NexMetals Mining

What NexMetals Mining does

NexMetals Mining Corp. is a publicly-listed mineral exploration and development company (TSX-V and NASDAQ: NEXM) focused on redeveloping two past-producing copper-nickel-cobalt-platinum group element mines in Botswana: the Selebi Mine (Cu-Ni-Co, underground) and the Selkirk Mine (Cu-Ni-Co-PGE, advanced-stage), located approximately 75km apart within an established mining camp that already includes shafts, power, water, and rail infrastructure. The assets were acquired out of BCL liquidation by predecessor company Premium Nickel Resources (2022) and unencumbered title was completed via a US$25M milestone payment in December 2025. The company is pre-revenue and generates no current product sales; its planned revenue model is the direct sale of separate copper and nickel concentrates (plus cobalt, silver, gold, and PGE by-product credits) to global smelters and commodity trading firms under offtake agreements once the mines are brought back into production.

NexMetals' underlying technology consists of conventional sequential flotation processing producing two distinct concentrates (81.3% Cu recovery at 30.2% Cu grade; 10.9% Ni concentrate grade), targeted exploration using Crone PEM borehole electromagnetic (BHEM) surveys with 3-component fluxgate probes, and deep diamond drilling using company-owned Marcotte HTM2500 and converted Zinex U5/A5 rigs capable of reaching 2,550 metres in NQ core. Active programs include a 30,000-metre drill program at Selebi Main targeting the emerging Flexure Zone and step-out drilling at Selebi North (South Limb expanded 35% down-plunge) and Selkirk, where the June 2026 Indicated resource upgrade of approximately 1.1 billion pounds of copper equivalent (a ~63% increase from the 2024 estimate) re-rated the asset. NI 43-101 and SEC Regulation S-K 1300 compliant resource estimates underpin ongoing metallurgical, engineering, and economic studies.

The go-to-market motion targets enterprise counterparties — smelters and commodity trading firms — for future concentrate offtake agreements, supported by a US$150 million Letter of Interest from the US Export-Import Bank for project debt and an $80 million public offering completed in November 2025 anchored by Condire Investors (9.9%) and EdgePoint Investment Group. The company is led by an experienced management and board team drawn from BHP, Rio Tinto (including Keith Marshall, former Palabora MD and Oyu Tolgoi President), Kinross Gold, De Beers, Lundin Mining, and Alphamin Resources (COO Boris Kamstra, former CEO who built the North Kivu mine to a $1B+ operation). Its principal markets are Botswana (operating) and Canada (corporate domicile), with corporate headquarters in Vancouver, BC, and planned equity listings/investor outreach covering North American institutional and retail mining investors.

Name

NexMetals Mining

Legal name

NexMetals Mining Corp.

Website

https://nexmetalsmining.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

NexMetals Mining Corp. is a TSX-V and NASDAQ-listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-PGE mines in Botswana, with planned revenue from concentrate offtake to global smelters and commodity trading firms.

Ownership category

akta.pro rank

Product category

Copper-Nickel-Cobalt Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Critical Minerals Trading, Offtake & Marketing (IMAKAFAJ)

Keywords

• Copper nickel mining
• Critical metals exploration
• Mineral resource development
• Base metals concentrates
• Platinum group elements

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Concentrate Sales (Pre-Revenue): NexMetals is a pre-revenue exploration and development company. The company plans to generate revenue through the sale of copper concentrates, nickel concentrates, and associated by-product concentrates (containing cobalt, silver, gold, and platinum group elements) produced at its Selebi and Selkirk mines in Botswana. The company has confirmed that both concentrates meet commercial smelter specifications, establishing a pathway to commercial sales without requiring an on-site smelter or hydrometallurgical facility.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

NexMetals Mining Corp. is a mineral exploration and development company focused on redeveloping two past-producing copper-nickel-cobalt (±PGE) mines — Selebi and Selkirk — in Botswana. The company sells (or plans to sell, in pre-revenue stage) separate copper concentrate and nickel concentrate, plus associated cobalt, silver, gold and platinum-group-element by-products, to global smelters and commodity trading firms under offtake agreements. Both assets are permitted, benefit from existing shafts, power, water and rail infrastructure, and are being advanced through diamond drilling, BHEM geophysics and metallurgical test work.

Product overview

NexMetals Mining Corp. is a mineral exploration and development company focused on redeveloping two past-producing critical metals assets in Botswana: the Selebi Mine (copper-nickel-cobalt) and Selkirk Mine (copper-nickel-cobalt-PGE). Both projects are permitted and benefit from existing infrastructure including shafts, power, water, and rail. The company operates as a single-focused portfolio of mining assets rather than a software/SaaS product company.

