NexMetals Mining Corp (NEXM) Financings
TSXV: NEXM · Copper, Nickel, Cobalt · Advanced Exploration stage
- Market cap$70.2M
- Share price$1.97
- 52-week range$1.94 – $8.30
- Shares outstanding35,654,164
- ExchangeTSXV
- Websitenexmetalsmining.com
NexMetals Mining Corp. is a TSX.V and NASDAQ listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana. NexMetals has confirmed the scale of mineralization is larger than historical estimates, supported by NI 43-101- and Regulation S-K 1300-compliant resource estimates, with ongoing down-hole geophysics, drilling, and metallurgical programs aimed at expanding resources and supporting future economic studies. The Company is led by an experienced management and technical team with a proven track record in global mineral projects, emphasizing disciplined execution, transparent governance, and long-term stakeholder value creation.
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NexMetals Mining Corp financial statements
Key figures read from 43 of 43 financial statement filings, Nov 16, 2016 to Aug 17, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 thousands | |
|---|---|---|---|---|---|
| Cash and equivalents | — | C$6,105,933 | C$19,245,628 | C$5,162,991 | C$1,973 |
| Total current assets | C$46,475,537* | C$7,618,243 | C$20,890,908 | C$6,438,346 | C$2,247 |
| Total current liabilities | — | C$4,655,182 | C$5,891,289 | C$12,462,372 | — |
| Working capital | — | C$2,963,061 | C$14,999,619 | (C$6,024,026) | — |
| Exploration and evaluation assets | — | C$8,846,821 | C$8,594,798 | C$31,823,982 | C$39,099 |
| Property, plant and equipment | C$9,312,414 | C$8,488,405 | C$8,488,499 | C$3,394,670 | C$16 |
| Total assets | C$98,518,580 | C$24,953,469 | C$37,974,205 | C$41,656,998 | C$41,683 |
| Debt | C$0 | C$18,983,212 | C$17,956,423 | — | — |
| Total liabilities | — | C$28,400,529 | C$28,228,519 | C$14,468,654 | C$480 |
| Shareholders' equity | — | — | C$9,745,686 | C$27,188,344 | C$41,203 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 thousands | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$36,113,842 | C$29,651,360 | C$19,179,663 | (C$69,366) | — |
| General and administrative | C$8,423,722 | C$7,980,178 | C$8,674,041 | (C$2,418,984) | (C$1,159) |
| Share-based compensation | — | — | C$657,138 | (C$7,731,117) | (C$2,531) |
| Impairments and write-downs | C$501,497 | — | — | — | — |
| Net income (loss) | (C$59,086,325) | (C$42,420,283) | (C$32,376,069) | (C$36,410,469) | (C$3,996) |
Cash flow statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 thousands | |
|---|---|---|---|---|---|
| Operating cash flow | (C$47,580,572) | (C$37,599,434) | (C$30,891,318) | (C$5,518,226) | (C$1,474)* |
| Investing cash flow | (C$37,228,172) | (C$1,022,231) | (C$2,480,139) | (C$18,609,489) | (C$514)* |
| Financing cash flow | C$119,684,989 | C$25,346,644 | C$46,938,326 | C$28,773,774 | C$3,653 |
| Exploration spending (capitalized) | (C$34,441,488) | C$0 | (C$483,883) | (C$28,924,135) | (C$122) |
| Property, plant and equipment spending | (C$2,786,684) | (C$1,022,231) | (C$4,746,256) | (C$737,271) | — |
| Proceeds from share issues | C$126,000,070 | C$27,499,999 | C$39,774,312 | C$23,404,857 | C$1,900 |
| Change in cash | C$33,674,451 | (C$13,139,695) | C$14,082,637 | C$3,172,788 | C$1,665 |
| Cash at end of period | C$39,780,384 | C$6,105,933 | C$19,245,628 | C$5,162,991 | C$1,973 |
* Calculated from the statement's own lines: the company did not print this total with a label.
NexMetals Mining Corp financings
1 financing announced or closed by NexMetals Mining Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-10-28 | NexMetals Mining Corp (NEXM) | Private placement, brokered | Closed, 1 tranche | $80.0M | $5.70 | NexMetals Announces C$65 Million Public Offering of Units Upsized from $50 Million Due to Strong Demand |
NexMetals Mining Corp debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments NexMetals Mining Corp has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-03-18 | Loan, repaid / settled | Cymbria Corporation | C$20.88M | — |
| 2025-02-18 | Loan, repaid / settled | — | C$20.88M | 10%, matures 2026-06-28 |
| 2023-03-17 | Loan, amended | Province of Ontario | C$7M | matures 2023-11-24 |
| 2023-01-30 | Loan, amended | — | C$27M | — |