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Nexmetals Mining ( (TSE:NEXM) ) has shared an update.
On November 17, 2025, NexMetals Mining Corp. announced the successful closing of a public offering, raising C$80 million. The proceeds will be used for prepayment of milestone payments under the Asset Purchase Agreements for the Selebi and Selkirk mines, exploration and development in Botswana, and general corporate purposes. The offering saw significant participation from institutional investors, including Condire Investors, LLC, which acquired a 9.9% stake, and EdgePoint Investment Group, which increased its holding to 17.6%. This financing strengthens NexMetals’ position to advance its strategic objectives and project development.
More about Nexmetals Mining
NexMetals Mining Corp. is a mineral exploration and development company focused on redeveloping copper, nickel, and cobalt resources in Botswana. The company emphasizes transparent governance and has a team with extensive experience in mine discovery and development.
Average Trading Volume: 97,655
Technical Sentiment Signal: Sell
Current Market Cap: C$110.5M
Learn more about NEXM stock on TipRanks’ Stock Analysis page.