NexMetals Mining Corp. NEXM

2.18 0.03 1.40% as of 25 Sep
Market cap
$76.7M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.04%

Capital & Financial Ratios

Market Cap 76.65
Revenue —
Net Income (36.61)
Free Cash Flow (59.74)
Net Debt (11.37)
Current Ratio 5.16
Debt/Equity 0.02
P/E ratio 0.00
P/S ratio 0.00
P/B ratio 1.74
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 14 4 28 12
Receivables 0 1 4 1
Inventory — — — —
Other — — — —
15 6 33 14
2023 2024 2025 Q'26
Payables 3 3 7 2
ST’ Debt — — 0 0
Other — 0 0 0
4 3 7 3
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Revenue

Year
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (9) (6) — — —
’25 (4) (11) (10) (9) (34)
’24 (2) (11) (7) (7) (27)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (9) (6) — — —
’25 (4) (12) (10) (34) (61)
’24 (6) (7) (7) (8) (28)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.22) (0.24) — — —
’25 (0.05) (0.51) (0.54) (0.22) (2.05)
’24 (0.02) (0.05) (0.05) (0.07) (0.18)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
50.00 43.00 20.00 2.30 4.50 11.30 3.80 13.80 5.86 3.37

Analyst estimates 2026–2028

Powerpack
Low Price
107.00 76.00 77.00 37.00 33.20 51.80 51.20 38.00 24.80 10.35
High Price
— — — — — — — — — —
Employees
— — — — — — — — — —
Revenue/Emp
— — — — — — — — — —
Revenue
— — — — — — — — — —
Gross Margin
— — — — — — — (10) (31) (42)
EBT
— — — — — — — 0.00% 0.00% 0.00%
EBT Margin
— — — — — — — (10) (31) (42)
Net Income
— — — — — — — 0 1 1
Depreciation
— — — — — — — 0.00 0.00 0.00
Revenue/Sh
— — — — — — — (0.08) (0.18) (2.05)
Earnings/Sh
— — — — — — — (0.06) (0.16) (1.65)
Cash Flow/Sh
— — — — — — — (0.13) 0.00 (1.29)
Capex/Sh
— — — — — — — (0.19) (0.17) (2.94)
Free CF/Sh
— — — — — — — 0.29 (0.01) 2.87
Book Value/Sh
— — — — — — — 129 169 21
Shares
— — — — — — — — — —
PE Ratio
— — — — — — — — — —
PS Ratio
— — — — — — — — — —
PB Ratio
— — — — — — — — — —
EV/Sales
— — — — — — — — — —
EV/FCF
— — — — — — — (8) (27) (34)
Op' Cash Flow
— — — — — — — (17) (1) (27)
Capex
— — — — — — — (25) (28) (61)
FCF
— — — — — — — 11 2 26
Working Cap'
— — — — — — — 13 14 1
Total Debt
— — — — — — — (1) 9 (28)
Net Debt
— — — — — — — 38 (3) 59
Sh' Equity
— — — — — — — 0.00% (82.79%) (95.33%)
ROA
— — — — — — — (12.42%) (259.89%) (73.13%)
ROIC
— — — — — — — 0.00% (176.61%) (148.89%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

NexMetals Mining Corp. peers in Other Industrial Metals & Mining

All 46 Other Industrial Metals & Mining stocks →

NexMetals Mining Corp. (NEXM) key facts

  • NexMetals Mining Corp. (NEXM) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on Nasdaq.
  • As of September 25, 2026, NEXM traded at $2.18, a market capitalization of $76.7 million.
  • Return on equity was −148.9% and debt-to-equity 0.02.

Source: company filings (standardised) and stockrow calculations.

NexMetals Mining Corp. (NEXM) Latest News

News by impact score

Fine-tune

23 Sep

4

NexMetals Mining reports drill results from the Selebi Main deposit in Botswana. Drill hole SMD-26-219 returned 7.55 metres of 6.48% CuEq (2.70% Cu, 1.83% Ni), a thick high-grade massive sulphide intersection that expands the High-Grade Trend to about 1.5 kilometres. SMD-26-217 extended the trend by ~100 metres toward Selebi North, logging 38.65 metres of disseminated to massive sulphide across three zones—the Main, Lower, and a newly identified Third Zone about 9 metres below the Lower Zone—indicating a more complex system and potential for additional tonnage. Borehole EM suggests the trend continues beyond SMD-26-217. Assays for some intervals are pending. The company notes ongoing drilling and an on-track 2026 Mineral Resource Estimate, with a 3D geological model contract to aid targeting and potential expansion. Extends high-grade trend and reveals a new mineralized zone, signaling meaningful potential for resource growth and value creation.

