New NexMetals (NEXM) Selebi drill hole extends Flexure Zone mineralization
Rhea-AI Filing Summary
NexMetals Mining Corp. filed a report highlighting new visual drilling results from its Selebi Main copper-nickel project in Botswana. Drill hole SMD-26-209 intersected a 10.5 metre mineralized interval from 1,768.65 to 1,779.15 metres, including two thick zones of massive sulphides measuring 3.05 metres and 5.95 metres.
The hole targets the emerging Flexure Zone, located down-dip and down-plunge of the 2024 mineral resource estimate, and lies roughly 350 metres from prior high-grade hole SMD-25-205. Management views the strong, continuous sulphide intervals as evidence of a robust, laterally extensive system, though they stress these are visual observations only and await assay results.
Positive
- None.
Negative
- None.
8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
| N/A | ||
| (Commission File Number) | (IRS Employer Identification No.) | |
| (Address of principal executive offices) | (Zip Code) |
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure. |
On March 26, 2026, NexMetals Mining Corp. (the “Company”) issued a news release reporting visual results from part of its ongoing surface drilling program at the Selebi Main deposit in Botswana. A copy of this press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference. The Company undertakes no obligation to update, supplement or amend the materials attached hereto as Exhibit 99.1.
Cautionary Statements to Investors on Reserves and Resources
The news release furnished herewith uses the terms “mineral resources”, “indicated mineral resources” and “inferred mineral resources” as such terms are defined under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). NI 43-101 is a rule developed by the Canadian Securities Administrators, which establishes standards for all public disclosure a Canadian issuer makes of scientific and technical information concerning mineral projects.
On October 31, 2018, the SEC adopted new mining disclosure rules (“S-K 1300”) that are more closely aligned with current industry and global regulatory practices and standards, including NI 43-101, with which we comply because we are also a “reporting issuer” under Canadian securities laws. While S-K 1300 is more closely aligned with NI 43-101 than the prior mining disclosure rules of the Securities and Exchange Commission, there are some differences. Accordingly, there is no assurance any mineral resources that the Company may report as “indicated mineral resources” and “inferred mineral resources” under NI 43-101 will be the same as the reserve or resource estimates prepared under S-K 1300. Investors should not assume that any part or all of indicated mineral resources or inferred mineral resources will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater amount of uncertainty as to their existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume that any “indicated mineral resources”, or “inferred mineral resources” on the Company’s projects are or will be economically or legally mineable. Further, “inferred resources” have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, investors are also cautioned not to assume that all or any part of the inferred resources exist. In accordance with Canadian rules, estimates of “inferred mineral resources” cannot form the basis of feasibility or other economic studies, except in limited circumstances where permitted under NI 43-101.
The information in this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Exchange Act or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release dated March 26, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEXMETALS MINING CORP. (Registrant) | ||
| By: | /s/ Brett MacKay | |
| Brett MacKay | ||
| Chief Financial Officer | ||
Date: March 26, 2026
Exhibit 99.1
NexMetals Intersects 10.50 Metres of Sulphide Mineralization at Selebi Main in Drill Hole SMD-26-209, Expanding the Flexure Zone
Vancouver, British Columbia, March 26, 2026 – NexMetals Mining Corp. (TSXV: NEXM) (Nasdaq: NEXM) (“NEXM” or the “Company”) is pleased to report visual results from drill hole SMD-26-209, part of its ongoing surface drilling program targeting the emerging Flexure Zone (“Flexure Zone”) at the Selebi Main deposit in Botswana (see Figure 1). Drill core photos from hole SMD-26-209 are presented in Figure 2. Drilling continues to intersect strong zones of sulphide mineralization outside of the 2024 Mineral Resource Estimate (“2024 MRE”), reinforcing the scale and continuity of the Selebi system.
