Northwire Canada EditionFriday, November 6, 2026
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Gold 4,113.50 +1.0% Silver 52.38 +0.2% Copper 6.21 −3.4% Oil 90.52 +2.7% Palladium 1,034.00 +3.1% GRZ 5.25 −8.7% TNGD 5.20 +2.0% IMG 24.46 −0.1% III 6.05 −2.6% SCMI 0.900 −5.3% TSK 0.810 −1.2% MEK 0.040 +0.0% GAU 2.99 +2.0% SVM 11.69 −3.5% NGEX 20.70 −4.6% WPM 185.96 +1.2% ETG 2.58 −7.9% CG 29.87 −0.2% EMO 0.190 −2.6% TUF 0.660 −5.7% APMI 0.095 −13.6% Gold 4,113.50 +1.0% Silver 52.38 +0.2% Copper 6.21 −3.4% Oil 90.52 +2.7% Palladium 1,034.00 +3.1% GRZ 5.25 −8.7% TNGD 5.20 +2.0% IMG 24.46 −0.1% III 6.05 −2.6% SCMI 0.900 −5.3% TSK 0.810 −1.2% MEK 0.040 +0.0% GAU 2.99 +2.0% SVM 11.69 −3.5% NGEX 20.70 −4.6% WPM 185.96 +1.2% ETG 2.58 −7.9% CG 29.87 −0.2% EMO 0.190 −2.6% TUF 0.660 −5.7% APMI 0.095 −13.6%
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.

Oct 20, 2026 · 07:01

NexMetals triples its Selebi North resource estimate, prompting an immediate capital raise to address ongoing cash burn concerns.

Resource Estimate Oct 01, 2026 · 07:01

NexMetals reports a 72% increase in the Selebi Main resource, which remains entirely Inferred, while its cash balance has decreased to $10.5 million.

Resource Estimate Sep 23, 2026 · 07:01

NexMetals confirms a 6.5% CuEq step-out assay within a 1.5 km trend at its project.

Drill Results 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