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The latest announcement is out from Nexmetals Mining ( (TSE:NEXM) ).
NexMetals Mining has reported final assay results from its 2025 Selebi North Underground drilling program, confirming thick, high-grade copper and nickel mineralization, including 18.80 metres grading 4.69% copper equivalent. The 9,656-metre campaign extended the South Limb mineralization footprint about 315 metres down-plunge beyond the 2024 resource, expanding that zone by roughly 35% and indicating improving copper grades at depth.
Management says the results strengthen confidence in the scale and continuity of the Selebi North deposit and support the potential to rapidly add tonnage in the next mineral resource update. Ongoing surface drilling at the nearby Selebi Main deposit is intersecting thick sulphide zones in the emerging Flexure Zone, with all recent data to feed into an updated mineral resource estimate and preliminary economic assessment for the broader Selebi system.
The most recent analyst rating on (TSE:NEXM) stock is a Sell with a C$3.00 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 NEXM Stock
According to Spark, TipRanks’ AI Analyst, NEXM is a Neutral.
The score is held down primarily by very weak financial performance (pre-revenue, widening losses, and heavy ongoing cash burn) and bearish technicals (below key moving averages with negative MACD). Positive exploration/board-related corporate events provide some upside optionality, but valuation support is limited due to continued losses and no dividend.
To see Spark’s full report on NEXM stock, click here.
More about Nexmetals Mining
NexMetals Mining Corp. is a Vancouver-based mineral exploration and development company focused on copper and nickel deposits. Its key assets include the Selebi North and Selebi Main underground deposits, where it is pursuing resource expansion and upgrading through targeted drilling to support updated mineral resource estimates and economic studies.
Average Trading Volume: 117,176
Technical Sentiment Signal: Sell
Current Market Cap: C$124.3M
For detailed information about NEXM stock, go to TipRanks’ Stock Analysis page.