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 Mining (NEXM) increased Selebi North’s indicated mineral resources to 8.95 million tonnes in an updated estimate effective October 16, 2026. Tonnage rose 198% from 2024, with copper grading 1.03% and nickel 1.08%. Indicated resources have greater geological confidence than inferred resources. Selebi North’s inferred resources increased 63% to 9.48 million tonnes, grading 1.21% copper and 1.13% nickel.
Combined Selebi North and Main inferred resources reached 41.95 million tonnes, up 70%, containing 2,255 million pounds of copper equivalent, a measure combining metal content. Combined inferred copper grade fell 3%, while nickel grade rose 10%. New drilling suggests a potential connection between the deposits. NexMetals is allowing additional time for Selebi’s preliminary economic assessment to assess resource geometry and restart options; it also engaged DRA Global for a Selkirk assessment.
NexMetals Mining (NEXM) increased its Selebi Main inferred mineral resource estimate to 32.47 million tonnes, approximately 72% above the 2024 estimate. Effective September 28, 2026, the estimate grades 1.53% copper, 0.98% nickel and 0.05% cobalt. Contained copper rose 55% to 495,400 tonnes and contained nickel rose 91% to 316,800 tonnes. Cobalt is included for the first time, at 16,200 contained tonnes; total copper equivalent is 1,772 million pounds.
New Flexure Zone drilling accounts for 91% of the tonnage increase. Copper grade declined from 1.69%, while nickel grade increased from 0.88%. Selebi North's updated estimate remains pending and is excluded, as is step-out drilling completed after the data cutoff. NexMetals expects Selebi North results in the near term and will provide next-step guidance after completion. Cash was approximately $10.5 million at September 30.
NexMetals Mining (NEXM) reported new Selebi Main drill results and trend extensions in Botswana on September 23, 2026.
Drill hole SMD-26-219 returned 7.55 metres grading 6.48% CuEq (2.70% Cu, 1.83% Ni) within a 13.50 metre Lower Zone interval grading 4.21% CuEq, confirming another thick, high-grade massive sulphide intersection. Together with prior hole SMD-26-213 (7.45 metres at 5.69% CuEq), this supports a laterally and vertically extensive Lower Zone.
Hole SMD-26-217 visually intersected three mineralized zones totaling 38.65 metres of disseminated to massive sulphides and extended the interpreted High-Grade Trend by about 100 metres, bringing it to approximately 1.5 kilometres; assays are pending. Borehole EM data indicate the High-Grade Trend continues beyond SMD-26-217, and the 2026 Mineral Resource Estimate remains on track for completion in Q3 2026.
NexMetals (TSXV/Nasdaq: NEXM) reported visual drill results from hole SMD-26-219 at the Flexure Zone of the Selebi Main deposit in Botswana. The hole intersected multiple thick intervals of semi-massive and massive sulphides, extending the emerging high-grade mineralized trend by about 450 metres to a total interpreted strike length of roughly 1.45 kilometres, all outside the 2024 Mineral Resource Estimate (2024 MRE).
SMD-26-219 cut a 20.0 m mineralized Main Zone interval and a Lower Zone interval of 7.55 m, including 6.60 m dominated by massive sulphides, correlating with mineralization in hole SMD-26-213 located 175 metres along strike. Borehole EM (BHEM) indicates conductors continuing down-dip and down-plunge toward Selebi North. Assays for SMD-26-219 are pending. NexMetals confirmed that the 2026 MRE remains on track for Q3 2026 but will not include this hole due to the July 31 resource cut-off. The company also adopted an advance notice policy governing director nominations to enhance corporate governance.
NexMetals Mining (TSXV/NASDAQ: NEXM) has filed an independent NI 43-101 technical report for the June 22, 2026 Mineral Resource Estimate on its Selkirk nickel-copper-PGE project in Botswana. The 2026 MRE defines an Indicated Mineral Resource of 78.2 million tonnes grading 0.66% CuEq, containing about 1.1 billion pounds of copper equivalent, and an Inferred Mineral Resource of 15.1 million tonnes grading 0.60% CuEq, with roughly 200 million pounds of copper equivalent.
According to NexMetals, the 2026 MRE increases Selkirk’s CuEq metal inventory by approximately 70% and converts a substantial portion of resources from Inferred to Indicated, based on re-assaying and twin drilling. Resources are reported within an optimized pit shell at a US$25/t NSR cut-off, with no Mineral Reserves defined.
NexMetals Mining (TSXV/NASDAQ: NEXM) reported new assay results from four drill holes (SMD-26-210, 212-W1, 213, 214) in the Flexure Zone of the Selebi Main deposit in Botswana. According to NexMetals, wedge hole SMD-26-212-W1 intersected 11.15 metres grading 7.65% CuEq (3.09% Cu, 2.21% Ni) in the Main Zone, one of the strongest massive sulphide intervals drilled at Selebi Main to date.
All four holes intersected sulphide mineralization, contributing to a mineralized trend now exceeding one kilometre in strike length that remains open. Borehole EM anomalies indicate continuation north of current drilling. The surface program has completed 29,734 metres to date, and the 2026 Mineral Resource Estimate for Selebi remains on track for completion in Q3 2026, supported by a new 3D geological and structural model being developed with TECT Geological Consulting.
NexMetals (TSXV:NEXM, NASDAQ:NEXM) reported a 2026 Mineral Resource Estimate for the Selkirk copper-nickel-PGE project in Botswana. Indicated resources total 78.2 Mt at 0.66% CuEq, or about 1.1 billion lbs CuEq, plus 15.1 Mt at 0.60% CuEq (about 200 million lbs CuEq) in Inferred resources.
The update increases contained CuEq metal by roughly 63% versus 2024, driven by better metallurgical recoveries, inclusion of cobalt, silver and gold as payable metals, and expanded datasets. The open-pit strip ratio fell from 1.65:1 to 1.02:1. NexMetals plans an NI 43-101 technical report within 45 days and will evaluate options including partnerships, a spin-out or advancing economic studies.
NexMetals (TSXV/NASDAQ: NEXM) reported final analytical results from its Selkirk Mine metallurgical test program in Botswana.
The copper and nickel concentrates achieved grades of 30.8% Cu and 10.8% Ni, with deleterious elements well below industry penalty thresholds and meeting commercial smelter specifications, supporting potential low-capital restart options and integration into a new mineral resource estimate expected in Q2 2026.
NexMetals (TSXV/NASDAQ:NEXM) reported new visual drilling results from the Selebi Main Flexure Zone in Botswana. Key hole SMD-26-212-W1 intersected 11.15 metres of massive sulphides in the Main Zone plus additional sulphide zones. Holes SMD-26-210 and SMD-26-213 also intersected massive and disseminated sulphides in Main and Lower Zones. A total of 23,965 metres of surface drilling has been completed toward a 30,000 metre program. Assays are pending for all highlighted intervals, with an updated Mineral Resource Estimate targeted for the second half of 2026.
NexMetals (TSXV:NEXM, NASDAQ:NEXM) reported the results of its 2026 Annual General Meeting held May 27, 2026. All resolutions in the April 23, 2026 circular were approved, including director elections, auditor re-appointment and the Omnibus Equity Incentive Plan.
Following the meeting, the company granted 153,100 deferred share units to directors at a deemed price of $4.55 per DSU, based on the 90-day volume weighted average price on the TSX Venture Exchange as of May 21, 2026.