Form 8-K
8-K — NexMetals Mining Corp.
Accession: 0001493152-26-036682
Filed: 2026-08-07
Period: 2026-08-07
CIK: 0000795800
SIC: 1000 (METAL MINING)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 7, 2026
NEXMETALS
MINING CORP.
(Exact
name of registrant as specified in its charter)
British
Columbia, Canada
(State
or other jurisdiction of incorporation)
001-42750
00-0000000N/A
(Commission
File
Number)
(IRS
Employer
Identification
No.)
1111
West Hastings Street,
15th
Floor,
Vancouver,
British Columbia, Canada
V6E
2J3
(Address
of principal executive offices)
(Zip
Code)
(604)
770-4334
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Shares, no par value
NEXM
Nasdaq
Stock Market LLC (Nasdaq Capital Market)
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
On
August 7, 2026, NexMetals Mining Corp. (the “Company”) issued a news release announcing that it has filed an independent
National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report supporting
the 2026 Mineral Resource Estimate for its Selkirk Project in Botswana (the “Technical Report”). A copy of this press release
is attached as Exhibit 99.1 hereto and a copy of the Technical Report is attached as Exhibit 99.2 hereto. Exhibits 99.1 and 99.2 are
incorporated herein by reference. The Company undertakes no obligation to update, supplement or amend the materials attached hereto as
Exhibit 99.1. The Technical Report has been filed in Canada under the Company’s profile on SEDAR+ at sedarplus.ca and is being
furnished on this Current Report on Form 8-K. The Company plans to file a related Regulation S-K 1300 compliant technical report on a
Current Report on Form 8-K as soon as reasonably practicable.
Cautionary
Statements to Investors on Reserves and Resources
The
news release and technical report furnished herewith use the terms “mineral resources”, “indicated mineral resources”
and “inferred mineral resources” as such terms are defined under NI 43-101. NI 43-101 is a rule developed by the Canadian
Securities Administrators, which establishes standards for all public disclosure a Canadian issuer makes of scientific and technical
information concerning mineral projects.
On
October 31, 2018, the SEC adopted new mining disclosure rules (“S-K 1300”) that are more closely aligned with current industry
and global regulatory practices and standards, including NI 43-101, with which we comply because we are also a “reporting issuer”
under Canadian securities laws. While S-K 1300 is more closely aligned with NI 43-101 than the prior mining disclosure rules of the Securities
and Exchange Commission, there are some differences. Accordingly, there is no assurance any mineral resources that the Company may report
as “indicated mineral resources” and “inferred mineral resources” under NI 43-101 will be the same as the reserve
or resource estimates prepared under S-K 1300. Investors should not assume that any part or all of indicated mineral resources or inferred
mineral resources will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described
using these terms has a greater amount of uncertainty as to their existence and feasibility than mineralization that has been characterized
as reserves. Accordingly, investors are cautioned not to assume that any “indicated mineral resources”, or “inferred
mineral resources” on the Company’s projects are or will be economically or legally mineable. Further, “inferred resources”
have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, investors
are also cautioned not to assume that all or any part of the inferred resources exist. In accordance with Canadian rules, estimates of
“inferred mineral resources” cannot form the basis of feasibility or other economic studies, except in limited circumstances
where permitted under NI 43-101.
The
information in this Current Report on Form 8-K (including Exhibits 99.1 and 99.2 attached hereto) is being furnished and shall not be
deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or
otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the
Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation
language in such filing.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
No.
Description
99.1
Press Release dated August 7, 2026.
99.2
NI 43-101 Technical Report – June 2026 Mineral Resource Estimate Selkirk Nickel-Copper-PGE Project, Botswana.
104
Cover Page Interactive Data
File (embedded within Inline XBRL document).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
NEXMETALS
MINING CORP.
(Registrant)
By:
/s/
Brett MacKay
Brett
MacKay
Chief
Financial Officer
Date:
August 7, 2026
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit 99.1
NexMetals
Files NI 43-101 Technical Report for
2026
Selkirk Mineral Resource Estimate
Vancouver,
British Columbia, August 7, 2026 – NexMetals Mining Corp. (TSXV: NEXM) (Nasdaq: NEXM) (the “Company”
or “NEXM”) is pleased to announce that it has filed an independent National Instrument 43-101 – Standards
of Disclosure for Mineral Projects (“NI 43-101”) technical report supporting the 2026 Mineral Resource Estimate
(the “2026 MRE”) for its Selkirk Project in Botswana, originally announced on June 24, 2026. Selkirk is a past-producing
copper-nickel-platinum group elements (“PGEs”) project located approximately 75 kilometres northeast of the Company’s
flagship Selebi Project.
