Premium rebrands as NexMetals to reflect critical metals focus
Toronto-listed junior Premium Resources has changed its name to NexMetals Mining, reflecting plans to become a key supplier of copper, nickel, and cobalt from Botswana.
The rebranding was approved by shareholders at the company’s annual general and special meeting on June 3, and its shares will begin trading under the new name and ticker symbol ‘NEXM’ on the TSX-V on June 11.
“This change fits with our new strategic direction to become a leading critical metals company, actively contributing to the global supply chain of copper, nickel, and cobalt,” said CEO Morgan Lekstrom.
“It highlights our path to reinvigorate and re-establish the company as a diversified, multicommodity player, while showcasing the expansion potential and scale of our Botswana assets. In doing so, we aim to position Botswana as a premier source to the critical metals supply chain.”
The company, which in April unveiled an aggressive six-month strategy, is targeting rapid growth through deep drilling, metallurgical testing, and resource expansion across its flagship Selebi and Selkirk projects.
“We are embarking on an accelerated growth curve that will not only highlight the scale of Selebi and the significance of the hinge zone but also address key metallurgical questions,” Lekstrom said at the time.
“The company is taking a very methodical approach to demonstrating resource potential while actively advancing on strategic initiatives that will position Premium as a significant player in the critical metals space.”
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