Press Release
NexMetals Metallurgy Results Create a Potentially Quicker and Cheaper Pathway to Production
Following NexMetals’ bulk sample-based metallurgical program at its Selebi Mines in Botswana, the company has created “the optionality to produce both a saleable copper concentrate and a saleable nickel concentrate”.
Canada, 12th Sep 2025– Global Stocks News – Sponsored content disseminated on behalf of NexMetals Mining. On September 3, 2025, NexMetals Mining (TSXV: NEXM) (NASDAQ: NEXM) announced a significant metallurgical break though at its past-producing copper-nickel-cobalt Selebi Mines in Botswana.
NexMetals owns two previously-producing Cu-Ni-Co mines in Botswana, a safe, mineral-rich Tier 1 mining jurisdiction in Africa.
The underground Selebi Mines were in production between 1980 and 2016. Both Selebi and Selebi North mines, having produced 40 million tonnes of ore, were put into Care & Maintenance due to low metal prices and a failure of the on-site smelter.
Smelters are not cheap to build, refurbish or operate. A planned copper smelter in Kazakhstan has a projected $1.5 billion price tag. The environmental permitting required for smelters can add years, if not decades, to the development process.
Following NexMetals’ bulk sample-based metallurgical program at its Selebi Mines in Botswana, the company has created “the optionality to produce both a saleable copper concentrate and a saleable nickel concentrate”.
September 3, 2025 metallurgical news highlights:
- on-site smelter may not be required
- significant reduction in capital expenditure
- simplified permitting process
- smaller environmental footprint
- lower energy costs
- expanded commercial pathways for mined products
- more competitive environment for off-take agreements
- reduction of operational complexity
- Fewer highly specialised employees required
- Faster, cheaper, more efficient re-start
“This is the largest transformational step forward for the Selebi Mines that could materially change this asset,” stated NexMetals CEO Morgan Lekstrom in the September 3, 2025 press release. “We now have the optionality to generate two separate saleable copper and nickel-cobalt concentrates, which may reduce or remove the need for capex to build a smelter/ hydrometallurgy plant.”
The underground bulk samples were taken from both the Selebi North and Selebi Main deposits, representing the projected operational profile with both shafts in production.
Excellent Initial Recoveries with the Objective to Increase Recoveries:
- Copper concentrate – 87.0% Cu recovery
- Nickel concentrate – 55.9% Ni recovery and 64.7% Co recovery
High-Grade Saleable Concentrates:
- Copper concentrate – 27.6% Cu
- Nickel concentrate – 10.5% Ni and 0.59% Co
NexGold’s President Sean Whiteford is a geologist and mining executive who has held corporate, operational and technical roles at BHP and Rio Tinto. He has technical and budgetary oversight on the Botswana operations, including exploration and engineering studies.
In the September 3, 2025 6-minute video below, Whiteford explains the metallurgy process, the results and the significance to the Selebi Mine redevelopment plan.
“We have existing underground infrastructure that allows us to access various parts of the resource and blast fresh new samples,” stated Whiteford in the video. “We blasted up to 95 tons from both Selebi Main and Selebi North. The results and the blending give us a statistically robust sampling. That means we have high confidence in our results.”
“A Lock Cycle Test or LCT test is a common process in metallurgical development work. It simulates continuous plant performance, mimicking a closed loop system from a large-scale operational processing plant”.
“Our copper concentrate is 27.6% grade, 87% recovery. We have a grade of 10.5% nickel, and we recovered 55.9% of the nickel in the concentrate. We are working on ways to increase our nickel recovery. We also have recovered a grade .59% cobalt in the nickel concentrate, and that represents 64.7% of the cobalt in the concentrate.”
“Producing separate saleable concentrates gives NexMetals a strategic advantage because now we have an alternative development option with lower capex, lower OPEX and lower execution risk.”
Recent interest in the Selebi and Selkirk Mines has been catalysed by a surge in demand for critical metals required for the green energy transformation (Solar, EVs). In the last five years, as demand drivers intensify, the price of copper has increased 92% – from USD $2.36/lb to $4.50/lb.
On March 18, 2025 it was announced that a consortium of institutional investors made sizable early bets on the future of NexMetals assets. The $46 million non-brokered equity financing included the participation of the Fiore Management and Advisory Corporation, headed by Frank Giustra.
“NexMetals has been reactivated with new money, new talent and new ideas,” Lekstrom told Guy Bennett, CEO of Global Stocks News (GSN).
For the last decade, diamonds have accounted for around 80% of Botswana’s exports, one-third of fiscal revenues, and one-quarter of GDP. Botswana is the world’s largest diamond producer by value. That revenue stream is shrinking.
“The market for natural diamonds is in crisis, with cut-price lab-grown equivalents hitting demand particularly hard in the U.S.,” reports Japan Times (JT) on September 4, 2025.
“Copper production provides the most immediate source of economic diversification,” notes Lyle Begbie, an economist at Oxford Economics Africa.
“Buoyed by soaring global demand for energy and electrification projects, Begbie says that copper mining is ‘starting to rise from the ashes again’ in Botswana,” reports African Business.
“We must now focus on job creation,” confirmed Botswana President Duma Boko, who is promoting investment in tourism, renewable energy, technology, agriculture and mining.
“I’ve had the privilege of meeting the new President Duma Boko,” Lekstrom told GSN. “He is a Harvard Law School graduate, a passionate politician and a sharp businessman.”
“President Boko wants to expand Botswana’s extraction industry beyond diamonds,” continued Lekstrom. “We believe the Selebi and Selkirk copper-nickel projects can play a positive role in Botswana’s next economic evolution.”
