NexMetals Mining Eliminates Debt Through Equity Conversion
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NexMetals Mining Corp. has eliminated $21 million in legacy debt by converting it into equity, as part of a financial restructuring. This included an equity raise of CAD$80 million, increasing institutional ownership from 30% to 75%. The restructuring enabled NexMetals to meet a US$25 million milestone payment, securing title to projects in Botswana, and strengthening its balance sheet for future growth.
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