The drill results are a strong positive catalyst for NEXM, confirming a significant expansion of high-grade mineralization at Selebi Main. Traders should watch for the upcoming 2026 MRE in Q3 2026 and further drill results from the ongoing 30,000-metre program, which could drive further re-rating.
Price Chart
Executive Summary
NexMetals reported assay results from four drill holes at the Selebi Main deposit, highlighted by hole SMD-26-212-W1 which intersected 11.15 metres grading 7.65% CuEq (3.10% Cu, 2.21% Ni). These results confirm a growing kilometre-scale trend of thick, high-grade massive sulphides beyond the 2024 Mineral Resource Estimate, with the system remaining open for expansion. The 2026 Mineral Resource Estimate remains on track for Q3 2026 completion, and the company engaged TECT Geological Consulting for a 3D geological model to support future resource growth and drill targeting.
Key Facts
- Drill hole SMD-26-212-W1 intersected 11.15 metres of massive sulphides grading 7.65% CuEq (3.10% Cu, 2.21% Ni), one of the most significant intercepts at Selebi Main.
- Results outline a mineralized trend exceeding one kilometre in strike length, extending beyond the 2024 MRE.
- All four drill holes intersected sulphide mineralization, with the Flexure Zone defined by widely spaced holes 200-300 metres apart.
- The 2026 Mineral Resource Estimate remains on track for completion in Q3 2026.
- The company engaged TECT Geological Consulting to develop an integrated 3D geological and structural model for Selebi North and Selebi Main.
- To date, 29,734 metres in 12 completed holes, 1 hole extension, 3 pre-collared holes, 4 abandoned holes and 4 in-progress holes have been completed as part of the surface drilling program.
Financial Impact
No financial data reported; exploration-stage company with no revenue from operations.
Risk Factors
- Exploration-stage company with no current production or revenue; all value is based on resource estimates and future development potential.
- Forward-looking statements regarding the 2026 MRE and geological model are subject to delays and uncertainties.
- Commodity price fluctuations (Cu, Ni) could impact the economic viability of the deposit.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (NEXM) — Batch item 1 | 0001493152-26-034602 |
| Document: form8-k.htm | 0001493152-26-034602 |
| Document: 0001493152-26-034602-index-headers.html | 0001493152-26-034602 |
| Document: 0001493152-26-034602-index.html | 0001493152-26-034602 |
| Document: 0001493152-26-034602.txt | 0001493152-26-034602 |
| 8-K Filing (NEXM) — Batch item 6 | 0001493152-26-034602 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $1.55 | awaiting T+20 | — | $1.36 (−12.26%) |
Oct 1, 2026 25d ago | 8-K | $1.86 | awaiting T+20 | — | $1.36 (−26.88%) |
Sep 23, 2026 4w ago | 8-K | $2.15 $1.38 | ▼ −35.81% | ▼ −35.39% | $1.36 (−36.74%) |
Aug 17, 2026 10w ago | 8-K | $2.15 $2.32 | ▲ +7.88% | ▲ +8.87% | $1.36 (−36.77%) |
Jul 24, 2026 13w ago | 8-K | $2.13 $2.59 | ▲ +21.60% | ▲ +18.30% | $1.36 (−36.15%) |
Jun 1, 2026 21w ago | 8-K | $2.63 $2.53 | ▼ −3.80% | ▼ −2.24% | $1.36 (−48.29%) |
May 28, 2026 21w ago | 8-K | $2.80 $2.29 | ▼ −18.21% | ▼ −15.07% | $1.36 (−51.43%) |
May 13, 2026 23w ago | 10-K/A | $3.14 $2.49 | ▲ +20.70% | ▲ +19.84% | $1.36 (+56.69%) |
May 7, 2026 24w ago | 8-K | $2.88 $2.61 | ▼ −9.38% | ▼ −12.51% | $1.36 (−52.78%) |
Apr 27, 2026 26w ago | 8-K | $2.53 $2.79 | ▲ +10.28% | ▲ +5.32% | $1.36 (−46.25%) |
US Market Status
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