Welcome to our dedicated page for NEXMETALS MINING news (Ticker: NEXM), a resource for investors and traders seeking the latest updates and insights on NEXMETALS MINING stock.
NexMetals Mining Corp. (NEXM) news covers the company’s progress as a dual-listed mineral exploration and development company focused on copper, nickel, cobalt and platinum group element projects in Botswana. Through its disclosures, NexMetals highlights the redevelopment of the past-producing Selebi and Selkirk mines and the technical and corporate milestones that shape these assets.
Readers of the NEXM news feed can follow project-level updates such as drilling results, metallurgical test outcomes, and advances in geophysical programs at Selebi and Selkirk. Recent releases describe wide, continuous Cu-Ni-Co-PGE mineralized intervals at the Selkirk Mine, metallurgical drilling campaigns, and confirmation that blended material from Selebi Main and Selebi North can yield clean, high-grade, saleable separate copper and nickel-cobalt concentrates.
The news flow also includes strategic and financing announcements. NexMetals has reported a best-efforts public offering of units, the listing of common share purchase warrants on the TSX Venture Exchange, and the use of proceeds to fund milestone payments under asset purchase agreements and to advance exploration and development activities in Botswana. These items provide context on how the company is funding and structuring its project work.
Governance and leadership developments feature prominently as well. NexMetals has announced a CEO succession plan, the appointment of a new director with extensive mining experience, and the formation of a Safety, Sustainability and Technical Committee at the board level. Equity incentive grants under the company’s Omnibus Equity Incentive Plan are also disclosed through news releases.
For investors and observers, the NexMetals news page offers a consolidated view of technical results, corporate actions, financing events and board-level decisions that influence the NEXM story. Regularly reviewing these updates can help users understand how the company is advancing its Selebi and Selkirk projects and managing its capital and governance framework.
NexMetals (TSXV: NEXM; NASDAQ: NEXM) reported assay results from three additional Selebi North Underground drill holes testing the South Limb down-plunge continuity. SNUG-25-194 returned 32.45 metres @ 4.61% CuEq (1.61% Cu, 1.46% Ni), including 9.65 metres @ 5.88% CuEq (2.35% Cu, 1.72% Ni) and a 7.90 m interval at 5.85% CuEq. Two step-out holes (SNUG-25-191, -192) also hit South Limb mineralization. The company plans to update the 2024 MRE using 2025 expansion drilling and updated metallurgical results, continue drilling (SNUG-25-200 in progress), then transition to surface drilling for the 2026 Selebi Main expansion. Total 2025 program to date: 9,617 metres drilled in 10 completed holes (plus 6 abandoned, 1 in progress).
NexMetals (TSXV: NEXM; NASDAQ: NEXM) reported initial results from its 2025 surface hinge drilling at Selebi Main, Botswana, highlighting new massive and semi-massive sulphide intercepts outside the current 2024 MRE. Key highlights include a 11.05 m intercept in SMD-25-205 with two massive intervals (3.50 m and 5.80 m) and SMD-25-201 which included a 3.00 m massive sulphide interval and a 3.00 m Lower Zone with reported CuEq up to 6.56%. Borehole EM (BHEM) surveys identified a “Super Conductor” off-hole anomaly directing further targeting. Total program to date: 11,928 m drilled across multiple holes with assays pending for select intervals.
NexMetals (TSXV: NEXM; NASDAQ: NEXM) outlined its 2026 technical work programs for the Selebi and Selkirk Cu-Ni-Co-PGE projects in Botswana and confirmed an accelerated CEO transition with Sean Whiteford now CEO. Key 2026 plans include ~30,000 metres of Selebi Main surface drilling with BHEM, additional Selebi North underground development, ongoing metallurgical flowsheet optimization, an updated MRE for Selebi in H2 2026 and Selkirk MRE in H1 2026, and a PEA for Selebi targeted H2 2026 (Selkirk PEA timing contingent on results). 2025 work delivered expanded mineralization, successful bench-scale metallurgical tests producing separate copper and nickel-cobalt concentrates, secured unencumbered title to both assets, and balance sheet strengthening via financings.
