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Nexmetals Mining ( (TSE:NEXM) ) just unveiled an announcement.
On January 15, 2026, NexMetals Mining accelerated its planned leadership change, with former CEO Morgan Lekstrom stepping down and consultant Sean Whiteford formally assuming the chief executive role under a new consulting services agreement with Elkam Consulting. The agreement, effective January 15, 2026, sets out a monthly consulting fee of US$25,850, performance- and long-term incentive structures tied to company objectives, and a one-time RSU grant of US$365,000, underlining the board’s effort to align the new CEO’s compensation with project advancement. In the same January 15 release, the company detailed its 2026 technical work programs for the Selebi and Selkirk mines, building on 2025 milestones that included securing unencumbered title to the assets, strengthening the balance sheet, expanding mineralization through surface and underground drilling, and advancing metallurgical flowsheet development. For 2026, NexMetals plans extensive drilling, underground development and metallurgical optimization at Selebi, alongside updated mineral resource estimates and preliminary economic assessments targeted for completion in the second half of the year, while at Selkirk it aims to complete a resource update in the first half of 2026 and continue test work feeding into future economic studies, signaling a shift from foundation-building to resource growth and technical de-risking that could be significant for shareholders and project stakeholders.
The most recent analyst rating on (TSE:NEXM) stock is a Hold with a C$5.50 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 held down primarily by weak financial performance (pre-revenue status, rising losses, and significant cash burn implying ongoing financing risk), partially offset by an improved balance sheet with low debt and positive equity. Technical indicators are broadly neutral, while valuation provides limited support due to negative earnings and no dividend data.
To see Spark’s full report on TSE:NEXM stock, click here.
More about Nexmetals Mining
NexMetals Mining Corp. is a dual-listed (TSX.V, Nasdaq) mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element sulphide mines in Botswana. The company is working to expand NI 43-101-compliant resources through drilling, down-hole geophysics and metallurgical programs, with an emphasis on disciplined project execution, technical de-risking and positioning the assets for future economic studies aimed at long-term value creation.
Average Trading Volume: 111,867
Technical Sentiment Signal: Sell
Current Market Cap: C$116.7M
See more insights into NEXM stock on TipRanks’ Stock Analysis page.