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NexMetals Mining, a Vancouver-based exploration company, has received a letter of interest from the Export-Import Bank of the United States (Exim) for up to $150 million in potential financing. The funding is earmarked for the redevelopment of two critical metals assets in Botswana, a move that could restart production at the company’s Selebi and Selkirk projects.
The non-binding letter outlines a potential 15-year loan, which would support the revival of the nickel, copper, cobalt, and platinum group metals projects. Exim has also indicated that the procurement of U.S. goods and services for the projects may qualify for support under its China and Transformational Exports Programme.
“This represents a willingness from the United States to fund critical metals projects in one of Africa’s safest and most stable jurisdictions,” said NexMetals CEO Morgan Lekstrom. “It clearly denotes the US government’s specific interest in Botswana, recognising both its rich mineral endowment and the scale of our high-grade projects.”
The Selebi and Selkirk projects, both former producers, are being targeted for a restart by NexMetals. The potential financing from Exim, while not a final commitment, signals a significant step forward for the company’s plans and highlights the growing strategic interest of the U.S. in securing critical mineral supply chains from stable partners. Any final financing would be subject to further due diligence and Exim board approval.
