NexMetals Reports 180.8 Metres of 1.31% CuEq from Selkirk Resampling Program and Engages IR Advisory Firm
NexMetals Reports 180.8 Metres of 1.31%
CuEq from Selkirk Resampling Program and
Engages IR Advisory Firm
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2026) -
NexMetals Mining Corp. (TSXV:
NEXM) (NASDAQ: NEXM )
(the "
Company
") announces assay results from resource gap hole DSLK-
25-012 and from the remaining 28 holes of its 34-hole resampling program at the past-producing
Copper Nickel Cobalt Platinum Group Elements ("
Cu-Ni-Co-PGE
") Selkirk Mine in Botswana.
Assay Highlights:
DSLK-25-012: 101.00 metres of 0.85% CuEq
(0.28% Cu, 0.29% Ni, 0.01% Co, 0.56ppm Pd, 0.12ppm Pt and 0.05ppm Au)
DSLK076: 94.20 metres of 0.96% CuEq
(0.34% Cu, 0.30% Ni, 0.02% Co, 0.63ppm Pd, 0.13ppm Pt and 0.06ppm Au)
DSLK134: 86.00 metres of 1.06% CuEq
(0.34% Cu, 0.45% Ni, 0.02% Co, 0.55ppm Pd, 0.12ppm Pt and 0.05ppm Au)
DSLK211: 180.80 metres of 1.31% CuEq
(0.52% Cu, 0.39% Ni, 0.02% Co, 0.79ppm Pd, 0.17ppm Pt and 0.11ppm Au)
DSLK258: 68.00 metres of 0.91% CuEq
(0.28% Cu, 0.32% Ni, 0.02% Co, 0.61ppm Pd, 0.13ppm Pt and 0.05ppm Au)
Footwall Mineralization
DSLK077: 6.90 metres of 7.92% CuEq
(5.33% Cu, 1.31% Ni, 0.08% Co, 2.55ppm Pd, 0.56ppm Pt and 0.45ppm Au)
DSLK134: 5.90 metres of 2.79% CuEq
(0.63% Cu, 1.76% Ni, 0.07% Co, 0.73ppm Pd, 0.12ppm Pt and 0.04ppm Au)
Why This Matters
Wide intervals of Cu-Ni-Co-PGE mineralization intersected within the conceptual pit shell.
High grade footwall mineralization is an exploration target.
DSLK-25-012 was drilled to infill a gap in the resource and achieve a minimum drill spacing
density of 60m across the deposit.
All assay results have been received for the 34-hole resampling program and are ready to be
incorporated into an updated Mineral Resource Estimate ("
MRE
"). Historic drillholes were
inconsistently assayed for PGEs, which are expected to contribute approximately one-third of the
deposit's net smelter return value. The resampling program captures intervals that were not
previously analyzed for PGEs, providing additional data for incorporation into the model.
Incorporating PGE values-particularly in mineralization located beyond the current limits of the
2024 Mineral Resource Estimate (the "
2024
MRE
") and within the conceptual pit shell-has the
potential to expand the mineral resource and reduce the strip ratio.
Key Takeaway
Wide intervals of Cu-Ni-Co-PGE mineralization exceeding the current resource cut off grade of
0.46% CuEq were mapped outside the 2024 MRE and within the conceptual pit shell. This data
will be incorporated into the updated MRE expected in Q2 2026.
Sean Whiteford, CEO of the Company, commented:
"The Selkirk drilling and resampling program
continues to deliver wide intervals of Cu, Ni and PGE mineralization. We will be incorporating these
assay results, combined with new metallurgical results, into an updated MRE anticipated in Q2 2026.
Additionally, the exceptional results from DSLK077 (6.90m at 7.92% CuEq) indicate a potential new
footwall zone for further follow up."
The assay results of the resource gap hole and the 28 resampled holes referenced in this press release
are summarized in Table 1 and drillhole information is provided in Table 2.
