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NexMetals Reports Metallurgical Results Confirming Separate High Grade Saleable Cu-Ni-PGE Concentrates and Demonstrating Improved Recoveries at Selkirk

NexMetals

By The Northwire Desk — AI Analysis Apr 27, 2026 · 07:01 NEXM · 3.16 NexMetals Mining Corp.
Executive Summary

Executive Summary of April 27, 2026 Release

  • NexMetals Mining Corp. announced initial Locked Cycle Test (LCT) results from its Selkirk Project in Botswana.
  • Results demonstrate a validated processing pathway to produce separate copper and nickel concentrates.
  • Metallurgical improvements include a 16% increase in copper recovery and a 60% jump in nickel concentrate grade compared to the 2024 Mineral Resource Estimate (MRE).
  • The company is evaluating additional metals including PGEs, gold, cobalt, and silver which were not comprehensively assayed historically.
  • An updated Mineral Resource Estimate (MRE) for Selkirk is expected in Q2 2026.
Material Impact

Evaluation of News Impact

  • The news confirms technical viability for separate concentrate production, reducing the need for an on-site smelter and lowering capital intensity.
  • Improved recoveries and grades directly enhance project economics and potential Net Smelter Return (NSR).
  • Identification of PGE credits adds incremental value to the Selkirk resource model which is currently being updated.
NEXM · Price
Company Overview

Corporate Profile

  • NexMetals Mining Corp. is a Canadian mining company focused on reactivating past-producing copper-nickel-cobalt-PGE mines in Botswana.
  • Projects include Selebi Mines (Underground) and Selkirk Mine (Open-pit potential).
  • Jurisdiction: Republic of Botswana, considered a tier-one mining jurisdiction with stable political environment.
Read the original news release →

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