Monitor the upcoming New MRE in Q2 2026 for confirmation of these improved metrics and their impact on resource estimates and project valuation. The enhanced metallurgical performance could make Selkirk a more attractive candidate for partnerships or financing.
Price Chart
Executive Summary
NexMetals Mining Corp. announced improved metallurgical results from its Selkirk Project in Botswana, demonstrating significantly higher copper and nickel recoveries and concentrate grades compared to prior estimates. The results support a revised processing flowsheet and could enhance the project's overall economics, with an updated mineral resource estimate expected in Q2 2026.
Key Facts
- Copper recovery increased to 81.3% from 70.0% in the 2024 MRE, a 16% improvement.
- Nickel concentrate grade jumped 60% to 10.9% Ni from 6.8% Ni in the 2024 MRE.
- Copper losses to tailings cut by 56%, from 26.2% to 11.4%.
- Total palladium recovery increased to 78% from 59%.
- Gold, silver, and cobalt are expected to be payable in the copper and nickel concentrates, adding potential incremental value.
- An updated Mineral Resource Estimate (New MRE) incorporating these results is underway with completion expected in Q2 2026.
Financial Impact
The improved recoveries and concentrate grades are expected to meaningfully enhance the project's economics, though specific dollar figures are not yet available. The 16% increase in copper recovery and 60% increase in nickel concentrate grade represent significant value drivers.
Risk Factors
- The results are based on bench-scale Locked Cycle Tests and may not translate to commercial-scale operations.
- The updated Mineral Resource Estimate is still pending and could differ from these preliminary results.
- The company cautions that inferred mineral resources have a greater uncertainty regarding their existence and economic viability.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-019049 |
| Document: form8-k.htm | 0001493152-26-019049 |
| Document: 0001493152-26-019049-index-headers.html | 0001493152-26-019049 |
| Document: 0001493152-26-019049-index.html | 0001493152-26-019049 |
| Document: 0001493152-26-019049.txt | 0001493152-26-019049 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $1.55 | awaiting T+20 | — | $1.41 (−9.03%) |
Oct 1, 2026 26d ago | 8-K | $1.86 | awaiting T+20 | — | $1.41 (−24.19%) |
Sep 23, 2026 4w ago | 8-K | $2.15 $1.38 | ▼ −35.81% | ▼ −35.39% | $1.41 (−34.42%) |
Aug 17, 2026 10w ago | 8-K | $2.15 $2.32 | ▲ +7.88% | ▲ +8.87% | $1.41 (−34.45%) |
Jul 24, 2026 13w ago | 8-K | $2.13 $2.59 | ▲ +21.60% | ▲ +18.30% | $1.41 (−33.80%) |
Jun 1, 2026 21w ago | 8-K | $2.63 $2.53 | ▼ −3.80% | ▼ −2.24% | $1.41 (−46.39%) |
May 28, 2026 21w ago | 8-K | $2.80 $2.29 | ▼ −18.21% | ▼ −15.07% | $1.41 (−49.64%) |
May 13, 2026 23w ago | 10-K/A | $3.14 $2.49 | ▲ +20.70% | ▲ +19.84% | $1.41 (+55.10%) |
May 7, 2026 24w ago | 8-K | $2.88 $2.61 | ▼ −9.38% | ▼ −12.51% | $1.41 (−51.04%) |
Apr 27, 2026 26w ago | 8-K | $2.53 $2.79 | ▲ +10.28% | ▲ +5.32% | $1.41 (−44.27%) |
US Market Status
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