NexMetals Mining Corp.
For the period ended Jul 22, 2026. Filed Jul 24, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Jul 22, 2026 · Filed Jul 24, 2026
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Contents
EX-99.1 · Next Steps
Next Steps
| ● | The 2026 Mineral Resource Estimate (“2026 MRE”) remains on track for completion in the third quarter of 2026. |
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| ● | The Company has engaged TECT Geological Consulting to develop an integrated three-dimensional geological and structural model for Selebi North and Selebi Main. The model is expected to enhance the Company’s understanding of the geological controls of mineralization across the mining license, support future resource growth and improve drill targeting of thicker, higher-grade zones, and identify potential regional exploration targets. |
Sean Whiteford, CEO and Director of the Company, commented: “The Selebi Main deposit continues to exceed our expectations. Each phase of drilling has expanded our understanding of the system, while continuing to deliver exceptional grades and thicknesses. Historically, sd119 was viewed as a standalone thick, high-grade massive sulphide intersection. Today, results from SMD-25-205 and SMD-26-212-W1 demonstrate that even at a 200-metre drill spacing, we continue to intersect thick, high-grade massive sulphides. These results are defining an emerging trend extending for more than one kilometre beyond the 2024 MRE. Importantly, the trend remains open, and we are still refining our understanding of the geological and structural controls responsible for these thicker, higher-grade zones.
As we continue to define the scale and geometry of the system, understanding the geological and structural controls on mineralization is becoming increasingly important, not only to enhance drill targeting, but also to support future resource modelling and potential mine planning. We look forward to advancing our understanding through the development of an integrated geological and structural model with TECT Geological Consulting.”
Figure 1:Inclined long section of Selebi Main highlighting drill holes SMD-26-210, 212-W1, 213 and 214 locations relative to the 2024 MRE and the expansion of the Flexure Zone. The Inferred Resource reference in Figure 1 is presented in accordance with NI 43-101, which may not be identical to Inferred Resource references under SK-1300.
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