Every 10-Q that NexMetals Mining Corp. (NEXM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NEXM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NEXM filings page.
NexMetals Mining Corp. is an exploration-stage company focused on the Selebi and Selkirk Cu-Ni-Co(-PGE) projects in Botswana and reported unaudited results for the three and six months ended June 30, 2026. The company has no revenue and recorded a net loss of $11.9 million for the quarter and $22.5 million for the first half of 2026, compared with $15.1 million and $30.3 million in the prior-year periods.
Cash and cash equivalents declined to $17.0 million from $39.8 million at December 31, 2025, driven by net cash used in operating activities of $21.1 million in the first half. Total assets fell to $70.7 million from $98.5 million, while shareholders’ equity decreased to $61.7 million as the accumulated deficit expanded to $228.6 million. Exploration and evaluation assets remained substantial at $43.0 million, reflecting continued investment in the Botswana mines.
The company states it is dependent on external financing to fund its activities and has not yet achieved profitable operations. Management discloses that material uncertainties related to ongoing losses and financing needs cast substantial doubt on NexMetals’ ability to continue as a going concern, although recent financings are expected to support planned work and corporate costs into late 2026.
NexMetals Mining Corp. reported a net loss of $10.6 million for the quarter ended March 31, 2026, reflecting ongoing spending on its Botswana copper-nickel projects and corporate costs. Total comprehensive loss was $12.1 million. The company generated no revenue and remains in the exploration stage.
Cash and cash equivalents were $26.2 million, down from $39.8 million at December 31, 2025, after using $12.2 million in operating cash and $0.8 million in investing cash during the quarter. Total assets declined to $81.1 million, mainly due to lower cash and foreign currency translation on exploration assets and equipment.
General exploration expenses rose to $7.7 million, driven largely by Selebi Main drilling and site activities. Management highlights that the company is dependent on external financing, with material uncertainties that cast substantial doubt on its ability to continue as a going concern, even as it advances drilling, technical studies and early project economics at the Selebi and Selkirk mines.
NexMetals Mining Corp. filed its Q3 report for the period ended September 30, 2025. The company remains pre‑revenue and recorded a net loss of $16.0M for the quarter and $46.3M year‑to‑date. Cash and cash equivalents were $14.1M, with total assets of $34.0M and total liabilities of $12.4M. Shareholders’ equity shifted to a positive $21.6M, driven by equity financings and debt conversion.
The company converted a term loan into equity in March 2025, recognized a $6.0M loss on extinguishment, and raised private placement funds. A new mortgage of $1.41M (BWP 13.68M) was secured for the Syringa Lodge. Exploration expenses totaled $10.7M in Q3 ($27.1M YTD), and a $0.50M impairment was recorded related to Phikwe South and Southeast Extension. The filing includes a going concern note citing continued losses and the need for additional financing. As of November 13, 2025, 21,455,608 Common Shares were issued and outstanding.
Subsequent to quarter‑end, the company announced an upsized offering for gross proceeds of up to $80,000,070 to fund the Selebi APA second installment and near‑term operations.
NexMetals Mining Corp. (NEXM) reported continued exploration-stage losses while completing a material recapitalization that strengthened its balance sheet. The company recorded a net loss of $15.09 million for Q2 2025 and $30.32 million for the six months ended June 30, 2025, driven by $16.47 million of exploration spending and higher depreciation and administrative costs. Cash and short-term deposits rose to $26.46 million at June 30, 2025 from $6.11 million at year-end 2024 after a $46.0 million private placement and the conversion of a $20.88 million term loan to equity in March 2025. Total assets increased to $47.05 million and shareholders' equity moved to a positive $36.56 million from a prior deficiency. The company remains exploration-stage, has a $34.11 million contractual second instalment under the Selebi APA due by January 31, 2026, and discloses material uncertainties about its ability to continue as a going concern.