The
2026 MRE outlines an Indicated Mineral Resource of 78.2 million tonnes grading 0.66% copper equivalent (“CuEq”), containing
approximately 1.1 billion pounds of copper equivalent, together with an Inferred Mineral Resource of 15.1 million tonnes grading 0.60%
CuEq, containing approximately 200 million pounds of copper equivalent. The 2026 MRE increases the Selkirk Project’s CuEq metal
inventory by approximately 70% and reflects a significant conversion of Mineral Resources from the Inferred to Indicated category following
a successful re-assaying and twin drilling campaign.
The
technical report, entitled “NI 43-101 Technical Report – June 2026 Mineral Resource Estimate Selkirk Nickel-Copper-PGE Project,
Botswana”, was prepared by The MSA Group (Pty) Ltd. (“MSA”) with an effective date of June 22, 2026. The technical
report has been filed under the Company’s profile on SEDAR+ at www.sedarplus.ca, furnished under the Company’s profile
on EDGAR at www.sec.gov and is also available on the Company’s website. The Company plans to file a related Regulation S-K 1300
compliant technical report on a Current Report on Form 8-K on EDGAR as soon as reasonably practicable. There are no material differences
between the technical report and the Mineral Resource Estimate previously disclosed.
Table
1. 2026 MRE Summary
Grade
Classification
Tonnes
(Millions)
NSR
(US$)
Grade
(% CuEq)*
Ni
(%)
Cu
(%)
Co
(%)
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
Ag
(g/t)
Measured
-
-
-
-
-
-
-
-
-
-
Indicated
78.2
56
0.66
0.21
0.23
0.012
0.10
0.42
0.05
0.72
Inferred
15.1
51
0.60
0.18
0.21
0.010
0.09
0.40
0.05
0.77
Total
Contained (Mlbs CuEq)*
Contained
Metal
Ni
(kt)
Cu
(kt)
Co
(kt)
Pt
(koz)
Pd
(koz)
Au
(koz)
Ag
(koz)
Measured
-
-
-
-
-
-
-
-
Indicated
1,138
163
181
9.2
245
1,066
120
1,818
Inferred
200
27
32
1.6
45
193
25
372
*CuEq
is calculated using the formula CuEq
(%)=Cu(%)+Ni(%)*(85.1/91.4)+Co(%)*(93.8/91.4)+Pt(g/t)*(22.4/91.4)+Pd(g/t)*(33.1/91.4)+Au(g/t)*(68.5/91.4)+Ag(g/t)*(0.8/91.4)
Notes:
1.
All tabulated data have been rounded and as a result minor computational errors may occur.
2.
Mineral Resources, which are not Mineral Reserves, have no demonstrated economic viability. There is no guarantee that that all or any
part of the Mineral Resource will be converted into a Mineral Reserve. The estimate of Mineral Resources may be materially affected by
geology, environment, permitting, legal title, taxation, socio-political, marketing, or other relevant issues.
1
3.
kt = thousand tonnes, Mlbs = Million pounds, koz = thousand ounces.
4.
The 2026 MRE has been prepared in accordance with the CIM Definition Standards (2014) and CIM Best Practice Guidelines (2019) with an
effective date of June 22, 2026.
5.
Mineral Resources are reported at a cut-off value of US$25/t Net Smelter Return (“NSR”) defined as received value of final
metal recovered minus off-site costs.
6.
Mineral Resources are estimated using long-term prices of US$9.10/lb Ni, US$5.10/lb Cu, US$20.00/lb Co, US$1,800/oz Pt, US$1,550/oz Pd,
US$3,600/oz Au and US$52.00/oz Ag. The same metal prices were used in CuEq and NSR calculations.
7.
Mineral Resources are estimated using nickel, copper, cobalt, platinum, palladium, gold and silver recoveries of 54%, 88%, 53%, 56%,
78%, 72% and 61%, respectively, derived from metallurgical studies which consider a two-concentrate scenario.
8.
Payabilities and off-site treatment and refining costs were derived from an independent marketing study commissioned by NEXM.
9.
The CuEq value was calculated based on relative recovered value received for each metal excluding costs. Received value for each metal
was calculated using the formula: in-situ grade*concentrator recovery*payability*metal price. The ratio between received copper value
and total other metal value was then used to calculate CuEq, i.e., CuEq = (1+value excluding Cu / Cu value) * Cu grade.
