*Disseminated on behalf of NexMetals Mining Corp.
Market Crux Initiates Coverage On (NEXM) Starting Tomorrow Morning —Friday, August 1, 2025
Here's Why NexMetals Mining Corp. (Nasdaq: NEXM) (TSXV: NEXM) Will Be At The Top Of Our Watchlist…
AI Demand Surge: (NEXM) Is Advancing High-Grade Copper Projects As AI Data Centers Drive Global Demand Growth.
Limited Float: (NEXM) Has Fewer Than 21.5Mn Shares Listed In The U.S. And Canada, Increasing Sensitivity To Market Developments.
Strategic Backing Secured: (NEXM) Received A Non-Binding $150M Project Finance Interest From U.S. EXIM Bank In Mid-2025.
Past-Producing Mines: (NEXM) Holds NI 43-101 Compliant Resources At Selebi And Selkirk With Active Drilling To Expand.
Efficiency Breakthrough: (NEXM)'s XRT Sorting Raised Head Grade By 15.2% And Achieved 98% Metal Recovery In Early Tests.
Strong Capital Support: (NEXM) Closed CA$46Mn In Equity Financing From Leading Mining-Focused Investors In Early 2025.
Copper Supply Pressures: (NEXM)'s Projects Align With Rising Copper Prices And Long-Term Supply Constraints Seen In 2025.
Consider Staring Your Own Research On (NEXM) Before
Tomorrow Morning…
July 31, 2025
Dear Reader, The AI arms race isn't slowing down—and the physical infrastructure behind it is reaching unprecedented scale. From powering large language models like ChatGPT to fueling enterprise-grade neural networks, the data center boom is rewriting global resource demand. And one critical metal sits at the core of it all: copper. No longer just a component of electrical wiring, copper is becoming the backbone of the AI era—integral to advanced chips, high-efficiency cooling, and clean energy delivery systems that keep AI running 24/7. Forecasts suggest copper demand from data centers alone could spike 600% by 2050—yet the market is only beginning to price in what that means for supply. Tucked inside this copper crunch, one little-known player with high-grade, past-producing projects in a geopolitically favorable jurisdiction is starting to show up on screens: NexMetals Mining Corp. (Nasdaq: NEXM) (TSXV: NEXM).
And here's what makes it even more intriguing:
In both the U.S. and Canada, (NEXM) has fewer than 21.5Mn shares listed in its public float—meaning it may be especially responsive to new developments as copper demand accelerates. That kind of setup doesn't stay under the radar forever—especially not with the macro tailwinds in play. With growing attention around critical metals and high-grade past producers, this one could start to attract serious eyes. Here's why this little-known copper player is beginning to stand out…
NexMetals Mining Corp. (Nasdaq: NEXM) is a mineral exploration and development company focused primarily on redeveloping its past-producing copper, nickel, cobalt, PGE mines in Botswana, specifically the Selebi and Selkirk projects. The company possesses mining leases, permits, updated NI 43-101 resource estimates, and an experienced team stewarding resource development, exploration, and project financing. Botswana: A Choice Jurisdiction
NexMetals operates in Botswana, recognized as one of Africa's safest and most stable mining jurisdictions. Botswana's political stability, transparent regulatory environment, and strong support for foreign investment have contributed to NexMetals' ability to attract both private and multinational institutional capital. Project Portfolio
The Selebi Mine
Resource Estimate:
- 24.7M tonnes inferred at 3.40% CuEq.
- 3.0M tonnes indicated at 2.92% CuEq.
- Grades average approximately 1.5% copper and 0.92% nickel.
(Source) Status: The mine holds a valid mining lease. It presents significant exploration upside, especially as ongoing geophysical programs potentially suggest that previously distinct mineralized bodies may be connected at depth, potentially expanding the resource base dramatically. The company is testing this through a drilling program now. Strategic Value: Selebi's high copper-equivalent and historic production underpins its restart viability. Modern electromagnetic techniques are being used to identify further targets. The Selkirk Mine
Resource Estimate:
- NI 43-101 reporting is up-to-date as of November 1, 2024.
