NexMetals Mining Corp.
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- NexMetals Mining Corp is a mineral exploration and development company focusing on the redevelopment of previously producing copper, nickel, cobalt, and platinum group metals resources in Botswana. The company’s core products and services include exploration, evaluation, and development of its flagship assets—the Selebi nickel-copper-cobalt sulphide mine and the Selkirk nickel-copper-cobalt-platinum group elements sulphide mine. NexMetals produces copper, nickel, cobalt, and precious metals concentrates, applying advanced metallurgical processing technologies that eliminate the need for costly smelting operations. The company operates primarily in Botswana, holding mining and prospecting licenses in key locations such as the Selebi Phikwe area and near Francistown. Founded originally as Premium Resources Ltd., NexMetals Mining Corp has undergone significant recent strategic transformations and recapitalization efforts. In 2025, NexMetals closed an $80 million equity financing led by institutional investors Condire Capital and EdgePoint Investment Group, which eliminated $21 million in legacy debt and increased institutional ownership to about 75%. This financing supports capital expenditures, exploration, and development programs for 2026 and beyond. The company also addressed critical metallurgical challenges at its Botswana assets through concentrate-splitting technology, which reduced projected capital intensity to below $500 million per project and enabled cobalt recovery for the first time, eliminating the need for a billion-dollar smelter. Additionally, NexMetals secured a non-binding $150 million financing letter of interest from the U.S. Export-Import Bank for its mine redevelopment projects, positioning the company for near-term growth and resource expansion. NexMetals continues aggressive resource expansion with significant drilling results including high-grade copper-nickel-cobalt intercepts at the Selebi North Underground and Selkirk mines, demonstrating the potential for resource growth beyond current estimates. These operational advancements and financial restructuring support NexMetals' strategic objective to transition from exploration to production while targeting the critical metals market essential to clean energy and technology sectors. The company is headquartered in Botswana, serving global markets through its mineral production and development operations.
Company News
NexMetals Nearly Triples Selebi North Indicated Mineral Resources to 8.95 Million Tonnes and Increases Inferred Mineral Resources to 9.48 Million Tonnes
NexMetals Reports 72% Increase in Selebi Main Mineral Resource of 32.47 Mt @ 1.53% Cu, 0.98% Ni Inferred, Selebi North Mineral Resource Estimate Pending
NexMetals Reports 7.55 Metres of 6.48% CuEq (2.70% Cu, 1.83% Ni) in SMD-26-219, Visual Intercept SMD-26-217 Intersects Three Mineralized Zones and Extends High-Grade Trend to Approximately 1.5 Kilometres
NexMetals Extends Trend of Thick Massive Sulphides to 1.45 Kilometres with Visual Intercept in Hole SMD-26-219 at Selebi Main
NexMetals Files NI 43-101 Technical Report for 2026 Selkirk Mineral Resource Estimate
NexMetals Reports 11.15 Metres of 7.65% CuEq (3.10% Cu, 2.21% Ni) at Selebi Main, Highlighting a Kilometre-Scale Trend of Thick, High-Grade Massive Sulphides
NexMetals Increases Selkirk Mineral Resource by 70%, Establishing 1.1 Billion Pounds of Copper Equivalent in the Indicated Category and 200 Million Pounds in Inferred Category
NexMetals' Final Analytical Results Confirm Selkirk Copper and Nickel Clean Concentrates Meet Commercial Smelter Specifications
NexMetals Intersects 11.15 Metres of Massive Sulphide Mineralization at Selebi Main in Drill Hole SMD-26-212-W1, Expanding the Flexure Zone
NexMetals Announces Results of Annual General Meeting of Shareholders
NexMetals Expands the Selebi System Intersecting 10.40 Metres of 6.82% CuEq (3.09% Cu, 1.83% Ni) at Selebi Main, 320 Metres Beyond the 2024 MRE
NexMetals Reports Metallurgical Results Confirming Separate High Grade Saleable Cu-Ni-PGE Concentrates and Demonstrating Improved Recoveries at Selkirk
NexMetals Announces Board of Directors' Nominees for Its Upcoming Annual General Meeting of Shareholders
NexMetals Reports Final Drill Results from Its 2025 Selebi North Underground Program; Confirms High-Grade Continuity with 18.80 Metres of 4.69% CuEq (2.10% Cu and 1.26% Ni)
NexMetals Intersects 10.50 Metres of Sulphide Mineralization at Selebi Main in Drill Hole SMD-26-209, Expanding the Flexure Zone
NexMetals Reports 180.8 Metres of 1.31% CuEq from Selkirk Resampling Program and Engages IR Advisory Firm
Strategically Minded Miners Targeting the Metals the World Cannot Build Without
RETRANSMISSION: NexMetals Reports 11.05 Metres of 7.31% CuEq in SMD-25-205 Located 130 Metres Down-Dip from the Selebi Main Resource Within the Emerging Selebi Main Flexure Zone
NexMetals Reports 11.05 Metres of 7.31% CuEq in SMD-25-205 Located 130 Metres Down-Dip from the Selebi Main Resource Within the Emerging Selebi Main Flexure Zone
NexMetals Announces Board Resignation and Appointment