10.
Bulk density has been estimated in the block model based on an extensive data set of measurements taken from drillhole cores.
11.
Mineral Resources are reported within an optimized pit shell using NSR values, mining cost of US$3/tonne (additional US$0.008 per metre
depth from pit rim), concentrate costs of US$20/tonne, G&A of US$1.35 per tonne, 45°pit slope to base of partially weathered
and 60° in fresh rock.
12.
There are no Mineral Reserves.
Mineral
Resource Data and Quality Control
The
historical sampling data was collected by the previous owner and operator, Tati Nickel Mining Company (“TNMC”), which
included Ni and Cu assays and selective Pd, Pd and Au assays. The historical data was verified through completion of eleven twin diamond
drillholes and approximately 6,000 samples taken for assay from the remaining TNMC core by NEXM. Resampling included intervals previously
sampled by TNMC, as well as some extension sampling, and included a full suite of elements including Ni, Cu, Co, Pt, Pd, Au and Ag. Statistical
checks completed by MSA revealed no material bias between the historical and recent sample assays.
Data
from drillholes completed prior to TNMC, as well as TNMC underground drilling and channel sampling, was not verifiable and was not included
in the 2026 MRE. A total of 216 diamond drillholes were used to estimate the 2026 MRE, including the TNMC drillholes, NEXM’s twin
drilling and an infill drillhole completed by NEXM.
The
TNMC assays were completed at the TNMC Phoenix Laboratory. At the time of preparation and analysis, TNMC owned both the Phoenix Mine
and Selkirk, and the laboratory was not independent of the operator. From 2011, the Phoenix Mine Laboratory held accreditation with the
South African National Accreditation System (SANAS), and with the International Organization for Standardization/International Electrotechnical
Commission (ISO/IEC) 17025 for chemical analyses. Ni and Cu were analysed by XRF and Pt, Pd and Au by 50 g lead collection fire assay.
Relative Density measurements were obtained by water immersion method.
The
Company’s drill core was logged, photographed and marked for sampling in nominal lengths of one metre. The core samples were cut
in half longitudinally using a rotating diamond saw. The bagged core samples were given a unique sample reference number, bagged and
despatched to ALS Laboratories Ltd. (“ALS”) in Johannesburg, South Africa for analysis (SANAS Accredited Testing Laboratory,
No. T0387). Samples were analysed for Ni, Cu, and Co using a peroxide fusion preparation and inductively coupled plasma atomic emission
spectrometry (ICP-AES) finish (ME-ICP81). Analyses for Pt, Pd, and Au were by fire assay (30 g nominal sample weight) with an ICP-AES
finish (PGMICP23), also by ALS. A suite of 48 elements, including Ag, was analysed using a 4-acid digest and ICP-AES finish (ME-ICP61).
Specific gravity measurements were also completed by ALS.
2
NEXM’s
drilling and resampling was subjected to a comprehensive programme of quality assurance and quality control by the Company, independent
of the laboratories’ own QA/QC measures, including certified reference materials (5%), blank samples (5%), coarse duplicate samples
(5%) and pulp duplicate samples (5%). The Qualified Person (“QP”), Mr. J.C. Witley (BSc Hons, MSc (Eng.)), is satisfied
that the assay results are of sufficient accuracy and precision for use in Mineral Resource estimation.
Mineral
Resource Estimate
The
2026 MRE was completed by The MSA Group in Johannesburg, South Africa.
The
2026 MRE was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best Practice Guidelines and is reported
in accordance with the 2014 CIM Definition Standards, which have been incorporated by reference into NI 43-101.
The
Selkirk Mineral Resource is contained within the Selkirk Meta Gabbro, which is a massive roughly sub-vertical body plunging at a moderate
dip to the south-southwest approximately 300 to 450 m wide and has been intersected by drilling from surface to over 500 m deep. Sulphide
mineralisation consists primarily of disseminated pyrrhotite and chalcopyrite and veins and pods of massive sulphide. The Selkirk Meta
Gabbro has been intruded by several phases of later dykes which are barren.
Estimation
comprised modelling of the Selkirk metagabbro, dykes and a surface representing the base of oxidation, followed by the construction of
an implicit probability mineralised shell within the metagabbro including drillhole sample intervals greater than an NSR value of US$20.
A three-dimensional block model with parent cells of 20 mX by 20mY by 10mRL and appropriate sub-celling was used to estimate metal grades
and density by ordinary kriging. Volumes representing mined voids and oxidised material were removed and dykes were assigned grades of
zero. NSR was then calculated for each block model cell using the estimated grades, metal prices, recoveries, off-site costs and payabilities.
