NexMetals Announces Filing of Final Short Form Prospectus

Executive Summary

• NexMetals Mining Corp. filed a final short‑form prospectus for its best‑efforts public offering of up to 14,035,100 units at $5.70 per unit, targeting gross proceeds of approximately $80 million.
• The offering is expected to close on November 17, 2025, and the TSX Venture Exchange has conditionally approved both the offering and the listing of the resulting common shares and warrants.
• Proceeds are intended to fund the redevelopment of NexMetals’ copper, nickel and cobalt assets in Botswana and support ongoing exploration activities.

Key Details

• Units Offered: Up to 14,035,100 units (each unit consisting of one common share and one warrant).
• Price per Unit: $5.70 CAD.
• Maximum Gross Proceeds: Approximately $80,000,070 CAD.
• Closing Date: Expected on November 17, 2025.
• Regulatory Status: Final prospectus filed with securities commissions in all Canadian provinces except Quebec; TSX Venture Exchange has conditionally approved the offering and listing, subject to customary conditions.
• Use of Proceeds (implied): To finance redevelopment of previously producing copper, nickel, and cobalt mines in Botswana and to fund further exploration and project development.
• Access to Prospectus: Available free of charge via SEDAR+ or directly from SCP Resource Finance LP (phone: +1‑416‑637‑2707; email: [email protected]).
• Legal Disclaimer: Offering not registered in the United States; sales to U.S. persons only permissible under applicable exemptions.

Notable Quotes

(No direct quotes were included in the release.)