(18)
At the same time, fresh copper discoveries have collapsed since 2010 and new mines take years to move from exploration to production. (5)(6)
A significant amount of current output flows from regions where
rule-of-law is uncertain. (4)
The world is headed for a structural deficit by 2026, and as prices climb higher, the scramble for reliable, high-grade sources grows ever more urgent. (4)
That is exactly where NEXM comes into focus. 🔎
The Unmatched
Advantage of NEXM Today
NexMetals Mining Corp. (Nasdaq: NEXM) is not another speculative flyer promising dreams of future deposits. It owns two permitted, past-producing copper-nickel complexes in Botswana, one of the globe’s safest and most supportive mining jurisdictions. (7)
Each site offers a range of existing key infrastructure including shafts, water, power lines
and rail access.
That existing infrastructure can accelerate return to production by years compared to greenfield projects that still need infrastructure development, multi-year permitting, environmental studies, and feasibility work. (5)
The Selebi Complex and Selkirk Mine together form a powerhouse
story.
Selebi delivered nearly 40 million tonnes of ore from 1980 through 2016 under BCL Limited before mothballing not because of geology but due to a failure of the smelter. (8)
Today the Selebi Complex reports an Inferred Resource of 24.7 million tonnes at 3.40 percent CuEq plus an Indicated resource of 3 million tonnes at 2.92 percent CuEq. (11)
Selkirk once produced over one million tonnes of ore. (16)
Current drilling and resampling support a resource base of 44.2 million tonnes at 0.81 percent CuEq, bolstered by platinum and palladium by-products. (16)
These grades compare favourably to many open-pit copper porphyries in the junior space, which often carry grades
below 0.6 percent. (2)
Planned metallurgical testing at Selkirk will investigate whether XRT ore-sorting has the potential to significantly lift head grades and unlock an additional revenue stream from platinum group elements.
Both sites are already permitted for project advancement.
At Selebi, shafts and drifts remain accessible for underground
drilling at a fraction of the cost and time required for surface programs.
Power and water infrastructure stands ready to support potential future production.
That means NEXM can focus its capital on value-creating exploration, engineering and metallurgical optimization rather than years of baseline work.
Selebi Complex – High-Grade Heart of the Story
The Selebi Complex
is a textbook example of brownfield revival at its finest.
Strong historical production and the existing infrastructure which includes two shafts, underground drifts, and grid power lines feeding directly to the site.
Recent drilling campaigns have targeted extensions beyond the known limits, infill drilling to convert Inferred to Indicated resources and a two-kilometre corridor between Selebi North and Selebi Main—known as the Hinge
Zone.
Recent assays returned intercepts such as 27.55 metres at 4.97 percent CuEq, including 19.55 metres at 5.90 percent CuEq (13)
Initial metallurgical test work indicates excellent recoveries of 92.4% copper and 72% nickel, with low energy consumption in flotation circuits.(12)
Exploration drifts at Selebi North allow crews to drill at depth. That access speeds up deep-zone exploration and slashes
drilling costs.
Selkirk Mine – Platinum Credits Add Optionality
Selkirk may operate at lower grades compared to Selebi, but its scale and by-product potential transform it into a second growth engine.
Historic mining between 1989 and 2002 extracted over one million tonnes of ore at robust grades. Though the mine was closed when the high grade ore was exhausted, a wide halo (>100 metres thick)
of lower grade remains. (16)
The current Mineral Resource Estimate of 44.2 million tonnes at 0.81 percent CuEq includes significant platinum and palladium credits that could
add significantly to project revenues. (16)
Selkirk’s XRT ore-sorting trials are underway to quantify potential head-grade uplift and improvements in copper, nickel and PGM recoveries pending final lab results. (17)
Surface drilling and historic core resampling programs at Selkirk are already underway to
refine metallurgical parameters and define high-value zones for potential mining.
A Wave of Catalysts Primed for 2025
NexMetals Mining Corp. (Nasdaq: NEXM) is engineered to deliver a series of discrete value inflection points over the coming months, any one of which could trigger a surge in market attention:
- Hinge Zone Drilling may prove the existence of more mineralization linking
the Selebi North and Main deposits.
- Underground Access Drilling at Selebi North grants low-cost exploration at depth, and has already defined high-grade areas below the existing resource.
- Metallurgical and XRT Ore Sorting Studies aim to lift overall head grades and reduce operating costs, a near-term lever that could transform project economics.
Each milestone carries the potential to shift perceptions from “hidden gem” to
“must-have name.”
Together they form a cascade of catalysts that could drive a sustained rerating for NEXM well into 2026 and beyond.
Rock-Solid Financial Position and Leadership Network
With CA$67 million recent recapitalization including minimal legacy debt, NexMetals Mining Corp. (Nasdaq: NEXM) is fully funded through all
near-term growth programs, including expansion drilling, underground development, trade-off studies and metallurgy. (9)
Funding was led by the Fiore Group, chaired by veteran entrepreneur Frank Giustra, and EdgePoint Investment Group. (9)
That backing brings not just capital but deep industry relationships, board-level expertise and
credibility that few juniors can match. (10)
Over the past 12 months, NexMetals has completed more than 100 drill holes across Selebi and Selkirk, advancing both resource definition and exploration targets. (15)
Frank Giustra’s involvement is more than symbolic.
His track record
includes creating Wheaton Precious Metals and spearheading deals at Goldcorp.
His network offers exposure to strategic relationships and potential financing opportunities that could be harder to access for other groups.
These potential new relationships could help advance progress. 🏎️
Strategic U.S. Financing Interest
On July 17, 2025, NexMetals received a non-binding letter of
interest from the U.S. Export-Import Bank for up to US $150 million over a 15-year tenor to accelerate Selebi and Selkirk redevelopment.
- U.S. goods/services eligible under EXIM’s Section 402 CTEP
- De-risks project economics and strengthens U.S. supplier ties
This EXIM backing could not only offer vital funding but also validates NexMetals’ strategic roadmap and accelerates its emergence as a leading supplier of high-grade
critical metals.
Botswana – A Top-Tier Jurisdiction
Not every country welcomes miners with open arms.
Botswana ranks among the top jurisdictions globally for policy predictability, rule of law and social license. (7)
Local infrastructure improvements benefit both the nation and NEXM, creating a virtuous cycle of
growth and stability.
NEXM prioritizes local employment, skills training, local procurement and community development initiatives at Selebi and Selkirk.
This stakeholder engagement underpins social license, streamlines permitting and strengthens local relationships.
