8-K
NexMetals Mining Corp. (NEXM)
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
Dateof Report (Date of earliest event reported): August 28, 2025
NEXMETALS
MINING CORP.
(Exactname of registrant as specified in its charter)
BritishColumbia, Canada
(Stateor other jurisdiction of incorporation)
| 001-42750 | 00-0000000 N/A |
|---|---|
| (Commission File Number) | (IRS Employer Identification No.) |
| 1111 West Hastings<br><br> <br>Suite 1500<br><br> <br>Vancouver, British Columbia, Canada | V6E 2J3 |
| --- | --- |
| (Address of principal executive offices) | (Zip Code) |
(604)770-4334
(Registrant’stelephone number, including area code)
N/A
(Formername 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<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> 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<br> Shares, no par value | NEXM | Nasdaq<br> 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 October 22, 2025, NexMetals Mining Corp. (the “Company”) issued a news announcing final assay results from its metallurgical test program at the Selebi Mines in Botswana confirming clean, high-grade, saleable copper and nickel-cobalt concentrates. A copy of this press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference. The Company undertakes no obligation to update, supplement or amend the materials attached hereto as Exhibit 99.1.
The information in this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) is being furnished and shall not be deemed to be filed for purposes of Section 18 of 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 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 October 22, 2025 (furnished herewith pursuant to Item 7.01). |
| 104 | Cover<br> 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.<br><br> <br>(Registrant) | |
|---|---|
| By: | /s/ Morgan Lekstrom |
| Morgan<br> Lekstrom | |
| Chief<br> Executive Officer |
Date: October 22, 2025
Exhibit99.1
NexMetalsMetallurgical Assay Results Confirm Clean
Copper& Nickel-Cobalt Concentrates from Selebi Mines
Vancouver,British Columbia, October 22, 2025 – NexMetals Mining Corp. (TSXV: NEXM) (Nasdaq: NEXM) (the “Company” or “NEXM”) is pleased to announce that final concentrate assay results from its bulk sample-based metallurgical test program (see news release dated September 3, 2025) at the past-producing Selebi Mines in Botswana have confirmed the potential to produce clean, high-grade, saleable copper and nickel-cobalt concentrates.
CleanConcentrates Confirmed
| ● | Commercial Specifications: Assays confirm both concentrates potentially meet industry-standard smelter acceptance criteria, establishing<br> a potential pathway to commercial sales. |
|---|---|
| ● | Clean Concentrate: Both the copper and nickel concentrates show very low levels of deleterious elements, including magnesium, cadmium,<br> mercury, fluorine, lead, silica, and arsenic, all are below industry-standard penalty thresholds. This clean profile is highly compelling and could enhance marketability and offtake terms. |
| ● | Low-Capital Restart Pathway: Validates the option for the Company to restart operations without the need for an on-site smelter or hydrometallurgical plant, reducing capital intensity and execution risk. |
NextSteps
| ● | Based<br> on findings from mineralogical studies, investigate opportunity to reduce nickel losses of liberated nickel sulphide fines in nickel<br> rougher tails by minimizing overgrinding and fines generation. |
|---|---|
| ● | Variability<br> testing on additional Selebi samples. |
| ● | Use<br> results to optimize the flowsheet and mining sequence to drive higher overall recoveries. |
MorganLekstrom, CEO of the Company, commented: “These results confirm the success of our flowsheet process testing which demonstrated our ability to produce two separate, high-grade saleable copper and nickel concentrates. The final assays now show that both concentrates are very clean, containing low levels of deleterious elements and potentially meet commercial smelter specifications. Anotherexciting step in our accelerated work program, this further de-risks the project and enhances the marketability of Selebi’s concentrates.”
TechnicalDetails
The geochemical analyses were carried out by Activation Laboratories Ltd. (“Actlabs”), Ancaster, Ontario, Canada, to provide quality assessment of the Copper and Nickel concentrates produced from Selebi Locked Cycle Test 1 carried out at Blue Coast Research labs (see news release dated September 3, 2025). For brevity, only the analyses of potentially payable metals and deleterious elements are given in Table 1. Deleterious elements that can attract penalties in copper concentrate include arsenic, antimony, bismuth, lead, zinc, mercury, fluorine/chlorine, cadmium, selenium, tellurium, silica (SiO2), alumina (AL2O3), and magnesia (MgO). Deleterious elements in nickel concentrate include arsenic, antimony, bismuth, lead, mercury, zinc, chlorine/fluorine, phosphorous, magnesium, aluminum, silica, and carbon.
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Forboth the copper and nickel concentrates, all deleterious elements are well below the industry standard smelter penalty threshold.
