other_material
confidence high
sentiment positive
materiality 0.75
NexMetals upsizes public offering to C$80M from C$65M due to strong institutional demand
NexMetals Mining Corp.
- Offering increased to up to C$80M from C$65M (second upsizing); no over-allotment option.
- Up to 14,035,100 units (1 common share + 1 warrant at C$8.00 for 24 months).
- Net proceeds to fund prepayment of first contingent milestone for Selebi & Selkirk mines, exploration in Botswana, and working capital.
- Agents cash fee 6% of gross proceeds; reduced to 2% for president's list up to C$7M.
- Expected closing on or about November 13, 2025, subject to regulatory approvals.
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