Table 1: Assay Results-Selkirk Deposit
HOLE ID
FROM
(m)
TO
(m)
1
LENGTH
(m)
2
Est. True
Thickness
(m)
Cu
(%)
NI
(%)
Co
(%)
Pd
(ppm)
Pt
(ppm)
Au
(ppm)
3
CuEq
(%)
DSLK-25-012
15.00
267.00
252.00
236
0.21
0.23
0.01
0.46
0.11
0.04
0.67
incl.
163.00
264.00
101.00
95
0.28
0.29
0.01
0.56
0.12
0.05
0.85
DSLK-25-012
Footwall
299.00
303.85
4.85
4.5
0.45
0.53
0.04
0.40
0.08
0.06
1.19
DSLK026
19.00
26.80
7.80
4
0.18
0.17
0.01
0.45
0.10
0.05
0.57
DSLK026
40.30
61.90
21.60
12
0.29
0.29
0.01
0.64
0.13
0.07
0.90
DSLK031
69.00
71.00
2.00
No estimate
0.25
0.21
0.01
0.45
0.09
0.13
0.68
DSLK056
46.00
123.10
77.10
66
0.22
0.24
0.01
0.48
0.11
0.04
0.70
incl.
90.00
113.00
23.00
19
0.33
0.35
0.02
0.71
0.17
0.04
1.04
DSLK056
133.30
147.60
14.30
12
0.29
0.30
0.01
0.71
0.15
0.06
0.94
DSLK056
157.10
170.00
12.90
11
0.39
0.31
0.02
0.49
0.10
0.07
0.94
DSLK059
59.80
178.00
118.20
100
0.28
0.24
0.01
0.55
0.12
0.05
0.79
incl.
59.80
107.00
47.20
40
0.30
0.28
0.02
0.58
0.13
0.06
0.87
and
114.00
140.00
26.00
22
0.28
0.27
0.01
0.68
0.13
0.04
0.89
and
151.00
178.00
27.00
23
0.35
0.24
0.01
0.60
0.12
0.06
0.88
DSLK070
134.00
203.00
69.00
40
0.23
0.20
0.02
0.37
0.09
0.04
0.62
DSLK070
312.10
322.00
9.90
6
0.36
0.30
0.02
0.58
0.12
0.07
0.95
DSLK072
16.00
48.00
32.00
27
0.20
0.20
0.01
0.43
0.10
0.04
0.61
DSLK072
57.00
85.40
28.40
24
0.14
0.18
0.01
0.38
0.09
0.03
0.52
DSLK072
117.30
137.7
20.40
17
0.31
0.37
0.02
0.83
0.16
0.07
1.09
DSLK072
170.55
193.00
22.45
19
0.27
0.28
0.01
0.55
0.15
0.05
0.84
DSLK076
86.55
222.20
135.65
100
0.29
0.27
0.01
0.54
0.12
0.05
0.83
incl.
128.00
222.20
94.20
70
0.34
0.30
0.02
0.63
0.13
0.06
0.96
*incl.
168.00
216.30
48.30
36
0.43
0.37
0.02
0.75
0.15
0.07
1.17
DSLK077
61.00
75.00
14.00
No estimate
0.20
0.14
0.01
0.32
0.06
0.03
0.50
DSLK077
Footwall
92.00
98.90
6.90
6.90
5.33
1.31
0.08
2.55
0.56
0.45
7.92
DSLK083
22.00
72.10
50.10
42
0.18
0.20
0.01
0.41
0.10
0.04
0.59
DSLK090
14.00
68.30
54.30
38
0.20
0.22
0.01
0.41
0.09
0.03
0.62
DSLK090
94.30
186.00
91.70
64
0.24
0.22
0.01
0.48
0.10
0.04
0.69
DSLK128
44.00
64.00
20.00
10
0.17
0.21
0.01
0.29
0.08
0.03
0.53
DSLK128
158.00
245.75
87.75
44
0.18
0.16
0.01
0.26
0.06
0.03
0.48
DSLK128
254.00
276.95
22.95
11
0.25
0.18
0.02
0.30
0.08
0.02
0.59
DSLK131
42.00
176.80
134.80
101
0.17
0.18
0.01
0.31
0.08
0.03
0.51
DSLK131
235.05
321.00
85.95
64
0.23
0.20
0.01
0.36
0.09
0.04
0.62
DSLK133
52.00
182.25
130.25
130
0.16
0.19
0.01
0.40
0.09
0.03
0.55
DSLK133
189.45
213.80
24.35
24
0.33
0.29
0.01
0.68
0.14
0.06
0.96
DSLK133
219.00
225.00
6.00
6
0.30
0.30
0.01
0.66
0.13
0.05
0.92
DSLK133
239.05
254.70
15.65
15
0.27
0.25
0.02
0.45
0.11
0.05
0.75
DSLK134
173.00
363.00
190.00
155
0.27
0.26
0.02
0.47
0.11
0.05
0.78
incl.
