NexMetals Mining, a Vancouver-based exploration company, has received a letter of interest from the U.S. Export-Import Bank (Exim) for up to $150 million in potential financing. This support is intended for revitalizing two significant metals projects in Botswana—the Selebi and Selkirk sites. Both are legacy mines with the potential for renewed production.
The letter, though non-binding, suggests a 15-year loan structure. It also indicates that procurement of U.S.-origin goods and services may qualify under Exim’s China and Transformational Exports Program, highlighting a strategic push to diversify supply chains.
NexMetals’ CEO, Morgan Lekstrom, noted that this interest reflects the U.S. government’s recognition of Botswana as a safe and stable jurisdiction rich in critical minerals and reinforced the significance of NexMetals’ high-grade projects.
The Selebi and Selkirk properties, both formerly productive, are now being targeted for redevelopment. While promising, the financing is still contingent on further due diligence and Exim board approval.