17 Aug

4

NexMetals extended the trend of thick massive sulphides to 1.45 kilometres with a visual intercept in hole SMD-26-219 at Selebi Main. Positive drilling results extending mineralization directly boost resource potential and investor sentiment for the explorer.

12 Aug

3

NexMetals Mining reports multi-kilometre nickel-copper soil anomalies at Selebi-East project aligning with prospective amphibolite host rocks. Positive geochemistry anomalies at Selebi-East improve nickel-copper exploration prospects and may lift near-term investor sentiment.

22 Jul

4

NexMetals intersects 11.15 metres of 7.65% CuEq (3.10% Cu, 2.21% Ni) at Selebi Main, outlining a kilometre-scale trend of thick high-grade massive sulphides. High-grade intercepts expand resource potential and strengthen project economics at Selebi Main.

24 Jun

4

NexMetals Mining Corp. increased its Selkirk mineral resource by 70 percent to 1.1 billion pounds of copper equivalent indicated and 200 million pounds inferred. 70 percent resource expansion materially lifts asset base and future production outlook for NexMetals.

4 Jun

3

NexMetals final analytical results confirm Selkirk copper and nickel clean concentrates meet commercial smelter specifications. Confirmation of concentrate quality meeting smelter specs supports project viability and potential revenue generation.

1 Jun

3

NexMetals Mining Corp. intersected 11.15 metres of massive sulphide mineralization at Selebi Main in drill hole SMD-26-212-W1, expanding the Flexure Zone. Drill intersection expands known mineralization zone and supports further resource growth at Selebi Main.

7 May

4

NexMetals Mining Corp. (NEXM) expands the Selebi System with 10.40 metres of 6.82% CuEq (3.09% Cu, 1.83% Ni) at Selebi Main, 320 metres beyond the 2024 Mineral Resource Estimate. High-grade intercepts extending the mineralized system 320m beyond current MRE signal major resource growth potential, boosting valuation and investor interest.

27 Apr

4

NexMetals Mining Corp. (NEXM) reports metallurgical test results from Selkirk project confirming production of separate high-grade saleable Cu-Ni-PGE concentrates alongside improved metal recoveries. Confirmation of high-grade saleable concentrates and improved recoveries de-risks Selkirk project development and boosts economic viability.

1 Apr

4

NexMetals Mining Corp. (NEXM) released final drill results from its 2025 Selebi North Underground Program, confirming high-grade continuity with 18.80 metres grading 4.69% CuEq (2.10% Cu and 1.26% Ni). High-grade drill results confirm mineralization continuity, signaling strong resource potential and likely enhancing project viability and share price.

31 Mar

4

NexMetals Mining Corp. (NEXM) extended the Selebi Flexure Zone with a new massive sulphide intercept, confirming high-grade mineralization over 20 meters and expanding the potential resource area in Botswana. New massive sulphide intercept significantly expands high-grade zone, boosting resource potential and stock appeal.

26 Mar

4

NexMetals Mining Corp. (NEXM) intersected 10.50 metres of sulphide mineralization at Selebi Main in drill hole SMD-26-209, expanding the Flexure Zone. Expanding the Flexure Zone with 10.50 metres of sulphide mineralization signals significant resource growth potential, likely boosting NEXM's market performance and investor interest.

19 Mar

4

NexMetals Mining Corp. (NEXM) reports 180.8 metres grading 1.31% CuEq from Selkirk project resampling program and engages IR advisory firm. High-grade copper equivalent results over significant width from resampling enhance Selkirk project viability and IR engagement boosts investor outreach.

2 Mar

4

NexMetals Mining Corp. (NEXM) reports 11.05 metres of 7.31% CuEq in drill hole SMD-25-205, located 130 metres down-dip from the Selebi Main Resource within the emerging Selebi Main Flexure Zone. High-grade intercept 130m down-dip extends resource in emerging zone, signaling major exploration upside for future growth.

26 Feb

4

NexMetals Mining Corp. (NEXM) reports 11.05 metres grading 7.31% CuEq in drill hole SMD-25-205, located 130 metres down-dip from the Selebi Main Resource within the emerging Selebi Main Flexure Zone. High-grade copper intercept 130m down-dip expands resource potential in emerging zone, signaling significant growth prospects for NEXM.

9 Feb

3

NexMetals Mining Corp. announced the resignation of a board member and the appointment of a new director. The changes are part of the company's ongoing efforts to enhance its governance and strategic direction. The new appointee brings relevant experience to the board, which is expected to support NexMetals in its future initiatives. Board changes can moderately influence the company's strategic direction and governance.

2 Feb

3

NexMetals Mining Corp. has appointed David Eichenberg as Vice President of Geology, enhancing its leadership team. The company also granted equity incentive awards to key personnel, aligning their interests with shareholder value. These moves are aimed at strengthening the company's operational capabilities and strategic direction in the mining sector. The appointment of a new VP and equity awards may moderately influence NexMetals' operational effectiveness and market sentiment.

