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An update from Nexmetals Mining ( (TSE:NEXM) ) is now available.
On May 7, 2026, NexMetals Mining reported new assay results from its surface drilling program at the Selebi Mines Project in Botswana, confirming mineralization well beyond the boundaries of the 2024 mineral resource estimate. Key intercepts include 10.40 metres grading 6.82% CuEq at Selebi Main, 320 metres down-dip of the existing resource, and multiple high-grade sulphide intervals from several holes in the 2 km gap between the Selebi Main and Selebi North deposits.
The drilling results indicate strong down-plunge continuity within the Flexure Zone, the emergence of a third mineralized horizon beneath the two known zones and significant potential to expand resources at depth. With 22,061 metres drilled to date, four holes in progress and a fifth company-owned rig added, NexMetals is tightening drill spacing to 200 metres and positioning itself to deliver a materially larger updated mineral resource for both Selebi Main and Selebi North in the second half of 2026.
The most recent analyst rating on (TSE:NEXM) stock is a Buy with a C$12.50 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 NEXM Stock
According to Spark, TipRanks’ AI Analyst, NEXM is a Neutral.
The score is driven primarily by very weak fundamentals (no revenue, widening losses, and significant ongoing cash burn) despite a stronger latest balance sheet with low leverage. Technicals add pressure with a clear downtrend and negative momentum indicators, while valuation offers limited support given the negative P/E and no dividend yield data.
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-nickel sulphide deposits. The company is advancing the Selebi Mines Project in Botswana, which comprises the Selebi Main and Selebi North deposits and is listed on both the TSX Venture Exchange and Nasdaq.
The Selebi project currently hosts a combined mineral resource of 3.0 million tonnes at 2.92% CuEq in the Indicated category and 24.7 million tonnes at 3.40% CuEq in the Inferred category, making it a significant emerging copper-nickel asset. NexMetals is targeting resource growth by drilling the gap between Selebi Main and Selebi North and testing depth extensions of known mineralized zones.
Average Trading Volume: 92,171
Technical Sentiment Signal: Sell
Current Market Cap: C$125.4M
See more data about NEXM stock on TipRanks’ Stock Analysis page.