NexMetals Reports 7.55 Metres of 6.48% CuEq (2.70% Cu, 1.83% Ni) in SMD-26-219, Visual Intercept SMD-26-217 Intersects Three Mineralized Zones and Extends…

NexMetals reported a 72% increase in the Selebi Main inferred mineral resource to 32.47 Mt, with grades of 1.53% Cu and 0.98% Ni. Contained metal increased by 55% for Cu and 91% for Ni compared to 2024. The growth was primarily driven by new drilling in the Flexure Zone. The company used US$5.10/lb for Cu and US$9.10/lb for Ni in its estimates. The Selebi North MRE will be reported separately.

NexMetals Mining said its Selkirk copper-nickel-PGE project in Botswana now has about 1.1 billion lb. copper equivalent (CuEq) in indicated resources after converting nearly 70% from inferred, driven by re-assaying and twin drilling. NexMetals reported 78.2 million tonnes at 0.66% CuEq, plus 15.1 million inferred tonnes at 0.60% CuEq. The upgrade raises contained CuEq inventory 63% vs. 2024, mainly from improved recoveries and adding payable cobalt, silver and gold.

NexMetals Mining Corp. said final metallurgical analytical results from Selkirk Mine in Botswana confirm its copper and nickel concentrates meet commercial smelter specifications. The company reported very low deleterious elements and payable metals (including Pt, Pd, and expected payable Co, Ag, and Au), supporting a potential low-capital restart without an on-site smelter. NexMetals plans to incorporate results into a new mineral resource estimate in Q2 2026.

Berkshire Hathaway, led by Greg Abel, increased investments in Alphabet and Delta Air Lines, and repurchased $4.5 billion of its own stock in Q2. Abel's strategy aligns with Buffett's value-focused approach, with Berkshire holding $359.2 billion in cash and short-term investments post-purchases. Berkshire's buybacks follow a rule where shares are repurchased only when below intrinsic value, with average prices of $476.01 in May and $487.98 in June.

AT&T (T) is selling its wireless business in Mexico and eliminating the role of its global marketing officer, Lori M. Lee, as part of a strategic shift to streamline its international operations. The changes reflect efforts to reconfigure its global strategy and may impact its competitive position in Latin America.

Scotiabank filed a Form 6-K on October 16, 2026, confirming the validity of US$2.3 billion in senior notes. The notes, maturing between 2029 and 2032, have fixed-to-floating and floating-rate structures. Legal opinions from Allen Overy Shearman Sterling US LLP and Osler, Hoskin & Harcourt LLP support the notes' validity. The filing is part of Scotiabank's broader capital markets program.