Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Nexmetals Mining ( (TSE:NEXM) ) is now available.
On December 12, 2025, NexMetals Mining Corp. and Chief Executive Officer Morgan Lekstrom agreed that he would step down as CEO effective January 31, 2026, while remaining on the board, under a transition agreement that provides CAD$500,000 in lump-sum compensation, continued vesting and exercise rights for his options and restricted share units, and the possibility of a consulting role that would extend his equity vesting. The board simultaneously approved the appointment of President Sean Whiteford, a 30‑year mining veteran with prior senior roles at BHP, Rio Tinto and Cliffs Natural Resources, as CEO effective the same date, formalizing a succession plan that follows a year in which Lekstrom led a major restructuring, raised more than $145 million, secured title to the Selebi and Selkirk assets and advanced technical work and economic studies on the Botswana projects, signalling a shift from financial turnaround to project development execution for stakeholders.
More about Nexmetals Mining
NexMetals Mining Corp. is a mineral exploration and development company focused on redeveloping previously producing copper, nickel and cobalt mines in Botswana, notably the Selebi and Selkirk assets. The Vancouver-based group positions itself on strong governance and technical depth, with a senior team averaging more than 20 years’ experience across geology, engineering, operations and project development, and has been advancing drilling, metallurgical work and economic studies on its Botswana projects.
Average Trading Volume: 105,825
Technical Sentiment Signal: Sell
Current Market Cap: C$104.7M
For detailed information about NEXM stock, go to TipRanks’ Stock Analysis page.