Mining Stock Daily A New Chapter for Selebi and Selkirk Project in Botswana: In the Hands of NexMetals Mining
Jul 15, 2025
Morgan Lekstrom, CEO of NexMetals Mining, shares his vision for revitalizing the Selebi Mining Camp and the Selkirk Project in Botswana. He discusses the challenges of restructuring and the untapped potential of these historic sites. Lekstrom dives into exploration results, emphasizing advancements in copper and nickel mining. He also highlights strategic financial restructuring and the company's ambitions for a NASDAQ listing, aiming to enhance trading metrics while navigating the complexities of pre-revenue mining.
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Revitalizing Selebi Asset
- NexMetals Mining revitalized the Selebi Mining Camp by restructuring debt and focusing on asset potential.
- The asset includes 30 million tons underground at over 3% copper equivalent, plus 120 million tons open pit with new platinum discoveries.
Avoid Pre-Revenue Debt
- Mining companies should avoid debt in pre-revenue stages and focus on clear, scalable growth plans.
- Restructuring balance sheets and having strong shareholders enables acceleration of project development.
Dual Focus on Expansion and Metallurgy
- Concurrent drilling at Selebi and Selkirk focuses on expansion, metallurgy, and showing scale for production.
- Advanced geophysics identify high-grade zones; metallurgy work modernizes processing potential.