# NexMetals Mining Corp. Common Stock (NEXM)

**Exchange:** NASDAQ  
**Sector:** Basic Materials  
**Market cap:** $53M  
**Price:** $2.55 (+2.41%)

> NexMetals Mining Corp. Common Stock represents ownership in a mineral exploration and development company focused on redeveloping past-producing copper, nickel, cobalt, and platinum group element mines in Botswana. The company's core assets are the Selebi Mine, encompassing Selebi Main and Selebi North deposits, and the Selkirk Mine, both hosting Cu-Ni-Co-PGE sulphide mineralization. NexMetals Mining Corp. advances these projects through activities such as surface and underground drilling, geophysical surveys, metallurgical testing, resource estimation, and flowsheet development to optimize concentrate production. Operating in the basic materials sector, specifically other industrial metals and mining, it engages in acquisition, exploration, and evaluation of mineral properties primarily in Botswana, with subsidiaries supporting operations from Canada and Barbados. Headquartered in Toronto, Canada, the company positions itself as a critical metals supplier in a mining-friendly jurisdiction, emphasizing safe, scalable development with built-in infrastructure at its district-scale projects.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | — | -$2M | -$51M | -$59M | $-2.86 |
| 2024 | — | -$2M | -$40M | -$42M | $-5.00 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $99M | $16M | $83M | $40M | $1M |
| 2024 | $25M | $28M | -$3M | $6M | $19M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$54M | -$3M | -$50M |
| 2024 | -$35M | -$1M | -$39M |

Source: [CompaniesByCap](https://companiesbycap.com/company/NEXM)