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The latest update is out from Nexmetals Mining ( (TSE:NEXM) ).
On March 26, 2026, NexMetals Mining reported visual drilling results from hole SMD‑26‑209 at the Selebi Main deposit in Botswana, intersecting 10.5 metres of blebby, stringer and massive sulphides within the emerging Flexure Zone, with assays still pending. The hole, completed to 1,861.9 metres and containing two thick massive sulphide intervals, lies roughly 350 metres from earlier high‑grade intercepts and supports the company’s view of a robust, laterally extensive sulphide system extending beyond the 2024 mineral resource footprint.
The consistency of sulphide zones between widely spaced holes, combined with ongoing borehole electromagnetic targeting, suggests significant expansion potential down‑dip and down‑plunge from Selebi Main that could ultimately enhance project scale and economics if confirmed by assays. With more than 19,000 metres drilled in the 2026 surface program and several additional Flexure Zone holes in progress, the campaign is sharpening NexMetals’ geological model and could bolster its resource base and redevelopment ambitions at the Selebi mines complex.
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 mineral exploration and development company listed on the TSX Venture Exchange and Nasdaq, focused on redeveloping the past-producing Selebi and Selkirk copper‑nickel‑cobalt‑PGM mines in Botswana. The company has confirmed larger‑than‑historical mineralization at these assets, supported by NI 43‑101 and S‑K 1300 compliant resource estimates and ongoing geophysics, drilling and metallurgical programs aimed at resource growth and future economic studies.
Led by an experienced management and technical team, NexMetals emphasizes disciplined project execution, transparent governance and long‑term value creation for stakeholders, positioning its Botswana projects as core assets in the battery and critical metals space. Its strategy centers on expanding the resource base at Selebi and Selkirk to support potential redevelopment of these historically producing operations.
Average Trading Volume: 121,507
Technical Sentiment Signal: Sell
Current Market Cap: C$112.9M
See more data about NEXM stock on TipRanks’ Stock Analysis page.