240.00
326.00
86.00
70
0.34
0.45
0.02
0.55
0.12
0.05
1.06
DSLK134
Footwall
446.10
452.00
5.90
5
0.63
1.76
0.07
0.73
0.12
0.04
2.79
DSLK141
95.00
344.80
249.80
195
0.22
0.22
0.01
0.44
0.10
0.04
0.66
DSLK142
190.85
216.00
25.15
21
0.21
0.19
0.02
0.35
0.08
0.04
0.57
DSLK144
77.95
212.00
134.05
113
0.18
0.21
0.01
0.42
0.10
0.03
0.60
DSLK144
223.00
259.00
36.00
30
0.31
0.29
0.01
0.63
0.14
0.06
0.92
DSLK144
278.45
292.00
13.55
11
0.41
0.24
0.02
0.47
0.10
0.09
0.88
DSLK147
269.00
417.70
148.70
147
0.26
0.25
0.01
0.48
0.11
0.05
0.75
DSLK149
178.20
294.00
115.80
115
0.19
0.22
0.01
0.42
0.10
0.04
0.63
DSLK149
Footwall
311.75
322.00
10.25
10
0.16
0.16
0.01
0.32
0.07
0.04
0.47
DSLK151
172.00
230.00
58.00
50
0.15
0.19
0.01
0.42
0.10
0.04
0.55
DSLK151
264.40
320.75
56.35
56
0.20
0.23
0.01
0.49
0.11
0.04
0.67
DSLK196
17.10
22.70
5.60
5
0.28
0.20
0.02
0.29
0.07
0.05
0.63
DSLK211
50.20
231.00
180.80
146
0.52
0.39
0.02
0.79
0.17
0.11
1.31
incl.
76.00
231.00
155.00
125
0.57
0.42
0.03
0.86
0.18
0.12
1.42
*incl.
76.00
199.00
123.00
98
0.64
0.47
0.03
0.96
0.20
0.14
1.59
DSLK224
326.00
383.25
57.25
57
0.28
0.25
0.02
0.48
0.11
0.05
0.78
DSLK224
395.35
448.00
52.65
52
0.23
0.20
0.01
0.39
0.09
0.06
0.63
incl.
