NexMetals Mining Corp Announces Share Consolidation and Strategic Moves

Toronto, Ontario — NexMetals Mining Corp. (TSXV: NEXM) (OTC Pink: PRMLF), formerly known as Premium Resources Ltd., has announced a significant share consolidation, consolidating its common shares on a 20:1 basis. This move is expected to take effect at market open on June 20, 2025, pending final approval from the TSX Venture Exchange. The consolidation is a strategic step towards meeting the listing requirements for an anticipated uplisting to the Nasdaq, which could enhance the company’s visibility and trading liquidity.

The share consolidation is part of NexMetals’ broader strategy to access larger capital markets through a Nasdaq listing. While the consolidation will significantly reduce the number of outstanding shares, it is important to note that this does not inherently increase the company’s value. However, it is expected to potentially lead to short-term trading volatility during the transition period.

In addition to the share consolidation, NexMetals has made strategic personnel changes. The company has appointed Brett MacKay as its new Chief Financial Officer. MacKay, who previously served as Vice President, Finance, brings 17 years of experience in the resource sector, including a notable tenure at Lundin Mining where he managed financial operations during strategic acquisitions. His appointment is seen as a move to ensure continuity and stability in the company’s financial leadership.

NexMetals is also making significant strides in its exploration activities. The company has initiated surface drilling operations at its Selebi North and Selebi Main deposits in Botswana. The goal is to connect a 2-kilometer interval between these deposits, potentially demonstrating a broader scale of mineral resources than previously understood. This exploration effort is driven by significant borehole electromagnetic anomalies, which suggest that the mineral bodies may be more extensive than historically recognized.

The company’s focus on nickel, copper, and platinum group metals (PGMs) aligns with the growing demand for these critical resources, essential for the transition to a climate-neutral future. NexMetals’ portfolio includes two former producing copper-nickel sulfide mines in Botswana, which are poised for reactivation following a recent economic feasibility study.

Overall, NexMetals Mining Corp. is positioning itself strategically within the metals and mining sector, leveraging its exploration successes and financial restructuring to capitalize on the increasing demand for critical minerals.