The Mineral Resource model was classified into the Indicated and Inferred categories, taking into account data quality, geological modelling
uncertainty, drillhole spacing and kriging outputs. The majority of the Indicated Mineral Resource is informed by drillholes closer than
60 m apart up to maximum spacing of 75 m.
The
Mineral Resource was reported using a NSR based optimised pit-shell. Using concentrate costs of US$20/tonne, G&A of US$1.35 per tonne
and royalites of 3% for base metals and 5% for precious metals, blocks that occur within the pit-shell with estimated NSR above US$25/tonne
satisfy cut-off grade criteria and, together with the optimised pit shell, the QP considers that reasonable prospects for eventual economic
extraction (RPEEE) for the Mineral Resource have been demonstrated.
Qualified
Persons
Mr.
J.C. Witley (BSc Hons, MSc (Eng.)) is a geologist with more than 35 years’ experience in base and precious metals exploration and
mining as well as Mineral Resource evaluation and reporting. He is Head of Mineral Resources for The MSA Group (an independent consulting
company), is registered as Pr.Sci.Nat. with the South African Council for Natural Scientific Professions (SACNASP) and is a Fellow of
the Geological Society of South Africa (GSSA). Mr. Witley has the appropriate relevant qualifications and experience to be considered
a “Qualified Person” for the style and type of mineralisation and activity being undertaken as defined in NI 43-101 and is
considered independent of NEXM pursuant to NI 43-101. Mr. Witley has reviewed and approved the technical and scientific information within
this news release pertaining to the 2026 MRE.
Verification
included a site visit by the QP to inspect historical mineralized core, observe existing infrastructure, including the Selkirk underground
ramp and remains of massive sulphide stockpiles at surface, and inspect several surface drillhole collar locations (both historical and
recent). The mineralisation in five of the twin holes was inspected by the QP. In addition, a selection of samples collected by NEXM
have been verified against independently accessed assay certificates, and a random selection of historical database results have been
compared against digital records.
3
Renee
Goold, P.Eng., is a metallurgist with 17 years of experience in the base and precious metals mining industry. Her experience encompasses
the full range of project development, from scoping studies through detailed design and into operations. Ms. Goold is the Manager of
Processing and Metallurgy at Fuse Advisors (a part of SLR) and is registered as a Professional Engineer with Engineers and Geoscientists
British Columbia (EGBC).
The
scientific and technical content of this news release has been reviewed and approved by Sharon Taylor, V.P. Exploration of the Company,
MSc, P.Geo, who is a “qualified person” for the purposes of NI 43-101.
About
NexMetals Mining Corp.
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-platinum group element mines in Botswana. At Selebi, the Company has confirmed the scale of mineralization
is larger than historical estimates, supported by NI 43-101- and Regulation S-K 1300-compliant resource estimates, with ongoing down-hole
geophysics, drilling, and metallurgical programs aimed at expanding resources and supporting future economic studies. The Company is
led by an experienced management and technical team with a proven track record in global mineral projects, emphasizing disciplined execution,
transparent governance, and long-term stakeholder value creation.
For
further information about NexMetals Mining Corp., please contact:
Sean
Whiteford
CEO
info@nexmetalsmining.com
1-866-794-NEXM
(6396)
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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.
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 2026 MRE at the Selkirk Project. 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, the risk that any of the assumptions underlying the 2026 MRE materially vary or prove to
be incorrect, capital and operating costs varying significantly from estimates; the preliminary nature of drilling and metallurgical
test results; payabilities of metals varying from expectations; 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; the feasibility of anticipated commercial options regarding Selkirk such as potential partnerships or a spin-out; 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 SEC on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.ca), 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.
4
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v3.26.1
Cover
Aug. 07, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Aug. 07, 2026
Entity File Number
001-42750
Entity Registrant Name
NEXMETALS
MINING CORP.
Entity Central Index Key
0000795800
Entity Tax Identification Number
00-0000000
Entity Incorporation, State or Country Code
A1
Entity Address, Address Line One
1111
West Hastings Street
Entity Address, Address Line Two
15th
Floor
Entity Address, City or Town
Vancouver
Entity Address, State or Province
BC
Entity Address, Country
CA
Entity Address, Postal Zip Code
V6E
2J3
City Area Code
(604)
Local Phone Number
770-4334
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common
Shares, no par value
Trading Symbol
NEXM
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
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