Northwire Canada EditionFriday, July 10, 2026
Sign inSubscribe
Northwire
⌕
S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.04 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.27 +11.9% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.51 +1.2% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0% S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.04 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.27 +11.9% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.51 +1.2% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0%
Drill Results Routine +

NexMetals Intersects 11.15 Metres of Massive Sulphide Mineralization at Selebi Main in Drill Hole SMD-26-212-W1, Expanding the Flexure Zone

NexMetals Drills Into Flexure Zone Continuity as Botswana Copper-Nickel Play Tests Cash Runway Ahead of H2 Resource Update

By The Northwire Desk — AI Analysis Jun 01, 2026 · 07:01 NEXM · 3.95 NexMetals Mining Corp.
Executive Summary
  • NexMetals Mining Corp. reported visual drill results from hole SMD-26-212-W1 at the Selebi Main deposit in Botswana.
  • The hole intersected 11.15 meters of massive sulphide mineralization in the Main Zone, alongside additional semi-massive and disseminated sulphide intervals downhole.
  • Results demonstrate robust continuity and expansion potential beyond the 2024 Mineral Resource Estimate (MRE), specifically targeting the high-amplitude "Flexure Zone".
  • Assays are currently pending validation. The company has drilled 23,965 meters of its planned 30,000-meter surface program, with an updated NI 43-101 MRE expected in the second half of 2026.
Material Impact
  • The news is a routine positive update that aligns with previous high-grade intercepts reported in May and earlier in 2026.
  • It confirms the geological model and validates the BHEM targeting methodology for the Flexure Zone.
  • There is no immediate financial or valuation impact as assays are pending and the results are part of a pre-planned exploration program.
  • The update does not change the company's near-term capital requirements or timeline for the MRE and PEA.
NEXM · Price
Company Overview
  • NexMetals Mining Corp. is a pre-revenue exploration and development company focused on reactivating past-producing copper-nickel-cobalt-platinum group element (Cu-Ni-Co-PGE) assets in Botswana.
  • Flagship projects include the Selebi Mines (underground) and Selkirk Mine (open-pit potential).
  • The company holds unencumbered title to both assets following a US$25 million milestone payment in December 2025.
  • Current resources include 3.0 Mt Indicated and 24.7 Mt Inferred at Selebi, and 44.2 Mt Inferred at Selkirk.
  • Metallurgical testing has demonstrated the ability to produce separate, high-grade saleable copper and nickel-cobalt concentrates, potentially eliminating the need for an on-site smelter.
Read the original news release →

More from NexMetals Mining Corp.

Jun 24, 2026 · 07:01

NexMetals’ indicated resource reaches 1.1 billion pounds of copper equivalent despite a going-concern warning and collapsing share price.

Resource Estimate Jun 04, 2026 · 07:01

NexMetals confirms smelter-ready concentrates at its Selkirk project, though dilution and going concern risks continue to weigh on the stock.

Technical Study May 07, 2026 · 07:05

Drilling Confirms Flexure Zone Continuity as NexMetals Eyes H2 Resource Update Amidst Valuation Compression

Drill Results Apr 27, 2026 · 07:01

NexMetals

Technical Study Apr 01, 2026 · 07:01

Botswana’s Brownfield Revival Gains Momentum as High-Grade Copper-Nickel Intercepts Expand Resource Footprint

Resource Estimate Mar 26, 2026 · 07:01

Advancing high-grade Cu-Ni-Co-PGE assets in Botswana through aggressive resource expansion and metallurgical breakthroughs.

Drill Results