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) 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.
NexMetals Mining (NASDAQ: NEXM) has announced significant drill results from its Selkirk Mine in Botswana, highlighting substantial Cu-Ni-Co-PGE mineralization. The key result comes from drill hole SMET-25-004, which intercepted 210 meters of 1.06% CuEq, including 74 meters of 1.28% CuEq. Additionally, SMET-25-001 showed promising near-surface mineralization starting at 13 meters depth.
The results demonstrate continuous mineralization outside the current Mineral Resource Estimate (MRE) and within the conceptual pit shell, suggesting potential for deposit expansion. With a current cut-off grade of 0.46% CuEq ($25.00/tonne NSR), these high-grade intercepts significantly exceed the economic threshold for potential mining.
These findings represent the latest results from a 12-hole metallurgical drilling program, with more assays pending release.
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.
Selected samples are currently undergoing variability testing and flowsheet optimization at Blue Coast Research labs in British Columbia.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.
[ "Strong mineralization confirmed with 107.0 metres of 0.94% CuEq within the MRE", "Additional mineralization discovered outside MRE but within pit shell showing expansion potential", "Near-surface mineralization supports potential for open-pit development", "PGE values previously untested show promise for resource expansion" ]FAQ
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