Northwire Canada EditionTuesday, September 15, 2026
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GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8% GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8%
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.

Aug 17, 2026 · 07:01

NexMetals expands the trend with a 450 m step-out, though assays are pending to confirm the evidence.

Drill Results Aug 07, 2026 · 17:16

NexMetals’ Selkirk MRE confirms 70% copper equivalent growth, though a capital raise remains a key overhang for the project.

Resource Estimate Jul 22, 2026 · 07:01

NexMetals reports high-grade massive sulphide intercepts at Selebi Main, extending a kilometre-scale trend and validating resource expansion potential.

Drill Results 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