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NexMetals Receives US$150 Million Letter of Interest from the Export-Import Bank of the United States for Its Critical Metals Projects in Botswana
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - NexMetals Mining Corp. (TSXV: NE...
About this update from Nexmetals Mining Corp.
[{"type":"text","content":"NexMetals Receives US$150 Million Letter of Interest from the Export-Import Bank of the United States for Its Critical Metals Projects in BotswanaVancouver, 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 $150 million in financing, with a maximum 15-year repayment tenor, to support the re-development of NEXM's Selebi and Selkirk nickel-copper-cobalt-platinum group metal mines in Botswana. 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 StatesThe 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...