Differentiator

Problem solved

Functional benefit

Products and services

• Selebi Mine (Copper-Nickel-Cobalt-PGE Project) Past-producing underground copper-nickel-cobalt mine in Botswana with existing infrastructure (shafts, power, water, rail). Currently in resource-expansion and pre-development phase targeting the Selebi Main and Selebi North deposits via surface and underground drilling. Indicated resources of 3.0 Mt @ 2.92% CuEq plus Inferred resources of 24.7 Mt @ 3.40% CuEq.
• Selkirk Mine (Copper-Nickel-Cobalt-PGE Project) Past-producing copper-nickel-cobalt-PGE open-pit/underground project located ~75 km from Selebi Mine in Botswana. Advanced-stage asset with NI 43-101-compliant resource estimate (44.2 Mt @ 0.81% CuEq Inferred, expanded ~70% to ~1.1 billion lb CuEq Indicated following 2026 upgrade) and confirmed metallurgical pathway to produce separate, high-grade, clean copper and nickel concentrates meeting commercial smelter specifications.

Quantifiable outcome

• Selkirk copper recovery improved 16% to 81.3% compared to 2024 MRE; nickel concentrate grade improved 60% to 10.9% Ni
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor.

• Blue Coast ResearchminorStrategic or Co-development Partner · 27 April 2026Blue Coast Research of Parksville, British Columbia conducted metallurgical flotation test work on Selkirk drill core samples, completing locked cycle tests that confirmed the ability to produce separate high-grade copper and nickel concentrates meeting commercial smelter specifications. Their work demonstrated 81.3% copper recovery and 10.9% nickel concentrate grade improvements.
• NH IR Advisory Corp.minorOthers · 19 March 2026NexMetals engaged Toronto-based NH IR Advisory Corp. in March 2026 to provide investor relations and strategic communications services for a 12-month term at a monthly fee of C$12,000. Nisha Hasan, NH IR's Principal, was also granted 44,800 incentive stock options at an exercise price of $3.30 per share.
• David EichenbergminorOthers · 2 February 2026David Eichenberg was appointed VP Geology in February 2026. With 28 years of global mining experience including senior roles at De Beers and Rio Tinto (Chief Geoscientist and QP at Rio Tinto's Diavik Diamond Mine), he brings advanced project, exploration and project generation expertise to advance NexMetals' copper-nickel-cobalt-PGE projects.
• Warwick Morley-JepsonminorOthers · 8 January 2025Warwick Morley-Jepson, former COO of Kinross Gold and former executive at Ivanhoe Mines, was appointed to the board and co-chairs the Safety, Sustainability and Technical Committee. He brings over 40 years of mining leadership experience including operational and executive roles at major mining companies.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Canada Nickel Company: Junior nickel-cobalt developer advancing the Crawford project in Ontario, Canada. Direct peer as a critical-minerals developer focused on nickel and related by-products, with comparable pre-revenue status, resource expansion drilling, and a similar market cap profile.
• Filo Corp: Copper-gold-silver explorer-developer advancing the Filo del Sol project in South America. Direct peer as a junior developer focused on copper-dominant critical metals deposits with large resource bases and ongoing metallurgical and engineering work.
• Alphamin Resources: Sub-Saharan African tin producer with operations in DRC. Direct peer as a junior-to-mid-tier Africa-focused critical metals miner, and the company where COO Boris Kamstra previously served as CEO, building a $1B+ operation - a key reference for NexMetals' own development ambitions.

Broad incumbents

• Sibanye-Stillwater: Major PGE producer (and gold/PGM recycling) with significant PGE operations in South Africa and the US. Relevant comparator for the PGE by-product credits NexMetals expects to receive in its nickel and copper concentrates.
• First Quantum Minerals: Major global copper producer with operations in Africa (Zambia, DRC) and elsewhere. Provides a relevant benchmark for African-jurisdiction copper production economics, capital intensity, and concentrate marketing dynamics.
• Lundin Mining: Diversified mid-tier base metals producer with copper, nickel, zinc operations globally. Comparable as a producer of copper and nickel concentrates with similar downstream customers (smelters/traders), and has historical ties to NexMetals through its former CFO Brett MacKay.
• Ivanhoe Mines: Tier-1 copper-zinc developer-producer (Kamoa-Kakula, Kipushi) with major African operating exposure. Comparable as an Africa-based, large-scale critical metals developer, and historical connection through director Warwick Morley-Jepson.
• Capstone Copper: Mid-tier copper producer operating mines in the Americas. Comparable as a copper-focused producer that sells concentrates to global smelters, providing a relevant benchmark for copper concentrate economics of interest to NexMetals' future offtake.

Emerging players

• Solaris Resources: Copper-gold developer advancing the Warintza project in Ecuador. Emerging peer with a comparable pre-construction critical-copper development profile, large resource base, and similar pathway-to-production milestones.
• Atalaya Mining: European copper producer (Proyecto Riotinto in Spain) with copper concentrate sales to smelters. Comparable as a mid-scale copper concentrate producer that demonstrates the pathway from junior developer to operating producer selling into the same global concentrate market NexMetals targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/namericannickel
• YouTubeyoutube.com/@NexMetalsMining
• Facebookfacebook.com/NexMetalsMiningCorp
• LinkedInlinkedin.com/company/premium-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries1 record

Funding overview

Funding rounds12 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NexMetals Mining