Mentioned:
There’s a new mineral exploration company on the Nasdaq. And they’re focused on redeveloping some of the most historic mining projects in the history of Botswana.
What’s happening:
- NexMetals Mining (NASDAQ: NEXM) has officially begun trading on the Nasdaq
Why it matters:
- NexMetals Mining owns the historic Selebi project, which is one of the largest copper, nickel and cobalt projects in all of Botswana
Going deeper:
- The Selebi project was formerly in full scale operation for more than two decades and produced more than 100,000 tonnes of nickel and 90,000 tonnes of copper
- NexMetals Mining previously raised $46M CAD in an equity financing round to advance their Botswana based properties, which saw notable participation from legendary Canadian mining entrepreneurs Frank Giustra and Andy Bowering
The intrigue:
- NexMetals Mining also owns the Selkirk project located in Botswana, which previously was also a past producing mine with large scale deposits of copper, nickel, cobalt and platinum group elements