- Inferred: 44.2 Mt @ 0.81% CuEq
(Source) Exploration: a previous re-assay program of the historical core has returned grades up to 5.59% CuEq over 3.95 meters, and electromagnetic anomalies are being aggressively tested. Advancement: Ongoing metallurgical test work and infill drilling are expected to support a future update to the mineral resource estimate. Recent Developments and Strategic Milestones
NexMetals Achieves an Initial 15.2% Head Grade Increase at Selebi North Using Modern Technology Demonstrating High Recoveries and Significant Waste Reduction
NexMetals Mining Corp. (Nasdaq: NEXM) (TSXV: NEXM) recently reported initial results from its bulk test work using X-ray transmission ("XRT") ore sorting at its past-producing copper-nickel-cobalt ("Cu-Ni-Co") Selebi Mine in Botswana. These initial results demonstrate the potential to significantly reduce processing mass while maintaining high metal recoveries and minimal losses. Positive Impact on the Project: - Increase of Head Grade from Mine to Mill
Potential to reduce the amount of waste rock being sent to the mill and enhancing the head grade by over 15% from the initial tests. Ongoing testing is focused on further improving these results. - Enhanced Process Efficiency
By removing ~15.2% of the mass before further processing, the volume directed to grinding and flotation circuits is substantially reduced, offering direct energy, reagent, and throughput benefits. With 98% recovery, only minimal copper and nickel are lost, demonstrating excellent selectivity and precision in sorting. - Economic & Environmental Upside
Bulky waste is diverted pre-processing, leading to lower expected operating costs, shorter critical water usage, reduced downstream tailings, and improved project carbon footprint. Next Steps:
Driven by these strong initial results, the Company has initiated additional XRT trials on samples from its Selebi and Selkirk projects. The work is being carried out at IMS Engineering in South Africa. … Morgan Lekstrom, CEO of the Company, commented: "This is a very favorable outcome to enhance the current flowsheet and focus on higher grades with less waste feeding into the mill. These early indications emphasize that XRT technology can significantly reduce downstream processing waste while maintaining exceptional copper and nickel recoveries with minimal metal losses. If integrated into processing flowsheets, this work could allow for early waste rejection, potentially reducing downstream energy and water usage, tailings volume, and overall costs." ... Read the full article here. With copper prices surging in the recent term, this news could start generating some serious buzz around the market. Financial Backing and U.S. Support NexMetals announced in July 2025 that it had received a non-binding letter of interest from the Export-Import Bank of the United States (EXIM) for up to $150Mn in project financing, with a tenure of up to 15 years. This potential landmark funding, tied to the U.S. government's drive to secure critical metals supply chains, signals substantial confidence in NexMetals' assets and Botswana's jurisdictional stability. The interest from EXIM aligns with U.S. strategic policies under the China and Transformational Exports Program (CTEP) to diversify and secure critical mineral supplies. Private Investment
Earlier in 2025, the company attracted CA$46Mn in equity financing led by prominent mining financiers, further reinforcing NexMetals' perceived near-term growth prospects and production potential. Exploration Highlights
Selebi Exploration: Ongoing drilling programs aim to demonstrate that the resource areas are connected at depth, as interpreted through modern geophysics. Selkirk Expansion: A surface drilling program is currently underway, aimed at expanding the resource and advancing metallurgical flowsheet development. In parallel, a targeted resampling program of historic drill core is ongoing to unlock additional resource growth and support resource reclassification efforts. The Copper Climate in 2025
Copper Price Environment Copper prices soared to all-time highs above $5/lb in March 2025, spurred by U.S.–China trade tensions and new tariffs on imported copper, before correcting to the $4.20–$4.70/lb range by mid-2025. At the time of writing, the price of copper was back over $5/lb.
