Northwire Canada EditionThursday, July 30, 2026
Northwire
ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0% ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0%

← Back to our analysis

Original News Release

Nexmetals makes $25M (U.S.) payment for Selebi, Selkirk

Mr. Morgan Lekstrom reports NEXMETALS SECURES TITLE TO SELEBI AND SELKIRK ASSETS IN BOTSWANA FOLLOWING COMPLETION OF MILESTONE PAYMENT Nexmetals Mining Corp. has officially completed the contingent milestone payment of $25-million (U.S.) to the BCL liquidator under the asset purchase agreements for the Selebi and Selkirk assets. This payment confirms that Nexmetals now has unencumbered title to both the Selebi and Selkirk copper, nickel, cobalt and platinum group element 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, chief executive officer 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 coming technical and operational programs in the weeks ahead. About Nexmetals Mining Corp. Nexmetals Mining 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 its team and its 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. We seek Safe Harbor.
View at source ↗