NexMetals (TSXV:NEXM, NASDAQ:NEXM) appointed Warwick Morley-Jepson to its board of directors effective January 8, 2026, and named him Co-Chair of a newly formed Safety, Sustainability and Technical Committee alongside Philipa Varris. Mr. Morley-Jepson brings over 40 years of mining experience, including seven years at Kinross Gold where he advanced to Chief Operating Officer, executive roles at Ivanhoe Mines, and seven years on the Wesdome board where he served as chairman and interim CEO. The board said his project development and operations experience will support optimization of NexMetals' Selebi and Selkirk assets.
NexMetals (TSXV:NEXM, NASDAQ:NEXM) received TSX Venture Exchange approval to list 14,035,100 common share purchase warrants issued Nov 17, 2025 from an $80 million public offering. The Warrants are expected to commence trading on the TSXV on Dec 22, 2025 under symbol NEXM.WT.
Each Warrant converts into one common share at an $8.00 exercise price on or before Nov 17, 2027. ISIN: CA65346E1135; CUSIP: 65346E113. Warrants governed by a warrant indenture dated Nov 17, 2025, with Computershare as warrant agent; the indenture is available on SEDAR+.
NexMetals (TSXV: NEXM; NASDAQ: NEXM) announced a CEO succession: effective January 31, 2026 Morgan Lekstrom will step down as CEO and remain on the board, and President Sean Whiteford will become CEO.
During 2025 Mr. Lekstrom led a restructuring, helped raise over $145 million (including conversion of a $20.8 million term loan), and directed part of proceeds to prepay a US$25 million asset‑purchase milestone that secured title to the Selebi and Selkirk assets. The company is advancing deep and expansion drilling and expects initial economic studies for Selebi and Selkirk to be completed in 2026.
NexMetals (TSXV:NEXM, NASDAQ:NEXM) reported assay results from the final three holes of its 2025 metallurgical drill program at Selkirk, Botswana, returning a standout intercept of 231.00 m @ 1.09% CuEq, including 97.00 m @ 1.28% CuEq and 47.90 m @ 1.42% CuEq.
All 2025 assays will be incorporated into an updated Mineral Resource Estimate (MRE). Drill core from eleven 2025 holes now supports metallurgical testing at Blue Coast Research to refine the flowsheet and recoveries. The 2024 MRE cut-off of US$25/t equates to 0.46% CuEq, and several reported intervals lie above that cut-off. Some mineralization was intercepted both within the conceptual pit shell and beneath the current MRE, indicating potential near-surface and depth expansion.
NexMetals (TSXV:NEXM, NASDAQ:NEXM) completed a contingent milestone payment of US$25 million to the BCL Liquidator on December 2, 2025, securing unencumbered title to the Selebi and Selkirk Cu-Ni-Co-PGE assets in Botswana.
The payment followed a recent equity financing that the company says strengthened the balance sheet and provided capital to enable the milestone. With title secured, NexMetals says it can move forward with reduced risk and accelerate technical and operational work programs across both projects.
NexMetals (TSXV: NEXM; NASDAQ: NEXM) announced annual equity incentive awards on November 18, 2025 under its Omnibus Equity Incentive Plan.
The Board approved 332,512 RSUs to officers, employees and consultants (287,512 RSUs at a deemed price of $7.60 reflecting the 90-day VWAP as of November 7, 2025, and a 55% premium to the November 17, 2025 close; plus 45,000 RSUs at a deemed price of $8.80, a 79% premium to the November 17 close). The 287,512 RSUs vest in equal thirds annually; the 45,000 RSUs vest in full at the first anniversary.
The Company also granted 46,600 DSUs to directors at a deemed price of $7.60, payable in cash per the Plan. Further Plan details are available in the Management Information Circular dated April 28, 2025.
NexMetals (TSXV/NASDAQ: NEXM) closed a public offering of Units at C$5.70 per Unit for aggregate gross proceeds of C$80,000,070 on November 17, 2025. Each Unit includes one common share and one warrant exercisable at C$8.00 until November 17, 2027. Condire Investors purchased a lead order and holds approximately 9.9% of common shares post-closing (non-diluted); its warrants contain a blocker to prevent reaching ≥10% on exercise.
EdgePoint purchased 1,578,500 Units (~C$9M) and holds ~17.6% post-closing. Net proceeds are earmarked to prepay the first contingent milestone under the APA for the Selebi and Selkirk mines (planned before end of 2025), advance Botswana exploration and development, and for working capital. Agents received a cash commission of C$4,512,017 (6%). The offering is subject to final TSXV approval and warrants conditional listing.
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