NexMetals Mining Corp.: 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 High-Grade Trend to Approximately 1.5 Kilometres

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.

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