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 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.
[ "Appointment of highly experienced ESG leader with 25+ years in mining sector", "New director brings strong sustainability credentials and international experience", "Maintains board independence with Varris serving as independent director" ]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.
NexMetals Mining Corp. (NASDAQ: NEXM) has announced its uplisting to the Nasdaq Stock Market, with trading commencing on July 16, 2025 under the symbol "NEXM". The company will maintain its listing on the TSX Venture Exchange under the same symbol, while discontinuing its quotation on the OTC Pink Markets.
CEO Morgan Lekstrom highlighted this uplisting as a transformative milestone in the company's growth strategy, emphasizing its potential to enhance long-term shareholder value and strengthen global presence for future strategic partnerships.