NexMetals Nearly Triples Selebi North Indicated Mineral Resources to 8.95 Million Tonnes and Increases Inferred Mineral Resources to 9.48 Million Tonnes

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.

Tesla updated its Robotaxi app to show estimated arrival times and availability for Cybercab and Model Y, aiding rider decisions. Cybercab fleet grew to 573 in Texas, with plans to expand to Dallas. Elon Musk announced Cybertruck production will end by mid-2027 to prioritize Cybercab production. SpaceX targets November 13 for Starship Flight 15, aiming to catch the ship with the launch tower.

The U.S. Army awarded Pegasystems a software contract with a maximum value of $419 million. The agreement, lasting up to 10 years, covers subscriptions, cloud hosting, and professional services for authorized military organizations. Pegasystems was named the sole responsible source by the Army, citing its platform's unique features. The company announced the award on November 4.

AST SpaceMobile (ASTS) announced plans to build its own reusable rocket, Blacklift, for launching satellites starting in late 2028. Firefly Aerospace (FLY) will supply engines, valued at over $1.3B. ASTS shares rose 7.05%, while FLY surged 36.8%. The deal includes $800M upfront, including ASTS shares, and adds to ASTS's cash burn and dilution.