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NexMetals Mining Reports Metallurgical Results Confirming Separate High Grade Saleable Cu-Ni-PGE Concentrates and Demonstrating Improved Recoveries at Selkirk
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") is pleased to
About this update from Nexmetals Mining Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the \"Company\" or \"NEXM\") is pleased to provide an update on ongoing metallurgical work at its Selkirk Project (\"Selkirk\") in Botswana. Selkirk is a past-producing, advanced-stage nickel-copper-platinum group elements (\"PGEs\") project supported by multiple historical economic studies for open pit extraction. Highlights, What This Means: Validated Processing Pathway: Initial Locked Cycle Tests (\"LCT\") results using large diameter core from the 2025 drill program confirm the ability to produce separate copper and nickel concentrates, supporting a viable alternative to historical bulk concentrate production. Strong Metallurgical Results: Copper concentrate achieved 81% recovery at a high 30.2% Cu grade with minimal Ni content (0.62%), while nickel concentrate delivered 10.9% Ni at 54.4% recovery. When compared to the concentrate parameters used in the 2024 Mineral Resource Estimate (the \"2024 MRE\"): Copper recovery in copper concentrate increased 16%, from 70.0% to 81.3% Copper losses to tailings cut by 56%, from 26.2% to 11.4% Nickel concentrate grade jumped 60%, from 6.8% to 10.9% Copper concentrate grade held firm at ~30% Gold, Silver and Cobalt are expected to be payable in the Copper and Nickel concentrates respectively Unlocking Additional Value: PGEs, along with gold, cobalt and silver, which were not comprehensively assayed historically, are now being evaluated, with silver and cobalt being assessed for the first time. These additional metals have the potential to provide meaningful incremental upside to overall project economics. Advancing Toward the Updated MRE (the \"New MRE\"): With recent re-sampling complete (see news release dated March 19, 2026), the New MRE for Selkirk, which will include the LCT results, is underway with completion expected in Q2 2026. Next Steps Complete additional flowsheet development testwork to further improve recoveries and concentrate quality Integrate metallurgical and re-assay results into the New MRE Sean Whiteford, CEO of the Company, commented: \"Selkirk is an advanced, past-producing asset that we believe remains underappreciated, and hence undervalued, in today's market. These metallurgical results announced today mark a major step toward unlocking tha...