NexMetals Receives US$150 Million Letter of Interest from the Export-Import Bank of the United States for Its Critical Metals Projects in Botswana
NexMetals Mining (NASDAQ: NEXM) has received a non-binding letter of interest from the Export-Import Bank of the United States (EXIM) for potential financing of up to US$150 million with a 15-year repayment term. The funding would support the re-development of NEXM's Selebi and Selkirk nickel-copper-cobalt-platinum group metal mines in Botswana.
The project may qualify for special consideration under EXIM's China and Transformational Exports Program (CTEP). The letter indicates U.S. government's strategic interest in supporting critical metals projects in Botswana, though it requires further due diligence and processing before a final commitment.
NexMetals Mining (NASDAQ: NEXM) ha ricevuto una lettera di interesse non vincolante dall'Export-Import Bank degli Stati Uniti (EXIM) per un possibile finanziamento fino a 150 milioni di dollari USA con un termine di rimborso di 15 anni. Il finanziamento sosterrà il rilancio delle miniere di nichel-rame-cobalto-metalli del gruppo del platino di Selebi e Selkirk di NEXM in Botswana.
Il progetto potrebbe beneficiare di una considerazione speciale nell'ambito del Programma di Esportazioni dalla Cina e Trasformazionali (CTEP) di EXIM. La lettera evidenzia l'interesse strategico del governo degli Stati Uniti nel supportare progetti di metalli critici in Botswana, sebbene sia necessaria un'ulteriore due diligence e valutazione prima di un impegno definitivo.
NexMetals Mining (NASDAQ: NEXM) ha recibido una carta de interés no vinculante del Banco de Exportación e Importación de los Estados Unidos (EXIM) para un posible financiamiento de hasta 150 millones de dólares estadounidenses con un plazo de reembolso de 15 años. Los fondos apoyarían el re-desarrollo de las minas de níquel-cobre-cobalto-metales del grupo del platino de Selebi y Selkirk de NEXM en Botsuana.
El proyecto podría calificar para una consideración especial bajo el Programa de Exportaciones Transformacionales y China (CTEP) de EXIM. La carta indica el interés estratégico del gobierno de EE. UU. en apoyar proyectos de metales críticos en Botsuana, aunque requiere un análisis y procesamiento adicional antes de un compromiso final.
NexMetals Mining (NASDAQ: NEXM)는 미국 수출입은행(EXIM)으로부터 최대 1억 5천만 달러 규모의 잠정적인 자금 지원 의향서를 받았으며, 상환 기간은 15년입니다. 이 자금은 NEXM의 보츠와나에 위치한 Selebi와 Selkirk 니켈-구리-코발트-백금족 금속 광산 재개발을 지원할 예정입니다.
이 프로젝트는 EXIM의 중국 및 변혁적 수출 프로그램(CTEP) 하에서 특별 고려 대상이 될 수 있습니다. 해당 의향서는 보츠와나의 핵심 금속 프로젝트를 지원하려는 미국 정부의 전략적 관심을 나타내지만, 최종 약속 전 추가 실사와 검토가 필요합니다.
NexMetals Mining (NASDAQ : NEXM) a reçu une lettre d'intérêt non contraignante de la part de la Banque d'Export-Import des États-Unis (EXIM) pour un financement potentiel allant jusqu'à 150 millions de dollars US avec une durée de remboursement de 15 ans. Ce financement soutiendrait la réhabilitation des mines de nickel-cuivre-cobalt-métaux du groupe platine de Selebi et Selkirk de NEXM au Botswana.
Le projet pourrait bénéficier d'une considération spéciale dans le cadre du programme d'exportations transformantes et liées à la Chine (CTEP) d'EXIM. La lettre indique l'intérêt stratégique du gouvernement américain pour soutenir des projets de métaux critiques au Botswana, bien qu'une diligence raisonnable supplémentaire et un traitement soient nécessaires avant un engagement final.
NexMetals Mining (NASDAQ: NEXM) hat ein unverbindliches Interessenbekundungsschreiben von der Export-Import-Bank der Vereinigten Staaten (EXIM) für eine potenzielle Finanzierung von bis zu 150 Millionen US-Dollar mit einer Rückzahlungsfrist von 15 Jahren erhalten. Die Finanzierung würde die Wiedererschließung der Nickel-Kupfer-Kobalt-Platingruppenmetallminen Selebi und Selkirk von NEXM in Botswana unterstützen.