Table1. Lock Cycle Test -1 Copper and Nickel Concentrate Quality Assessment
| Analyte | Analytical<br> Method | Unit | Copper<br> Concentrate | Nickel<br> Concentrate | ||||
|---|---|---|---|---|---|---|---|---|
| Potentially Payable Metals | ||||||||
| Ni | 4AD-ICP | % | 0.744 | 10.593 | ||||
| Cu | 4AD-ICP | % | 27.772 | 2.491 | ||||
| Co | 4AD-ICP | % | 0.023 | 0.546 | ||||
| Ag | 4AD-ICP | g/t | 47.5 | 20.2 | ||||
| Au | FA-ICP | g/t | 0.75 | 0.27 | ||||
| Pd | FA-ICP | g/t | 0.57 | 0.64 | ||||
| Pt | FA-ICP | g/t | 0.36 | 0.84 | ||||
| Other Elements | ||||||||
| As | 4AD-ICP | ppm | 4 | 2 | ||||
| Al2O3 | FUS-XRF/FUS-ICP | % | 0.71 | 0.23 | ||||
| Sb | 4AD-ICP | ppm | 51 | 20 | ||||
| Bi | 4AD-ICP | ppm | 10 | 34 | ||||
| Cd | 4AD-ICP | ppm | 33.9 | 9.7 | ||||
| Cl | INAA | % | 0.01 | <0.01 | ||||
| Ctot | Eltra | % | 0.26 | 0.05 | ||||
| F | FUS-ISE | % | <0.01 | <0.01 | ||||
| Fe | 4AD-ICP | % | 36.21 | 50.15 | ||||
| Pb | 4AD-ICP | ppm | 44 | 29 | ||||
| MgO | FUS-XRF | % | 0.26 | <0.01 | ||||
| Hg | 1G | ppb | 19 | 11 | ||||
| Mo | 4AD-ICP | ppm | <1 | 3 | ||||
| Se | 4AD-ICP | ppm | 25 | <10 | ||||
| SiO2 | FUS-XRF/FUS-ICP | % | 0.04 | 0.57 | ||||
| Al2O3 | FUS-XRF/FUS-ICP | % | 0.71 | 0.23 | ||||
| Stot | Eltra | % | 34.88 | 35.73 | ||||
| Te | 4AD-ICP | ppm | 58 | 48 | ||||
| Zn | 4AD-ICP | ppm | 670 | 358 |
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QualityControl
Analyses were performed at Blue Coast Research (“BCR”) in Parksville, British Columbia and Actlabs. BCR used a four acid digestion analyzed by ICP-OES (4AD-ICP) and Combustion-IR by Eltra for Sulfur (S(tot)-ELTRA). Actlabs carried out the remaining analyses using Hg-Cold Vapour AA, Whole rock Analysis-XRF, Short Lived (INAA), Fusion Specific Ion Electrode-ISE and Major Elements Fusion (ICP-OES).
Actlabs is an independent laboratory and accredited by the Standards Council of Canada to the ISO/IEC 17025 standard.
QualifiedPersons
All scientific and technical information in this news release has been reviewed and approved by Norman Lotter, P.Eng., Pr.Eng., C.Eng., FSAIMM, FIMM, Consulting Engineer, and by Sharon Taylor, MSc., P.Geo., Vice President Exploration of the Company, each of whom are “qualified persons” for the purposes of NI 43-101 and Subpart 1300 of Regulation S-K.
TechnicalReport
The mineral resource estimate on the Selebi Mine is supported by the technical report entitled “Technical Report, Selebi Mines, Central District, Republic of Botswana” and dated September 20, 2024 (with an effective date of June 30, 2024) (the “Selebi TechnicalReport”), and prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and is available on SEDAR+ (www.sedarplus.ca) and “S-K 1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana” and dated December 17, 2024, filed in accordance with Subpart 1300 of Regulation S-K on EDGAR (www.sec.gov), and in each case under NEXM’s issuer profile.
AboutNexMetals Mining Corp.
NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana.
NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals’ team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company’s Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development.
Forfurther information about NexMetals Mining Corp., please contact:
Morgan Lekstrom
CEO and Director
morganl@nexmetalsmining.com
Jaclyn Ruptash
V.P., Communications and Investor Relations
jaclyn@nexmetalsmining.com
FollowUs
X: https://x.com/NexMetalsCorp
LinkedIn: https://www.linkedin.com/company/NexMetalsMiningCorp
Facebook: https://www.facebook.com/NexMetalsMiningCorp
Neitherthe TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) northe Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commissionor other regulatory authority has approved or disapproved the information contained herein.
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CautionaryNote Regarding Forward-Looking Statements
Thisnews release contains “forward-looking statements” within the meaning of the United States federal securities laws and “forward-lookinginformation” 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, uncertaintiesand other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressedor implied by such forward-looking information. For the purposes of this release, forward-looking information includes, but is not limitedto: the expectation that the Selebi Mines have the potential to produce clean, high-grade, saleable copper and nickel-cobalt concentrates,and the potential commercial sale of such concentrates; the expectation that the Company will not be required to build a smelter or hydrometallurgicalfacility on the Selebi Mines to restart operations; the expectation that the proposed flow sheet design in respect of the Selebi Mineswill result in lower energy requirements and a reduced environmental footprint; the Company’s anticipation of a faster and moreefficient potential restart of the Selebi Mines; anticipated flexibility in future potential offtake negotiations; the implementationof the objectives, goals and future plans of the Company including the proposed advancement of the Selebi Mines as currently contemplated,including variability testing on additional Selebi samples and flowsheet optimization; the expectation that exploration activities willaccurately predict mineralization; the Company’s expectation that the mineral resource estimate may be materially improved; theexpectation that the Company will implement its drilling, geoscience and metallurgical work on its properties and work plans generally;management’s belief that the historical resource could be indicative of the presence of mineralization on the deposits; and theanticipated benefits of the Company’s approach to the resource development plan. 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 actualresults to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual resultsto differ materially from such forward-looking information include, but are not limited to, the Selebi Mines may not restart or re-enterproduction on the timing anticipated or at all; risks related to the potential commercial sale of concentrates or that such sales donot occur on the timing anticipated or at all; capital and operating costs varying significantly from estimates; the derisking and reducedcapex and energy requirements of the Selebi Mines may not be as anticipated; the Company may not enter into future offtake agreements;the ability of exploration and metallurgical results to predict mineralization, prefeasibility or the feasibility of mine production;the risk that future assay results will not be as anticipated or received when anticipated; delays in obtaining or failures to obtainrequired governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing neededin the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the otherrisks involved in the mineral exploration and development industry; and those risks set out in the Company’s filings with the U.S.Securities and Exchange Commission on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.com), ineach case, under NEXM’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-lookinginformation in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of thedate of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Companydisclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, futureevents or otherwise, other than as required by law.
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