NEXM · NASDAQ · Other Precious Metals

NexMetals Mining (NEXM)

Redevelops two past-producing Botswana copper-nickel-cobalt-PGE mines through exploration, metallurgy, and economic-study work.

$2.30
At close−0.08 (−3.16%)
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NexMetals Mining Corp.NEXMMaterials

Redevelops the Selebi and Selkirk past-producing base-metals mines in Botswana through exploration and evaluation. Its work spans drilling, geophysics, and metallurgy to expand resources and support future economic studies.

Redevelops the Selebi Main/Selebi North and Selkirk mines in Botswana, a two-asset program centered on past-producing copper, nickel, cobalt, and platinum-group-element assets. The formal business is exploration and evaluation rather than current mine production, with existing local infrastructure and permitted mines underpinning the work.

Drilling, geophysics, resource-definition work, and metallurgy are intended to expand resources and support future economic studies. Ownership of the mines, acquired from liquidation, includes retained royalties held by the BCL liquidator and contractual repurchase rights. Progress therefore depends on technical results from resource-definition and metallurgical programs and on completion of economic studies.

Company facts

CEOSean Whiteford
ListedJul 16, 2025
ExchangeNASDAQ
HeadquartersVancouver, Canada
CountryCanada
Employees204
CIK0000795800
ISINCA65346E2042

Market cap$81.3M
EPS (ttm)−$1.65
P/E (ttm)−1.38
ROE-86.1%
P/B1.80
P/S0.00
Dividend yieldDiv yield
Beta1.46vs XLB 0.96

No analyst consensus on record.

Next report
Nov 12, 2026
estimated · in 70 days
EPS estimate
−$1.34
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Aug '25Nov '25May '26Jun '26Aug '26Nov '26
Reported−$0.51−$0.54−$0.22−$0.22−$0.24Pending
Estimate−$0.27−$0.26−$0.27−$1.34−$1.32−$1.34
Surprise−88.9%−104.6%+17.8%+83.5%+81.8%

RevenueReportedEstimate

Aug '25Nov '25May '26Jun '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$1.34
ReportedDue Nov 12, 2026
Estimate
ReportedDue Nov 12, 2026
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Debt to equity2.80%
Current ratio515.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$12.0M−$11.3M−$15.2M−$15.1M−$16.0M−$12.8M−$7.6M−$8.4M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$11.2M−$11.3M−$8.6M−$14.9M−$15.0M−$12.3M−$7.6M−$8.6M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $11.9M · Total debt $1.2M · Total assets $49.8M · Shareholders' equity $43.5M

Revenue
$0
Operating income
−$8.6M
Net income
−$8.4M

Reported in CAD, converted at the latest exchange rate

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No dividends on record.

Institutions17 holders · as of Mar 31, 202618.80%6.70M shares
Otherremainder81.20%28.95M shares

35.65M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Condire Management, LPInstitution
9.86%3.51M13Fas of Mar 31, 2026
Extract Advisors LLCInstitution
2.29%815,20613Fas of Mar 31, 2026
Morgan StanleyInstitution
1.86%664,30413Fas of Mar 31, 2026
Bank of America Corp /DE/Institution
1.67%595,12213Fas of Mar 31, 2026
Federation Des Caisses Desjardins du QuebecInstitution
1.46%520,41213Fas of Mar 31, 2026
See all 17

13F — a manager's quarterly holdings

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Not reported.