27 Jan

4

NexMetals Mining Corp. reported drilling results from its Selebi North project, revealing 32.45 metres of mineralization with an average grade of 4.61% CuEq, including a higher-grade section of 5.88% CuEq over 9.65 metres. These results indicate continuity of high-grade mineralization, which is promising for the project's potential and future exploration efforts. The significant drilling results suggest a strong potential for increased resource estimates and investor interest.

20 Jan

4

NexMetals Mining Corp. has reported drilling results revealing 11.05 metres of sulphide mineralization, indicating significant growth potential driven by its Hinge Program. The findings suggest promising prospects for future exploration and development, enhancing the company's position in the mining sector. The drilling results indicate significant growth potential that could alter the company's trajectory and investor sentiment.

15 Jan

4

NexMetals Mining Corp. has outlined its technical work programs for 2026 aimed at advancing the Selebi and Selkirk deposits in Botswana. The company is also accelerating its CEO transition to enhance leadership and strategic direction. The outlined technical work programs and CEO transition are significant strategic moves that could impact the company's future performance and investor sentiment.

8 Jan

4

NexMetals Mining Corp. has appointed Warwick Morley-Jepson, the former COO of Kinross Gold, to its Board of Directors. This strategic addition aims to enhance the company's leadership and operational expertise as it advances its mining projects. The appointment of a seasoned executive like Warwick Morley-Jepson is likely to significantly impact NexMetals' strategic direction and operational effectiveness.

18 Dec

3

NexMetals Mining Corp. (NEXM) has announced the listing of its warrants on the Canadian Securities Exchange. The warrants are set to trade under the symbol 'NEXM.WT' and are part of a financing initiative aimed at supporting the company's growth and development strategies. This move is expected to enhance liquidity and provide investors with additional opportunities to engage with the company's equity. The listing of warrants may moderately influence investor sentiment and liquidity but is not expected to fundamentally alter the company's trajectory.

15 Dec

3

NexMetals Mining Corp. has initiated a CEO succession plan, signaling a transition in leadership. The company aims to ensure a smooth transition and continuity in its strategic direction. This move is part of NexMetals' broader strategy to enhance its operational effectiveness and market positioning. Leadership changes can moderately influence company performance and market sentiment.

3 Dec

4

NexMetals Mining Corp. reported drilling results from its Selkirk project, achieving 231 metres of 1.09% copper equivalent (CuEq), with a notable section of 97 metres at 1.28% CuEq. These results highlight the scale, grade, and potential for expansion at the site, indicating promising prospects for the company's future operations. The drilling results indicate significant mineralization potential, which could enhance the company's growth trajectory and investor interest.

2 Dec

4

NexMetals Mining Corp. has successfully secured the title to its Selebi and Selkirk assets located in Botswana after completing a milestone payment. This acquisition marks a significant step in the company's strategic development and expansion in the region, enhancing its asset portfolio. Securing key assets in Botswana is a major strategic move that could significantly influence NexMetals' future performance and market positioning.

18 Nov

3

NexMetals Mining Corp. (NEXM) has announced its annual equity incentive grants, aimed at aligning the interests of its employees and shareholders. The grants are part of the company's strategy to attract and retain talent while promoting long-term growth. This initiative reflects NexMetals' commitment to enhancing its operational capabilities and overall performance in the mining sector. The equity incentive grants may positively influence employee motivation and retention, impacting operational performance moderately.

17 Nov

4

NexMetals Mining Corp. has welcomed Condire as a new 9.9% shareholder and announced the successful closing of an $80 million public offering. This capital raise is expected to enhance the company's financial position and support its strategic initiatives. The $80 million public offering and new significant shareholder are likely to significantly impact the company's future and market performance.

12 Nov

3

NexMetals Mining Corp. has filed a final short form prospectus, which is a key step in its capital-raising efforts. The prospectus outlines the terms of the offering and provides potential investors with essential information about the company and its operations. This filing is part of NexMetals' strategy to enhance its financial position and support its ongoing projects. The filing of the prospectus is expected to moderately influence NexMetals' financial performance and market sentiment.

30 Oct

4

NexMetals Mining Corp. has increased its previously announced public offering to $80 million, aiming to enhance its financial position and support ongoing projects. The offering is expected to attract significant investor interest, reflecting confidence in the company's growth potential and strategic initiatives. The upsized public offering is a significant strategic move that could enhance the company's financial resources and market positioning.

4

NexMetals Mining Corp. has announced an upsizing of its public offering to $80 million, indicating strong investor interest and confidence in the company's growth potential. The increased offering aims to enhance the company's financial position and support its strategic initiatives. The upsizing of the public offering is a significant strategic move that could enhance the company's financial resources and market position.

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