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Nexmetals Mining ( (TSE:NEXM) ) has shared an announcement.
NexMetals Mining reported strong assay results from resource gap hole DSLK-25-012 and the remaining 28 holes of a 34-hole resampling program at its Selkirk Cu-Ni-Co-PGE project in Botswana. Highlights include 180.8 metres grading 1.31% CuEq and multiple wide intervals above the current 0.46% CuEq cut-off, intersected within the conceptual open-pit shell.
The program also outlined high-grade footwall mineralization, including 6.9 metres at 7.92% CuEq, which is being considered a potential new exploration target. All resampling data, including newly captured PGE assays, will feed into an updated Mineral Resource Estimate expected in the second quarter of 2026, with potential to expand the resource and improve project economics by lowering the strip ratio.
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 weak financial performance (no revenue, rapidly increasing losses, and significant cash burn implying ongoing external funding dependence). Technicals add further pressure with a bearish trend (price below key moving averages) and negative momentum, partly offset by near-oversold readings. Valuation is constrained by a negative P/E driven by losses and no dividend yield support.
To see Spark’s full report on NEXM stock, click here.
More about Nexmetals Mining
NexMetals Mining Corp. is a Vancouver-based exploration and development company focused on copper, nickel, cobalt and platinum group element projects. The company’s key asset is the past-producing Selkirk Mine in Botswana, where it is working to define and expand a polymetallic resource geared toward supplying metals critical to electrification and industrial demand.
Average Trading Volume: 122,133
Technical Sentiment Signal: Sell
Current Market Cap: C$72.52M
For a thorough assessment of NEXM stock, go to TipRanks’ Stock Analysis page.