NordX Metals closes $1.2 million private placement

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2026) - NordX Metals Corp. (CSE: NRDX) (OTCQB: ULTHF) (FSE: 0UL) (" NordX " or the " Company ") is pleased to announce the closing of its previously announced non-brokered private placement (the " Offering ") consisting of 4,000,000 units (each, a " Unit ") of the Company at a price of $0.30 per Unit for aggregate gross proceeds of $1,200,000. Each Unit is comprised of one common share (each, a " Share ") and one-half (1/2) common Share purchase warrant (each whole warrant, a " Warrant "), with each whole Warrant entitling the holder to acquire one additional Share at a price of $0.40 for a period of twenty-four (24) months from the date of closing. The Company will use the net proceeds from the Offering for general working capital purposes and for continued exploration of the Company's properties.

All securities issued in connection with the Offering were issued on a post-consolidated basis and are subject to a statutory four-month hold period expiring October 13, 2026. No finder's fees were paid in connection with the Offering. The Offering included participation by certain directors and officers of the Company for aggregate gross proceeds of $61,000, representing 203,333 Units.

Such participation constitutes a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance of securities to related parties is exempt from the valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company's Shares are not listed on a specified market, and is exempt from the minority-approval requirement pursuant to section 5.7(a) of MI 61-101 since the aggregate consideration paid to related parties does not exceed 25% of the Company's market capitalization. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.

The securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. On Behalf of The Board of Directors "Andrew Bowering" Interim Chief Executive Officer Telephone: +1-604-428-6128 About NordX Metals Corp. NordX Metals Corp. is an exploration and development company focused on the global demand for lithium, uranium, and rare earth elements. The Company is targeting lithium, uranium, and rare earth element projects in politically safe jurisdictions with advanced infrastructure that allows for rapid and cost-effective exploration, development, and potential production opportunities.

The Company's consolidated financial statements and related management's discussion and analysis are available on the Company's website at https://nordxmetals.com or under its profile on SEDAR+ at www.sedarplus.ca . Forward-Looking Statements This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements, including, without limitation, statements with respect to the intended use of proceeds from the Offering.