Das Projekt könnte für eine besondere Berücksichtigung im Rahmen des China- und Transformationalen Exportprogramms (CTEP) von EXIM infrage kommen. Das Schreiben weist auf das strategische Interesse der US-Regierung hin, kritische Metallprojekte in Botswana zu unterstützen, erfordert jedoch weitere Due-Diligence-Prüfungen und Bearbeitung vor einer endgültigen Zusage.
- Potential access to US$150 million in financing with favorable 15-year repayment terms
- Project qualifies for special consideration under EXIM's CTEP program
- Strategic U.S. government interest in company's critical metals projects
- Location in Botswana, considered one of Africa's most stable jurisdictions
- Letter of interest is non-binding and requires further due diligence
- No explicit indication of financial or commercial viability yet
- Final commitment depends on additional application and approval process
Insights
NexMetals' $150M non-binding financing interest from US EXIM Bank signals potential government backing for critical minerals development in stable Botswana.
NexMetals has secured a significant non-binding letter of interest from the Export-Import Bank of the United States indicating potential financing of up to
The letter's connection to EXIM's China and Transformational Exports Program (CTEP) is particularly noteworthy. This program was specifically created to counter Chinese influence in strategic sectors, including critical minerals. The inclusion of NexMetals' projects under this initiative suggests the strategic importance the U.S. government places on developing alternative supply chains for nickel, copper, cobalt, and platinum group metals – all essential components for electric vehicle batteries, renewable energy infrastructure, and defense technologies.
However, investors should recognize the preliminary nature of this development. The press release explicitly states this letter is non-binding and requires substantial additional due diligence before any commitment materializes. NexMetals must still submit a formal application, undergo comprehensive evaluation, and demonstrate both technical and economic viability. Many mining projects fail to advance from preliminary interest to funded development.
The strategic positioning in Botswana provides a competitive advantage. Unlike many resource-rich African nations, Botswana offers political stability, relatively transparent governance, and an established mining framework. This reduces the sovereign risk profile substantially compared to alternative critical mineral sources, potentially accelerating the due diligence process and improving funding prospects.
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) ("NEXM" or the "Company") is pleased to announce that it has received a non-binding letter of interest ("LI") from the Export-Import Bank of the United States ("EXIM"). The LI indicates the potential for up to US
EXIM has also advised that procurement of U.S. goods and services for the Selebi and Selkirk mines may be eligible for special consideration under the provisions of Section 402 of EXIM's 2019 reauthorization (P.L. 116-94), under EXIM's China and Transformational Exports Program ("CTEP").
Morgan Lekstrom, CEO of NEXM, commented: "This represents a willingness from the United States to fund critical metals projects in one of Africa's safest and most stable jurisdictions. It clearly denotes the U.S. government's specific interest in Botswana, recognizing both its rich mineral endowment and the scale of our high-grade projects. Given the quality and size of our resources and the pace of current activity, we anticipate our aggressive growth trajectory to align with our shared objective of delivering new, sustainable sources of critical metals for the U.S. and its allies contributing to the future of the global critical metals supply chain."
The LI is non-binding and as such is not an explicit indication of the financial or commercial viability of a transaction. Upon receipt of an application for financing, further processing, including standard due diligence by U.S. EXIM, is required before issuing a final commitment for a potential transaction.
About Export-Import Bank of the United States
The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.
About NexMetals Mining Corp.
NexMetals Mining Corp. 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 our team and our 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.
For further information about NexMetals Mining Corp., please contact:
Morgan Lekstrom
CEO and Director
morganl@nexmetalsmining.com
Jaclyn Ruptash
V.P., Communications and Investor Relations
jaclyn@nexmetalsmining.com
Cautionary Note Regarding Forward-Looking Statements:
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this news release, forward-looking information includes, but is not limited to, the potential for the Company to receive financing from EXIM as contemplated by the LI, the timing of repayment and the potential use of proceeds therefrom. Such forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the risk that the Company will not reach a binding agreement with EXIM for financing on terms contemplated in the LI or at all, as well as those risks set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.com) under NEXM's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259090
FAQ
What is the value of the EXIM Bank letter of interest received by NexMetals (NEXM)?
What projects will the EXIM Bank funding support for NexMetals (NEXM)?
Is the EXIM Bank's US$150 million letter of interest to NEXM binding?
What special program might NEXM qualify for under EXIM Bank?
Why is EXIM Bank interested in NEXM's Botswana projects?
