The performance of coal mine gas extraction borehole sealing material plays an essential role in the efficiency of gas extraction. Microcapsule technology was proposed to delay the expansion time of sealing materials to address the ineffective expansion of cement-based sealing materials in hydration. Based on conventional cement-based sealing materials, delayed-expansion microcapsules were prepared by phase separation with ethyl cellulose (EC) as the capsule wall material and montmorillonite (MMT) as the core material. A single-factor experiment showed that the delayed-expansion microcapsule had the best comprehensive effect when the EC content was 3%, the stirring rate was 400 rpm, the MMT content was 3.5%, and the core–wall ratio (CWR) was 10:3. Second, the slow release effect of the cement samples under the action of microcapsules is remarkable through physical tests. In addition, the triaxial compression test results show better mechanical properties of the delayed-expansion sealing materials. Then, nuclear magnetic resonance scanning was applied to the coal samples injected with different sealing materials. It was found that the proportions of macropores and mesopores in the total pore volume in the coal sample at 50 and 100 mm from the borehole wall decreased by 12.28 and 11.82%, respectively, indicating that the delayed-expansion sealing material has a better sealing effect.