Highlights:
What You Need to Know: Strong Visual Intercept from SMD-26-209
| ● | Drill hole SMD-26-209 intersected a 10.50 metre interval of blebby, stringer and massive sulphides, including: |
| ◌ | 3.05 metres of massive sulphides; and | |
| ◌ | 5.95 metres of massive sulphides |
| ● | Assays are pending and will be reported once received and validated. |
What Does This Mean?
| ● | Visual results from SMD-26-209 are consistent with SMD-25-205 (11.05 metres of 7.31% CuEq, see news release dated February 26, 2026), located 350 meters to the northeast, demonstrating expansion potential within the Flexure Zone, extending down-dip and down-plunge from Selebi Main. |
| ● | The presence of thick, continuous massive sulphide intervals in holes spaced more than 300 meters apart supports the Company’s interpretation of a robust and laterally extensive mineralized system at Selebi Main. |
The combination of massive, blebby and stringer sulphides indicate a strong sulphide system with potential for scale, particularly when integrated with ongoing borehole electromagnetic (“BHEM”) targeting.
Sean Whiteford, CEO and Director of the Company, commented: “Hole SMD-26-209 continues to demonstrate thick intervals of massive sulphide mineralization beyond the current mineral resource footprint. Step-out drilling within the emerging Flexure Zone is not only highlighting expansion potential, but also validating our BHEM targeting, with mineralization consistently intersected where modeled. These results point to potential for increased thickness at depth, which could have positive implications for project economics. With several additional holes in progress targeting this zone, we look forward to further defining the extent and characteristics of the Flexure Zone. The visual results alone highlight the strength of the system, and we look forward to validating these observations with assays.”
Figure 1: Long section of Selebi Mines highlighting drill hole SMD-26-209 location relative to the 2024 MRE and the expansion of the Flexure Zone. The Inferred Resource reference in Figure 1 is presented in accordance with NI 43-101, which may not be identical to Inferred Resource references under SK-1300.
| 1 |
Figure 2: SMD-26-209 Core photos.
Detailed Drilling and BHEM Information
SMD-26-209 was completed to 1,861.9 metres and intersected a 10.5 metre interval of mineralization from 1,768.65 metres to 1,779.15 metres. The mineralized zone is comprised of blebby, stringer and massive sulphides and includes two intervals of massive sulphides with thicknesses of 3.05 metres and 5.95 metres. The mineralized interval is characterized by pyrrhotite-rich massive sulphides with visible chalcopyrite, along with magnetite and minor amphibolite inclusions.
SMD-26-209 is the most recent Selebi Main Expansion drillhole that defines the newly emerging “Flexure Zone”. SMD-26-209 is located 350 metres UTM southwest of SMD-25-205 (11.05 metres of 7.31% CuEq, 3.00% Cu and 2.09% Ni) and 345 metres UTM northwest of SMD-26-208 that intersected three zones of sulphide mineralization (see news release dated February 26, 2026).
This Flexure Zone is located down-dip and down plunge of the 2024 MRE and was discovered by the follow-up of drilling and BHEM results in SMD-25-201 and subsequent drill holes. SMD-25-201 was the first hole that targeted large BHEM plates at the southernmost extent of the gap between the Selebi Main and Selebi North deposits (see news release dated February 26, 2026).
| 2 |
To date, a total of 19,130 metres in 8 completed holes, 1 hole extension, 3 abandoned holes and 3 in-progress holes have been completed as part of the surface drilling program. Drill hole collar details are provided in Table 1 below.
Table 1: 2026 Surface Drilling Collar Information
| HOLE ID | UTM East | UTM North | Elevation | Dip | True North Azimuth | Hole Length | Comment | |||||||
| SMD-26-209 | 582465.3 | 7563469.4 | 908.0 | -74.5 | 100.2 | 1861.9 |
Qualified Person
All scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, V.P. Exploration of the Company, MSc, P.Geo, and a “qualified person” for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.
Quality Control
The program is being executed using three company-owned underground Zinex U5 drills which were converted into surface A5 drills, and a Marcotte HTM2500 drill purchased by the Company capable of drilling to depths of 2,550 metres (NQ core).
Drill core samples are either NQ (47.75 mm diameter) or BQ (36.40 mm diameter). All samples are ½ core samples cut by a diamond saw on site and the remaining half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Geochemistry in Johannesburg, South Africa. Commercially prepared Blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23).
Holes are numbered as follows: SMD (Selebi Main Deposit) + year + hole number starting at 201.
BHEM Surveys
The BHEM surveys at Selebi utilize the Crone PEM system operated by local Botswana staff. Survey data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been collected using timebases between 50 and 1000ms (0.25 Hz to 5 Hz). The data has been processed to a calculated residual step response to better quantify the conductive sources. This added processing has proven to be highly valuable because of the size of the highly conductive mineralized system.
