NexMetals Receives US$150 Million Letter of Interest from the Export-Import Bank of the United States for Its Critical Metals Projects in Botswana
NexMetals Receives US$150 Million Letter of
Interest from the Export-Import Bank of the
United States for Its Critical Metals Projects in
Botswana
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) -
NexMetals Mining Corp. (TSXV:
NEXM) (NASDAQ: NEXM)
("
NEXM
" or the "
Company
") is pleased to announce that it has received a
non-binding letter of interest ("
LI
") from the Export-Import Bank of the United States ("
EXIM
"). The LI
indicates the potential for up to US $150 million in financing, with a maximum 15-year repayment tenor,
to support the re-development of NEXM's Selebi and Selkirk nickel-copper-cobalt-platinum group metal
mines in Botswana.
EXIM has also advised that procurement of U.S. goods and services for the Selebi and Selkirk mines
may be eligible for special consideration under the provisions of Section 402 of EXIM's 2019
reauthorization (P.L. 116-94), under EXIM's China and Transformational Exports Program ("
CTEP
").
Morgan Lekstrom, CEO of NEXM, commented:
"This represents a willingness from the United
States to fund critical metals projects in one of Africa's safest and most stable jurisdictions.
It clearly
denotes the U.S. government's specific interest in Botswana, recognizing both its rich mineral
endowment and the scale of our high-grade projects. Given the quality and size of our resources and the
pace of current activity, we anticipate our aggressive growth trajectory to align with our shared objective
of delivering new, sustainable sources of critical metals for the U.S. and its allies contributing to the future
of the global critical metals supply chain."
The LI is non-binding and as such is not an explicit indication of the financial or commercial viability of a
transaction. Upon receipt of an application for financing, further processing, including standard due
diligence by U.S. EXIM, is required before issuing a final commitment for a potential transaction.
About Export-Import Bank of the United States
The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United
States with the mission of supporting American jobs by facilitating U.S. exports. To advance American
competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing
including
export credit insurance
,
working capital guarantees
,
loan guarantees
, and
direct loans
. As an
independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands
of jobs in exporting businesses and their supply chains across the United States. Learn more at
www.exim.gov
.
About NexMetals 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.
For further information about NexMetals Mining Corp., please contact:
Morgan Lekstrom
CEO and Director
Jaclyn Ruptash
V.P., Communications and Investor Relations
Cautionary Note Regarding Forward-Looking Statements:
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation based on expectations, estimates and projections as at the date of this news
release. Forward-looking information involves risks, uncertainties and other factors that could cause
actual events, results, performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. For the purposes of this news release,
forward-looking information includes, but is not limited to, the potential for the Company to receive
financing from EXIM as contemplated by the LI, the timing of repayment and the potential use of
proceeds therefrom. Such 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 actual results to differ materially from those expressed or implied in these forward-looking
statements. Factors that could cause actual results to differ materially from such forward-looking
information include, but are not limited to, the risk that the Company will not reach a binding agreement
with EXIM for financing on terms contemplated in the LI or at all, as well as those risks set out in the
Company's public disclosure record on SEDAR+ (www.sedarplus.com) under NEXM's issuer profile.
Although the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release. No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained herein.
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/259090