[SMM Flash News] NexMetals' Selkirk Project Resource Surges by Nearly 70%, Boosting Copper Equivalent to 1.1 Billion Lbs
NexMetals Mining announced a nearly 70% resource upgrade at its Selkirk copper-nickel-PGE project in Botswana, boosting its indicated category to approximately 1.1 billion lbs of copper equivalent (78.2 million tonnes at 0.66% CuEq) through successful re-assaying and twin drilling. The total contained metal inventory surged 63% from the 2024 estimate, driven by improved metallurgical recoveries and the inclusion of cobalt, silver, and gold as payable metals. Although the C$114 million market cap company saw its shares briefly jump 10% before paring gains amid broader market weakness, the significantly upgraded project is now positioned to be a major driver of its regional growth strategy.