The pending Selebi North resource estimate is the next catalyst — its completion will provide a more comprehensive view of the overall Selebi Mines scale. Step-out drilling results also suggest further upside beyond the current resource envelope.
Price Chart
Executive Summary
NexMetals Mining Corp. announced a 72% increase in the Selebi Main Inferred Mineral Resource to 32.47 million tonnes grading 1.53% copper and 0.98% nickel, with contained copper up 55% to 495,400 tonnes and contained nickel up 91% to 316,800 tonnes. The updated resource estimate, completed by The MSA Group, also adds cobalt for the first time and was driven primarily by new drilling in the Flexure Zone. The Selebi North resource estimate remains pending, and the company reported an approximate cash balance of $10.5 million as of September 30, 2026.
Key Facts
- Selebi Main Inferred Mineral Resource increased 72% to 32.47 Mt at 1.53% Cu and 0.98% Ni
- Contained copper up 55% to 495,400 tonnes; contained nickel up 91% to 316,800 tonnes
- Cobalt added as third reported metal: 16,200 tonnes at 0.05% Co
- 91% of tonnage growth attributable to new drilling in the Flexure Zone
- Total copper equivalent of 1.77 billion pounds in the Inferred category
- Selebi North Mineral Resource Estimate pending — not included in today's figures
- Approximate cash balance of $10.5 million at September 30, 2026
- Step-out drilling after resource cut-off intersected thick, high-grade massive sulphide mineralization not yet included
- NI 43-101 Technical Report to be filed within 45 days
Financial Impact
72% increase in mineral resource tonnage with 55% more contained copper and 91% more contained nickel; cash balance of $10.5 million
Risk Factors
- All resources are Inferred — no demonstrated economic viability and uncertain conversion to reserves
- Selebi North estimate not yet completed, delaying full project picture
- Reliance on long-term metal price assumptions (Cu $5.10/lb, Ni $9.10/lb, Co $20.00/lb) which may change
- Historical BCL assay data from non-independent, non-accredited laboratory introduces data quality uncertainty
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-045372 |
| Document: form8-k.htm | 0001493152-26-045372 |
| Document: 0001493152-26-045372-index-headers.html | 0001493152-26-045372 |
| Document: 0001493152-26-045372-index.html | 0001493152-26-045372 |
| Document: 0001493152-26-045372.txt | 0001493152-26-045372 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $1.55 | awaiting T+20 | — | $1.38 (−10.97%) |
Oct 1, 2026 25d ago | 8-K | $1.86 | awaiting T+20 | — | $1.38 (−25.81%) |
Sep 23, 2026 4w ago | 8-K | $2.15 $1.38 | ▼ −35.81% | ▼ −35.39% | $1.38 (−35.81%) |
Aug 17, 2026 10w ago | 8-K | $2.15 $2.32 | ▲ +7.88% | ▲ +8.87% | $1.38 (−35.84%) |
Jul 24, 2026 13w ago | 8-K | $2.13 $2.59 | ▲ +21.60% | ▲ +18.30% | $1.38 (−35.21%) |
Jun 1, 2026 21w ago | 8-K | $2.63 $2.53 | ▼ −3.80% | ▼ −2.24% | $1.38 (−47.53%) |
May 28, 2026 21w ago | 8-K | $2.80 $2.29 | ▼ −18.21% | ▼ −15.07% | $1.38 (−50.71%) |
May 13, 2026 23w ago | 10-K/A | $3.14 $2.49 | ▲ +20.70% | ▲ +19.84% | $1.38 (+56.05%) |
May 7, 2026 24w ago | 8-K | $2.88 $2.61 | ▼ −9.38% | ▼ −12.51% | $1.38 (−52.08%) |
Apr 27, 2026 26w ago | 8-K | $2.53 $2.79 | ▲ +10.28% | ▲ +5.32% | $1.38 (−45.45%) |
US Market Status
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