395.35
429.00
33.65
33
0.27
0.23
0.01
0.44
0.10
0.07
0.72
DSLK233
59.00
248.00
189.00
145
0.23
0.24
0.01
0.48
0.11
0.04
0.71
DSLK238
168.00
226.00
58.00
No estimate
0.21
0.15
0.01
0.25
0.07
0.04
0.49
DSLK238
327.00
401.00
74.00
28
0.34
0.26
0.02
0.38
0.09
0.05
0.80
DSLK238
Deep footwall
562.00
611.00
49.00
No estimate
0.25
0.20
0.02
0.27
0.06
0.04
0.58
DSLK241
270.00
367.60
97.60
62
0.28
0.24
0.02
0.45
0.10
0.05
0.74
DSLK258
27.00
95.00
68.00
No estimate
0.28
0.32
0.02
0.61
0.13
0.05
0.91
DSLK273
18.00
81.10
63.10
62
0.19
0.22
0.01
0.45
0.10
0.03
0.64
DSLK273
97.80
120.00
22.20
21
0.25
0.23
0.01
0.50
0.10
0.09
0.72
DSLK273
136.70
162.50
25.80
24
0.22
0.21
0.01
0.46
0.11
0.04
0.67
DSLK273
175.55
192.65
17.10
16
0.82
0.70
0.04
0.72
0.16
0.06
1.89
OUTSIDE MRE AND WITHIN CONCEPTUAL PIT
DSK-25-012
15.00
76.00
62.00
58
0.15
0.18
0.01
0.39
0.10
0.04
0.53
DSLK026
19.00
26.80
7.80
4
0.18
0.17
0.01
0.45
0.10
0.05
0.57
DSLK056
50.00
73.00
23.00
20
0.19
0.22
0.01
0.41
0.09
0.03
0.62
DSLK072
16.00
36.00
20.00
17
0.20
0.20
0.01
0.46
0.11
0.04
0.64
DSLK076
86.55
94.70
8.15
6
0.15
0.18
0.01
0.39
0.09
0.03
0.53
DSLK083
22.00
35.00
13.00
11
0.21
0.22
0.01
0.47
0.12
0.04
0.66
DSLK128
44.00
64.00
20.00
10
0.17
0.21
0.01
0.29
0.08
0.03
0.53
DSLK128
153.00
212.00
59.00
29
0.18
0.16
0.01
0.25
0.06
0.03
0.47
DSLK131
42.00
150.00
108.00
81
0.15
0.17
0.01
0.27
0.07
0.03
0.46
DSLK133
52.00
125.00
73.00
73
0.17
0.20
0.01
0.44
0.10
0.03
0.58
DSLK134
173.00
224.00
51.00
42
0.16
0.17
0.01
0.29
0.07
0.04
0.48
DSLK141
95.00
144.00
49.00
38
0.14
0.19
0.01
0.36
0.09
0.03
0.51
DSLK142
190.85
201.00
10.15
9
0.19
0.15
0.01
0.30
0.07
0.04
0.50
DSLK144
77.95
132.00
54.05
46
0.15
0.19
0.01
0.40
0.10
0.03
0.55
DSLK147
269.00
288.00
19.00
18.5
0.16
0.17
0.01
0.30
0.08
0.03
0.48
DSLK151
172.00
208.00
36.00
31
0.12
0.16
0.01
0.37
0.09
0.03
0.47
DSLK196
17.10
22.70
5.60
5
0.28
0.20
0.02
0.29
0.07
0.05
0.63
DSLK238
168.00
226.00
58.00
No estimate
0.21
0.15
0.01
0.25
0.07
0.04
0.49
HOLE ID
FROM
(m)
TO
(m)
1
LENGTH
(m)
2
Est. True
Thickness
(m)
Cu
(%)
NI
(%)
Co
(%)
Pd
(ppm)
Pt
(ppm)
Au
(ppm)
3
CuEq
(%)
1
Length refers to drillhole length and not true width.
2
True thickness is estimated using the MRE wireframe where available. Note that all holes did not cross the entire deposit.
3
CuEq% calculated using the formula Cu% + Ni%*(55.605/53.913) + Pd g/t*(22.948/53.913) + Pt g/t*(14.891/53.913) using metal prices and recoveries
listed in the 2025 Technical Report (as defined below).
