NexMetals Mining Corp. (NASDAQ:NEXM) is one of the worst-performing commodity stocks so far in 2026.
On March 26, 2026, the company said drill hole SMD-26-209 at the Selebi Main deposit in Botswana intersected 10.50 metres of blebby, stringer, and massive sulphides, including 3.05 metres and 5.95 metres of massive sulphides. The hole is part of the company’s ongoing surface drilling program targeting the Flexure Zone, an emerging area outside the 2024 mineral resource estimate.
Photo from Orla Mining website
NexMetals said the visual results were consistent with hole SMD-25-205, which it previously reported returned 11.05 metres grading 7.31% copper equivalent and is located about 350 metres away. The company said the latest intercept supports its interpretation that the Flexure Zone extends down-dip and down-plunge from Selebi Main, with assays from SMD-26-209 still pending.
Chief Executive Officer Sean Whiteford said the hole continued to show thick intervals of massive sulphide mineralization beyond the current mineral resource footprint. He added that step-out drilling in the Flexure Zone was also validating the company’s borehole electromagnetic targeting, with mineralization intersected where modeled.
NexMetals Mining Corp. (NASDAQ:NEXM) is a mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana.
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