Technical Report
The 2024 MRE on the Selebi Mines is supported by the technical report entitled “Technical Report, Selebi Mines, Central District, Republic of Botswana” dated September 20, 2024 (with an effective date of June 30, 2024) (the “Selebi Technical Report”),and the technical report summary entitled “S-K 1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana, Premium Resources Ltd.” dated December 17, 2024 (with an effective date of June 30, 2024) (the “Selebi Technical Report Summary”), each prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and is available on SEDAR+ (www.sedarplus.ca) and the Selebi Technical Report Summary, which was prepared in accordance with Subpart 1300 of Regulation S-K and is available in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) on EDGAR (www.sec.gov), in each case, under NEXM’s issuer profile.
| 3 |
About NexMetals Mining Corp.
NexMetals Mining Corp. is a TSX.V and NASDAQ listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana. NexMetals has confirmed the scale of mineralization is larger than historical estimates, supported by NI 43-101- and Regulation S-K 1300-compliant resource estimates, with ongoing down-hole geophysics, drilling, and metallurgical programs aimed at expanding resources and supporting future economic studies. The Company is led by an experienced management and technical team with a proven track record in global mineral projects, emphasizing disciplined execution, transparent governance, and long-term stakeholder value creation.
For further information about NexMetals Mining Corp., please contact:
Sean
Whiteford
CEO and Director
info@nexmetalsmining.com
1-833-770-4334
Follow Us
X: https://x.com/NexMetalsCorp
LinkedIn:
Facebook: https://www.facebook.com/NexMetalsMiningCorp
Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States federal securities laws and “forward-looking information” within the meaning of applicable securities legislation (collectively, “forward-looking information”) based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward looking information includes, but is not limited to, the Company reporting assay results for Drill hole SMD-26-209 when they become available and the anticipated results; the expected scale and continuity of the Selebi system; the Company’s interpretation of a robust and laterally extensive mineralized system at Selebi Main; the Company’s belief in a strong sulphide system with potential for scale; and the expansion potential within the Flexure Zone which could have positive implications for project economics. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of drilling and metallurgical test results; metallurgical results differing from the Company’s estimates; the ability of exploration results to predict mineralization; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s filings with the U.S. SEC on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.ca), in each case, under NEXM’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
| 4 |
FAQ
What did NexMetals Mining Corp. (NEXM) announce about drill hole SMD-26-209?
NexMetals reported visual results from drill hole SMD-26-209 at the Selebi Main deposit in Botswana. The hole cut a 10.5 metre mineralized interval with significant massive sulphide sections, supporting the presence of a strong sulphide system within the emerging Flexure Zone at depth.
Where is NexMetals’ new mineralization at Selebi Main located relative to existing resources?
The SMD-26-209 intercept lies within the Flexure Zone, positioned down-dip and down-plunge from the 2024 mineral resource estimate at Selebi Main. It is about 350 metres from earlier hole SMD-25-205, helping extend mineralization beyond the current modeled resource footprint.
How significant is the sulphide mineralization reported by NexMetals (NEXM) in SMD-26-209?
The company describes a 10.5 metre interval comprising blebby, stringer and massive sulphides, including massive sulphide zones of 3.05 and 5.95 metres. Management believes these thick, continuous intervals suggest a robust and laterally extensive sulphide system at Selebi Main.
Are the Selebi Main drill results from NexMetals supported by NI 43-101 and S-K 1300 reports?
Yes. The 2024 mineral resource estimate for the Selebi Mines is documented in a NI 43-101 technical report and an S-K 1300 technical report summary. Both were prepared by SLR Consulting, supporting NexMetals’ disclosure framework for its Selebi Main drilling program.
How much drilling has NexMetals completed in its 2026 Selebi surface program so far?
NexMetals reports completing 19,130 metres of surface drilling in 8 finished holes, 1 hole extension, 3 abandoned holes and 3 holes in progress. This work is focused on expanding mineralization around Selebi Main, particularly within the emerging Flexure Zone.
Does NexMetals’ new Selebi Main update include assay results for SMD-26-209?
No. The company emphasizes that the current disclosure covers visual observations only from SMD-26-209. Management highlights strong massive sulphide intervals and expansion potential but notes that analytical assay results will be reported separately when available.
Filing Exhibits & Attachments
7 documents