Table 2: Drill Collar Information Selkirk Deposit
HOLE ID
1
Easting
1
Northing
1
Elevation
Dip
Azimuth
Hole Length
(m)
DSLK-25-012
575328.7
7642374.6
982.5
-89.1
231.3
325.8
DSLK026
575631.9
7642799.4
997.8
-70.0
35.0
158.1
DSLK031
575637.9
7642902.9
1004.2
-70.0
35.0
86.7
DSLK056
575452.9
7642494.9
986.0
-70.0
47.7
236.3
DSLK059
575557.2
7642713.8
993.1
-87.0
288.0
219.4
DSLK070
575236.5
7642498.8
984.0
-70.0
35.0
459.0
DSLK072
575416.6
7642446.5
984.5
-69.0
29.0
227.9
DSLK076
575334.4
7642430.1
984.3
-70.0
35.0
305.0
DSLK077
575614.9
7642954.5
1004.7
-90.0
150.0
155.4
DSLK083
575383.6
7642396.3
983.7
-70.0
35.0
264.1
DSLK090
575440.4
7642578.3
988.4
-70.0
35.0
301.5
DSLK128
575202.6
7642450.3
984.8
-70.0
34.5
523.6
DSLK131
575252.1
7642415.5
984.0
-70.0
37.7
414.5
DSLK133
575319.1
7642295.7
980.5
-70.0
38.8
274.5
DSLK134
575183.3
7642318.2
981.6
-70.0
32.3
494.4
DSLK141
575232.1
7642283.4
981.2
-71.1
33.2
374.2
DSLK142
575300.3
7642381.5
982.5
-61.7
304.7
348.1
DSLK144
575281.7
7642249.0
980.8
-70.8
33.9
312.1
DSLK147
575163.5
7642184.8
983.8
-70.0
33.8
462.5
DSLK149
575246.6
7642200.2
982.2
-69.6
30.5
353.8
DSLK151
575212.5
7642150.7
983.3
-70.0
33.5
417.6
DSLK196
575559.8
7642983.9
1000.4
-84.1
164.6
112.4
DSLK211
575464.6
7642745.8
998.1
-88.0
307.1
339.8
DSLK224
575104.6
7642166.6
985.7
-69.3
33.3
596.0
DSLK233
575352.4
7642461.1
985.5
-87.6
330.7
362.1
DSLK238
575275.9
7642580.2
985.7
-86.6
203.9
771.6
DSLK241
575301.7
7642625.9
989.4
-90.0
360.0
370.3
DSLK258
575528.0
7642595.2
987.6
-90.0
360.0
158.0
DSLK273
575490.4
7642585.1
987.9
-89.1
360.0
228.5
1
Coordinates are WGS84z35S with geoidal elevations
Figure 1:
Location 2025 Resampled drillholes and Mineral Resource Estimate
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/289138_a2d5b1b1743f69b9_002full.jpg
NEXM Engages NH IR Advisory Corp.
The Company is pleased to announce that it has engaged NH IR Advisory Corp. ("
NH IR
"), a Toronto-
based investor relations and corporate communications firm, to provide investor relations and strategic
advisory services.
The engagement is for an initial term of twelve months (the "
Agreement
"), unless terminated earlier in
accordance with its terms. Pursuant to the Agreement, the Company will pay NH IR a monthly fee of
C$12,000. In addition, the Company has agreed to grant Nisha Hasan, NH IR's Principal, incentive stock
options (the "
Options
") valued at C$72,000, with the number of Options to be granted being determined
by dividing C$72,000 by the fair value per Option as at the date of grant (using the Black-Scholes option
pricing model), to purchase common shares of the Company. The Options will be exercisable for a
period of five years at an exercise price equal to the closing price of the common shares on the TSX
Venture Exchange ("
TSVX
") on the date prior to the date of grant. The Options will vest over a twelve-
month period, with one-quarter vesting every three months from the date of grant.
NH IR is an arm's length service provider to the Company and does not have any direct or indirect
interest in the Company or its securities, nor any right or intent to acquire such an interest, other than
pursuant to the Agreement. The engagement of NH IR remains subject to the approval of the TSXV.