Goldman Sachs forecasts a global supply deficit for copper as robust electrification demand and infrastructure investment continue, especially from China and the U.S. Structural Factors
Supply Chain Security: Tariff policy, predominantly from the U.S., is driving resource nationalism and "friend-shoring" of supply chains, favoring Western-focused projects in stable countries. Green Energy Transition: Copper is essential for electrification, renewable power, and EVs, underpinning robust long-term demand regardless of short-term price volatility. Project Scarcity: The pipeline of new, high-grade, permitted copper projects is thin, making projects like Selebi and Selkirk particularly attractive. NexMetals' Competitive Position
High-Grade Resource Base
Selebi and Selkirk offer grades and tonnages rarely matched by greenfield projects currently on the market: large with significant exploration upside.
Updated resource estimates, modern drilling, and metallurgical testing may increase project scale and economic returns further.
Strategic Location and ESG Credentials
Botswana's stable geopolitical backdrop, combined with NexMetals' adherence to rigorous environmental, social, and governance (ESG) protocols, positions the company as a preferred supplier for global offtakers seeking traceable, responsibly produced copper and related metals. The company's mission incorporates responsible mining, continuous stakeholder engagement, and the goal of positive community impact. Capital Strength and U.S. Policy Alignment
U.S. EXIM's interest is a strong validator and could catalyze further institutional investment and potentially facilitate project finance. U.S. support could align NexMetals with Western critical minerals supply aspirations, de-risking project development.
With rising demand, constrained global supply chains, and strategic financing interest now converging—momentum is building fast. Here's why (NEXM) could be one of the most exciting copper names to have on your radar right now. 7 Reasons Why (NEXM) Will Be Topping Our Watchlist Tomorrow Morning—Friday, August 1, 2025…
1. Limited Float: in both the U.S. and Canada, (NEXM) has fewer than 21.5Mn shares listed in its public float—meaning it may be especially responsive to new developments as copper demand accelerates.
2. AI Infrastructure Could Drive a 600% Copper Demand Spike: Forecasts show copper demand from data centers alone may rise 600% by 2050—yet pricing hasn't caught up. (NEXM) is already advancing high-grade projects in a critical jurisdiction.. 3. Government-Level Support:(NEXM) secured a non-binding interest from U.S. EXIM Bank for up to $150M in project financing—signaling alignment with strategic global resource policies. 4. High-Grade Resources: past-producing mines like Selebi and Selkirk give (NEXM) a strong starting point, with updated NI 43-101 estimates and exploration upside already being tested. 5. Tech-Driven Efficiency: (NEXM)'s early XRT sorting results increased head grade by over 15% and recovered 98% of metals, potentially reducing waste, energy, and water usage. 6. Institutional Confidence: in early 2025, (NEXM) attracted CA$46M in equity funding from experienced mining financiers, reinforcing support from seasoned capital sources. 7. Copper Crunch: with copper touching $5/lb in 2025 and a growing supply deficit forecasted, (NEXM)'s projects are positioned within a commodity that's getting harder to source. Momentum is building fast—and with every new development, this one could draw more attention from those tracking critical metals. The setup heading into tomorrow morning feels impossible to ignore. Consider Staring Your Own Research On (NEXM) Before
Tomorrow Morning… NexMetals Mining Corp. (Nasdaq: NEXM) (TSXV: NEXM) is situated to benefit from rising demand for copper over both the short and long term. With proven brownfield sites, increasing financial and geopolitical support, and a strong approach to exploration—all within a stable jurisdiction—NexMetals stands out in the current copper landscape.
We will have all eyes on (NEXM) tomorrow morning—Friday, August 1, 2025.
Consider starting your own research on (NEXM) before you call it a night. Also, keep a look out for my morning update. Have a good night. Sincerely,
Gary Silver
Managing Editor,
Market Crux
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