strategy.

Future Outlook

The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities."

Industry Context

StockSavvy.ai notes that institutional filings like this Schedule 13G provide transparency into significant ownership stakes, which can influence market perception. For the mining sector, such disclosures are common as institutional investors often take positions in companies with promising exploration or production assets.

Stakeholder Impact

• Shareholders: Increased transparency regarding institutional ownership; potential positive sentiment from institutional interest.

Key Dates

Recommendation

This Schedule 13G filing indicates that Extract Advisors LLC and Darin Milmeister have acquired a 5.0% beneficial ownership in NexMetals Mining Corp. While this signals institutional interest and a vote of confidence, the filing explicitly states the shares were acquired in the ordinary course of business and not to influence control. As such, it provides limited insight into the company's operational performance or future prospects. A seasoned investor would likely maintain a 'hold' position, awaiting further financial disclosures or strategic updates from NexMetals Mining Corp. to make a more definitive investment decision, while acknowledging the positive signal of institutional backing.

Keywords

NexMetals Mining Corp, Extract Advisors LLC, Darin Milmeister, Schedule 13G, beneficial ownership, common shares, institutional investment, mining sector