Sean Whiteford, CEO of the Company, commented:
"I'm also happy to announce that Nisha Hasan
of NH IR Advisory Corp, has been engaged to provide investor relations and corporate communication
services to the company. We welcome Nisha to the NEXM team"
About NH IR Advisory Corp.:
NH IR is a boutique investor relations and strategic communications firm
supporting a select group of public and private companies in navigating the capital markets and
strengthening engagement with the investment community. Led by Nisha Hasan, NH IR brings over 25
years of collective experience across the mining sector and capital markets, delivering tailored investor
relations strategies and integrated communications programs designed to strengthen investment
messaging, establish market presence, and enhance reputation over the long term.
Technical Report
The 2024 MRE on the Selkirk Mine is supported by the Technical Reports entitled "NI 43-101 Technical
Report Selkirk Nickel Project, North East District, Republic of Botswana", dated January 8, 2025 (with
an effective date of November 1, 2024 (the "
2025 Technical Report
") and "NI 43-101 Technical
Report, Selkirk Nickel Project, Northeast District, Republic of Botswana" dated April 12, 2023 (with an
effective date of March 31, 2023). Reference should be made to the full text of the Technical Reports for
the assumptions, qualifications and limitations set forth therein, which were prepared in accordance with
NI 43-101 and copies of which are available on SEDAR+ (
www.sedarplus.ca
) under the Company's
issuer profile.
Quality Control
Historic drill core samples are NQ (47.6 mm diameter) that were previously sawn in half. All current
samples are ¼ core cut by a diamond saw on site. The remaining ¼ core is retained for reference
purposes. Samples are generally 0.30 metre or less and correspond to the historic sample intervals.
Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa.
Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a
range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch.
Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-
ICP81).
Qualified Person
All scientific and technical information in this news release has been reviewed and approved by Sharon
Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of
National Instrument 43-101.
About NexMetals Mining Corp.
NexMetals Mining Corp. is a mineral exploration and development company that is focused on the
redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the
Company in the Republic of Botswana.
NexMetals is committed to governance through transparent accountability and open communication
within our team and our stakeholders. NexMetals' team brings extensive experience across the full
spectrum of mine discovery and development. Collectively, the team has contributed to dozens of
projects, including work on the Company's Selebi and Selkirk mines. Senior team members each have
on average, more than 20 years of experience spanning geology, engineering, operations, and project
development.
For further information about NexMetals Mining Corp., please contact:
Sean Whiteford
CEO and Director
Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts
responsibility for the adequacy or accuracy of this news release. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the information
contained herein.
Follow Us
X:
https://x.com/NexMetalsCorp
LinkedIn:
https://www.linkedin.com/company/NexMetalsMiningCorp
Facebook:
https://www.facebook.com/NexMetalsMiningCorp
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States
federal securities laws and "forward-looking information" within the meaning of applicable Canadian
securities legislation (collectively, "forward-looking information") based on expectations, estimates
and projections as at the date of this news release. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward-looking information.
For the purposes of this release, forward looking information includes, but is not limited to, the
implementation of the objectives, goals and future plans of the Company including the potential of
expanding the mineral resource and reducing the strip ratio; releasing an updated MRE in Q2 2026;
PGEs contributing approximately one-third of the deposit's net smelter return value; and the potential
of new footwall zone for further follow up. These forward-looking statements, by their nature, require the
Company to make certain assumptions and necessarily involve known and unknown risks and
uncertainties that could cause actual results to differ materially from those expressed or implied in
these forward-looking statements. Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, capital and operating costs varying
significantly from estimates; the preliminary nature of drilling and metallurgical test results; the ability
of exploration results to predict mineralization; the risk that the Company will not be able to expand or
enhance its current mineral resource estimates; the ability of the Company to implement its drilling,
geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the
feasibility of mine production; delays in obtaining or failures to obtain required governmental,
environmental or other project approvals; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices;
delays in the development of projects; the other risks involved in the mineral exploration and
development industry; and those risks set out in the Company's filings with the U.S. Securities and
Exchange Commission on EDGAR (
www.sec.gov
) and public disclosure record on SEDAR+
(
www.sedarplus.com
), in each case, under the Company's issuer profile. Although the Company
believes that the assumptions and factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on such information, which only
applies as of the date of this news release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/289138