NexMetals Hits 11.15m of 7.65% CuEq, Defining Kilometre-Scale Sulphide Trend at Selebi Main
NEXM is trading near its 52-week low of $2.13 (5.6% above the low).
Summary
NexMetals reported one of its best intercepts yet at Selebi Main: 11.15 metres of 7.65% CuEq (3.10% Cu, 2.21% Ni) in hole SMD-26-212-W1. This closely replicates a prior standout hole and, together with three other new holes, outlines a mineralized trend now exceeding one kilometre in strike length beyond the 2024 resource. The results validate the company's exploration model and BHEM targeting, with the system still open to the north. A 2026 resource update is on track for Q3, and TECT Geological Consulting has been engaged to build an integrated 3D model to refine targeting and support future mine planning. With a market cap near $80 million and a tight cash runway into Q4 2026, these high-grade results strengthen the project's development case and could attract strategic interest or financing.
At the time of this announcement, NEXM was trading at $2.25 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $79.9M. The 52-week trading range was $2.13 to $6.75. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.