other_material
confidence high
sentiment positive
materiality 0.75
NexMetals announces C$65M public offering of units upsized from C$50M on strong demand
NexMetals Mining Corp.
- C$65M gross proceeds from sale of up to 11,403,509 units at C$5.70 per unit.
- Each unit consists of one common share and one warrant exercisable at C$8.00 for 24 months.
- Net proceeds to fund prepayment of first contingent milestone under APA for Selebi/Selkirk mines, Botswana exploration, and working capital.
- Offering expected to close on or about Nov 13, 2025; agents' fee 6% (reduced to 2% on president's list sales up to C$5M).
- Agents granted 15% over-allotment option exercisable for 30 days after closing.
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