IDEX Metals Corp. — Capital/Financing Update 2025

Oct 28, 2025

FORM 51-102F3
MATERIAL CHANGE REPORT

Item 1
Name and Address
IDEX Metals Corp. (the "Company")
1188-1095 West Pender St.
Vancouver, BC V6W 2M6

Item 2
Date of Material Change
October 24, 2025

Item 3
News Release
News release dated October 24, 2025 was disseminated via the facilities of The Newswire and subsequently filed on SEDAR+.

Item 4
Summary of Material Change
The Company announced closing of its non-brokered private placement offering (the "Offering"), as previously disclosed in the Company's news releases dated October 15, 2025 and October 22, 2025. In connection with the Offering, the Company issued 8,867,099 units (the "Units") at a price of $0.60 per Unit, generating aggregate gross proceeds of approximately $5,320,259.

Each Unit consists of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder to acquire one additional common share at an exercise price of $0.90 per share for a period of 24 months from the date of issuance.

In connection with the Offering, the Company paid finder's fees in the amount of $204,418.20 and issued 511,030 finder's warrants. Each finder's warrant entitles the holder to acquire one common share at an exercise price of $0.60 per share for a period of 24 months from the date of issuance, under the same terms as the Warrants issued pursuant to the Offering.

Item 5
Full Description of Material Change
See attached news release for full description of Material Change.

Item 6
Reliance on Subsection 7.1(2) of National Instrument 51-102
Not applicable.

Item 7
Omitted Information
There is no information of material nature that has been omitted

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Item 8 Executive Officer
Clayton Fisher, CEO and Director is knowledgeable about the Material Change Report and may be contacted by email at info@idexmetals.com.

Item 9 Date of Report
October 28, 2025.

LEGAL*50498776.1