NexMetals Secures Title to Selebi and Selkirk Assets in Botswana Following Completion of Milestone Payment
NexMetals Secures Title to Selebi and Selkirk
Assets in Botswana Following Completion of
Milestone Payment
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) -
NexMetals Mining Corp. (TSXV:
NEXM) (NASDAQ: NEXM)
(the "
Company
" or "
NEXM
") is pleased to announce that the Company has
officially completed the contingent milestone payment of US$25 million to the BCL Liquidator under the
Asset Purchase Agreements for the Selebi and Selkirk assets. This payment confirms that NEXM now
has unencumbered title to both the Selebi and Selkirk copper, nickel, cobalt and platinum group element
("
Cu-Ni-Co-PGE
") assets.
This milestone follows the Company's recent equity financing, which received strong support from both
new and existing institutional investors. The financing strengthened the balance sheet, provided the
necessary capital needed to further advance the Company's plans in Botswana, and enabled completion
of this key payment. With this step now finalized, the Company is positioned to move forward with
reduced risk while accelerating work programs across both projects.
Morgan Lekstrom, CEO of the Company, commented:
"This marks an important turning point for
our Company. Completing the payment and securing title to the Selebi and Selkirk assets gives us a
clear runway to continue advancing these projects. It represents a major step in our effort to position
these assets for long term growth. We appreciate the trust and support of our shareholders throughout
this process. It is an encouraging moment for NEXM and a solid foundation for the next phase of
development."
The Company will provide further updates on its upcoming technical and operational programs in the
weeks ahead.
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
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Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC 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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States
federal securities laws and "forward-looking information" 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,
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 release, forward-looking information includes, but is not limited to, statements
regarding the expected acceleration and advancement of work programs in Botswana, and the
Company's plans for ongoing project development. 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 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 of unidentified title defects on
the Company's properties in Botswana; changes in equity markets; inflation; fluctuations in
commodity prices; the other risks 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.ca
), in each case,
under the Company'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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/276535