NEXMETALS MINING CORP. Stock Price, News & Analysis

NexMetals Mining (NASDAQ:NEXM) has announced significant drill results from its Selkirk Mine in Botswana, a past-producing Cu-Ni-Co-PGE deposit. The highlights include drill hole SMET-25-003 which intercepted 201.30 metres of 0.91% CuEq, including 158.75 metres of 1.00% CuEq, and SMET-25-002 with 85.00 metres of 0.98% CuEq.

The results are part of a 12-hole metallurgical drilling program, with these first two holes demonstrating consistent mineralization and expansion potential. Notably, mineralization was found outside the current Mineral Resource Estimate but within the conceptual pit shell, suggesting potential for near-surface expansion with a low strip ratio. The current cut-off grade of 0.46% CuEq (US$25.00 per tonne NSR) indicates potential mining viability for the intercepted zones.

NexMetals Mining Corp. (NASDAQ: NEXM) has achieved a significant metallurgical breakthrough at its Selebi Mines in Botswana. The company can now produce two separate high-grade saleable concentrates: a copper concentrate with 27.6% Cu and 87.0% recovery, and a nickel-cobalt concentrate with 10.5% Ni, 0.59% Co, and respective recoveries of 55.9% and 64.7%.

This advancement eliminates the need for an on-site smelter or hydrometallurgical facility, potentially reducing capital requirements and operational complexity. The new flowsheet design offers lower energy requirements and a reduced environmental footprint compared to historical operations. Blue Coast Research conducted the testing using conventional metallurgical processes, with further optimization expected through ongoing mineralogical studies.

NexMetals Mining (TSXV: NEXM) has announced significant re-assay results from its ongoing 34-hole resampling program at the past-producing Selkirk Mine in Botswana. The program revealed notable intercepts including 107.0 metres of 0.94% CuEq (including 91.00 metres of 0.99% CuEq) in hole DSLK129 within the current mineral resource estimate (MRE), and 123.1 metres of 0.47% CuEq in hole DSLK130 outside the MRE but within the conceptualized pit shell.

The results demonstrate potential for deposit expansion, particularly as historical drill holes were inconsistently analyzed for Platinum Group Elements (PGEs). The current cut-off of US $25.00 per tonne net smelter return translates to 0.46% CuEq, suggesting any material above this grade could be potentially mined.

NexMetals Mining (NASDAQ:NEXM) has reported significant drilling results from the Selebi North Underground deposit, with drill hole SNUG-25-189 intersecting high-grade mineralization. The key intersections include 4.90 metres of 4.39% CuEq (0.73% Cu, 1.77% Ni) in the South Limb and 19.40 metres of 3.93% CuEq (1.05% Cu, 1.40% Ni) in the N2 Limb, including 13.55 metres of 4.02% CuEq.

The results confirm mineralization continuity at greater depths, extending beyond the 2024 resource limits. Ongoing drilling aims to evaluate the strike extent, with pending results from SNUG-25-191 and SNUG-25-192 currently in progress. The drilling program demonstrates consistent high-grade copper, nickel, and cobalt mineralization, suggesting potential for further resource expansion.

NexMetals Mining (NASDAQ: NEXM) has announced successful results from its borehole electromagnetic (BHEM) surveys at the Selkirk Mine in Botswana, a past-producing copper-nickel-cobalt-platinum group elements site. The company completed 3,903 metres of drilling across 12 holes, plus an additional 522 metres in three holes testing VTEM targets.

The BHEM surveys, conducted on 14 of 15 drill holes, revealed anomalies correlating with massive or semi-massive sulphide mineralization. Notably, two VTEM drill holes intersected massive and disseminated sulphides along the same geological horizon as the Selkirk deposit. The Selkirk mineralization features disseminated sulphides with average thickness exceeding 100 metres, containing narrow intervals of massive sulphides.

NexMetals Mining Corp. (NASDAQ: NEXM) reported significant drill results from the Selebi North Underground deposit, with drill hole SNUG-25-186 intersecting 16.25 metres of 3.06% CuEq, including 6.45 metres of 5.28% CuEq. The results extend the South Limb mineralization 315 metres down-plunge beyond the 2024 Mineral Resource Estimate, representing a 35% expansion of the down-plunge extent.

The high-grade intercepts include substantial copper and nickel content, with the best intersection showing 2.30% Cu and 1.44% Ni. This follows previous results from SNUG-25-184, which intercepted 13.50 metres of 3.68% CuEq. The Company continues drilling to test the strike extent of the new mineralization, with additional results pending from other drill holes.

NexMetals Mining (NASDAQ:NEXM) has reported promising initial results from bulk test work using X-ray transmission (XRT) ore sorting at its Selebi Mine in Botswana. The technology demonstrated a 15.2% head grade increase and achieved 98% recovery rates for both copper and nickel.

Key technical achievements include an overall mass reduction of 15.2%, upgrade factors of 1.15 for both copper and nickel, and significant waste reduction. The process successfully separated high-density ore from lower-density waste, with copper and nickel grades upgraded by factors of 1.34 within the sorting process.

The company has initiated additional XRT trials at IMS Engineering in South Africa, focusing on reducing fines production and evaluating pre-concentration potential for the Selkirk project. These improvements could lead to reduced operating costs, water usage, and improved carbon footprint.

NexMetals Mining Corp. (NASDAQ: NEXM) has appointed Philipa Varris to its Board of Directors, following Norman MacDonald's retirement. Varris brings over 25 years of ESG leadership experience in the mining sector across Africa, Australasia, and Latin America. She currently serves as Head of Sustainability and Impact at Oryx Global Partners Limited and will chair NEXM's Sustainability Committee.

Varris's distinguished career includes recognition with the Australian Centenary Medal and being named among Women in Mining's 100 Global Inspirational Women. She holds a Master of Science in Natural Resources and is an AusIMM Chartered Environmental Professional. The Board maintains eight directors following this transition.

NexMetals Mining (NASDAQ: NEXM) has received a non-binding letter of interest from the Export-Import Bank of the United States (EXIM) for potential financing of up to US$150 million with a 15-year repayment term. The funding would support the re-development of NEXM's Selebi and Selkirk nickel-copper-cobalt-platinum group metal mines in Botswana.

The project may qualify for special consideration under EXIM's China and Transformational Exports Program (CTEP). The letter indicates U.S. government's strategic interest in supporting critical metals projects in Botswana, though it requires further due diligence and processing before a final commitment.