Botswana

Tsodilo Resources has confirmed significant skarn-hosted critical mineral and rare earth element (REE) mineralization at its Gcwihaba project in Botswana. Initial drilling intersected REEs, including high-grade neodymium and praseodymium, vital for electric vehicles and renewable energy. The project boasts a conceptual target of 81-97 million tonnes and hosts numerous critical minerals. A 15,000-meter drilling program in 2026 aims to define resources and support a mineral resource statement.

NexMetals (TSXV:NEXM, Nasdaq:NEXM) launched a C$65 million public offering of Units (upsized from C$50M due to demand) at C$5.70 each. Each Unit contains one share and a warrant exercisable at C$8.00 for 24 months. Proceeds will prepay a contingent milestone for Selebi/Selkirk, advance Botswana development, and bolster working capital. Closing is expected around November 13, 2025. The offering includes a 15% over-allotment option and 6% agents’ fees, raising potential dilution concerns.