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Nexmetals Mining ( (TSE:NEXM) ) just unveiled an announcement.
NexMetals Mining reported new assay results from three additional drill holes at the Selebi North Underground deposit, highlighted by a 32.45-metre intercept grading 4.61% copper equivalent in hole SNUG-25-194, including several higher-grade sub-intervals. The results confirm the continuity of high-grade mineralization along the down-plunge extension of the South Limb and extend mineralization more than 315 metres beyond the current resource, strengthening confidence in the size and growth potential of the deposit. With 9,617 metres drilled in the 2025 Selebi North underground resource expansion program so far, the company plans to incorporate these results into an updated mineral resource estimate, continue testing deeper extensions, and then shift the SNUG rig to surface drilling for a broader 2026 resource expansion campaign, signaling ongoing efforts to enhance project scale and value for stakeholders.
The most recent analyst rating on (TSE:NEXM) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Nexmetals Mining stock, see the TSE:NEXM Stock Forecast page.
Spark’s Take on TSE:NEXM Stock
According to Spark, TipRanks’ AI Analyst, TSE:NEXM is a Neutral.
The score is primarily held down by weak financial performance (pre-revenue status, escalating losses, and significant cash burn), which outweighs the improved balance sheet. Technicals provide some support from positive near-term momentum, but valuation remains constrained by negative earnings and no dividend yield data.
To see Spark’s full report on TSE:NEXM stock, click here.
More about Nexmetals Mining
NexMetals Mining Corp. is a Vancouver-based mineral exploration and development company focused on advancing its Selebi North Underground deposit, a polymetallic copper-nickel project. The company’s activities center on resource expansion drilling and metallurgical testing to grow and de-risk its mineral resource base for future development.
Average Trading Volume: 126,686
Technical Sentiment Signal: Sell
Current Market Cap: C$122.5M
See more insights into NEXM stock on TipRanks’ Stock Analysis page.