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 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.
NexMetals (TSXV:NEXM, NASDAQ:NEXM) increased its previously announced "best efforts" public offering from C$65.0 million to C$80.0 million due to strong institutional demand, representing a second upsizing.
The amended Offering will consist of up to 14,035,100 Units (one common share plus one warrant each), with no over-allotment option. Each warrant is exercisable for 24 months at C$8.00. Agents will receive a cash fee equal to 6% of gross proceeds (reduced to 2% for certain president's list sales up to C$7.0 million).
Net proceeds are planned to prepay a contingent milestone under the Asset Purchase Agreement for the Selebi and Selkirk mines prior to end-2025, advance exploration and development in Botswana, and for working capital. Closing is expected on or about November 13, 2025, subject to approvals.
NexMetals (TSXV:NEXM, Nasdaq:NEXM) launched a "best efforts" public offering of up to 11,403,509 Units at C$5.70 per Unit for aggregate gross proceeds up to C$65 million, upsized from C$50 million due to strong demand. Each Unit includes one common share and one warrant exercisable at C$8.00 for 24 months. Net proceeds are earmarked to prepay a contingent milestone under the Asset Purchase Agreement for Selebi and Selkirk (planned before end of 2025), advance Botswana exploration and development, and for working capital. Closing expected on or about November 13, 2025.
NexMetals (TSXV:NEXM, NASDAQ:NEXM) announced final concentrate assay results from a bulk-sample metallurgical program at Selebi Mines on October 22, 2025. Tests produced two separate, high-grade, saleable concentrates that meet industry smelter acceptance criteria with very low deleterious elements. Key assay highlights include a copper concentrate at 27.772% Cu and a nickel concentrate at 10.593% Ni, plus elevated payable precious metals (Ag 47.5 g/t Cu conc.). Results support a lower-capital restart pathway without onsite smelting and next steps target reducing nickel losses and completing variability testing to optimize recoveries.
NexMetals (TSXV:NEXM / NASDAQ:NEXM) announced on October 10, 2025 that it has completed a legal continuance from the Province of Ontario into the Province of British Columbia under the Business Corporations Act (British Columbia) (BCBCA).
Shareholders approved the continuance at the annual and special meeting on June 3, 2025. As part of the move, the company replaced its articles and bylaws with new notice of articles and articles under the BCBCA. The company's CUSIP/ISIN and trading symbol NEXM remain unchanged.
NexMetals (TSXV: NEXM, NASDAQ: NEXM) released assays from four additional holes of its 2025 metallurgical drilling program at the Selkirk Cu-Ni-Co-PGE mine in Botswana on October 7, 2025. Key intercepts include 219.0 m @ 1.03% CuEq (from 47.0 m) and 157.0 m @ 1.21% CuEq (included), plus 66.35 m @ 1.17% CuEq in a second hole. Several wide intervals start near surface (e.g., 48.0 m @ 0.57% CuEq from 47.0 m), supporting open-pit potential and a low strip ratio. Current MRE cut-off of US$25/t NSR equals 0.46% CuEq; some reported intervals lie outside the existing MRE but within the conceptual pit shell, indicating expansion potential. Additional assays and metallurgical testwork from the 2025 program will be released ongoingly.
NexMetals Mining (NASDAQ:NEXM) has announced significant drilling results at its Selebi North Underground project, intersecting 32.60 metres of continuous mineralization, including 19.90 metres of massive sulphide across five sub-intervals. The new drill hole, SNUG-25-194, successfully bridges mineralization between two major step-out holes, with true thickness estimated at 60-65%.
The company plans to conduct borehole electromagnetic surveys to characterize conductive trends and confirm continuity. These results will be incorporated into an updated Mineral Resource Estimate (MRE), potentially expanding the resource envelope. The intersection represents the thickest interval of mineralization in NEXM's 2025 resource expansion program.