Results from the new metallurgical direction announced on September 3, 2025 together with ongoing resource expansion drilling, will be incorporated into an updated mineral resource estimate (MRE), which NEXM anticipates will demonstrate a significant improvement over the previous estimate.
The mineral resource estimate on the Selebi Mine is supported by the technical report entitled “Technical Report, Selebi Mines, Central District, Republic of Botswana” and dated September 20, 2024 (with an effective date of June 30, 2024) (the “Selebi Technical Report“), and prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and Subpart 1300 of Regulation S-K and is available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov), in each case, under NEXM’s issuer profile.
All scientific and technical information in this release has been reviewed and approved by Norman Lotter, P.Eng., Pr.Eng., C.Eng., FSAIMM, FIMM, Consulting Engineer, and by Sharon Taylor, Vice President Exploration of the Company, who are “qualified persons” for the purposes of NI 43-101 a “qualified person” for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.
Contact: guy.bennett@globalstocksnews.com
Disclaimer: NexMetals Mining paid Global Stocks News (GSN) $1,750 for the research, writing and dissemination of this content.
Full Disclaimer: GSN researches and fact-checks diligently, but we cannot ensure our publications are free from error. Investing in publicly traded stocks is speculative and carries a high degree of risk. GSN publications may contain forward-looking statements such as “project,” “anticipate,” and “target,” which are based on reasonable expectations, but these statements are imperfect predictors of future events. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.
Media Contact
Organization: Global Stocks News
Contact Person: guy.bennett@globalstocksnews.com
Website: https://www.globalstocksnews.com
Email: Send Email
Country:Canada
Release id:33764
The post NexMetals Metallurgy Results Create a Potentially Quicker and Cheaper Pathway to Production appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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Press Release
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
New York, NY – Paradex today announced the official conclusion of XP Season 2, marking a major milestone in the platform’s roadmap toward the upcoming $DIME Token Generation Event (TGE).
As part of its continued commitment to trader-first incentive alignment, Paradex confirmed that 25% of $DIME’s fully diluted supply will be airdropped to all XP holders at TGE, with tokens fully unlocked at launch.
In a significant expansion of community rewards, Paradex also revealed that Season 2 XP holders will receive 20% of the total token supply, up from the previously planned 15%, reinforcing the platform’s long-term focus on rewarding active ecosystem participation.
The $DIME TGE is currently scheduled for late February or early March, following the Chinese New Year holiday, with the official date to be announced by the Paradex Foundation.
XP Season 2: Major Growth and Final Week Distribution
XP Season 2 represented a period of substantial growth for Paradex across every major protocol metric:
- Average daily trading volume increased from $68M to $2.1B (31x)
- Open Interest grew from $28M to $679M (24x)
- Total Value Locked rose from $25M to $218M (9x)
- Total users expanded from 4.1k to 70.3k (17x)
During the final week of the season (January 23 to January 29), Paradex distributed 6 million XP directly to active user wallets, with additional rewards allocated through referral codes and affiliate programs.
Users surpassing 25,000 XP during the final week also received exclusive BadgerBox drops.
A final waitlist snapshot is scheduled for January 31 at 00:00 UTC.
$DIME Airdrop Allocation Breakdown
Paradex confirmed the following $DIME distribution structure at TGE:
- 25% of total supply allocated to all XP holders (fully unlocked)
- 20% dedicated specifically to Season 2 XP participants (increased from 15%)
- 5% reserved for Pre-Season and Season 1 XP holders (unchanged)
With half of the token supply dedicated to user rewards and participation, Paradex continues to position itself as a platform built around long-term ecosystem alignment.
Token Generation Event Details
- Token: $DIME
- Timing: After Chinese New Year
- Target Window: Last week of February or first week of March
- Initial Listing: Paradex Spot Markets
- Issuer: Paradex Foundation (official date forthcoming)
XP Season 3 Launches February 1
Looking ahead, Paradex announced that XP Season 3 will begin on February 1, shifting focus toward the next phase of ecosystem expansion, including:
- Spot trading
- Real-World Asset (RWA) Perpetuals
- Options markets
XP accumulation will begin immediately on February 1, while the first weekly XP distribution will occur post-TGE, allowing the team to prioritize a smooth and focused token launch.
Paradex reiterated that the platform remains committed to transparent execution, continued incentive alignment, and rewarding the traders and builders who drive long-term ecosystem growth.
About Paradex
Paradex is a privacy-first, zero-fee on-chain perpetuals exchange focused on high-performance decentralized trading infrastructure for a global community of crypto participants.
Website: https://paradex.trade/
X (Twitter): https://x.com/paradex
Discord: https://discord.gg/paradex
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
New York, NY – Paradex today announced the official conclusion of XP Season 2, marking a major milestone in the platform’s roadmap toward the upcoming $DIME Token Generation Event (TGE).
As part of its continued commitment to trader-first incentive alignment, Paradex confirmed that 25% of $DIME’s fully diluted supply will be airdropped to all XP holders at TGE, with tokens fully unlocked at launch.
In a significant expansion of community rewards, Paradex also revealed that Season 2 XP holders will receive 20% of the total token supply, up from the previously planned 15%, reinforcing the platform’s long-term focus on rewarding active ecosystem participation.
The $DIME TGE is currently scheduled for late February or early March, following the Chinese New Year holiday, with the official date to be announced by the Paradex Foundation.
XP Season 2: Major Growth and Final Week Distribution
XP Season 2 represented a period of substantial growth for Paradex across every major protocol metric:
- Average daily trading volume increased from $68M to $2.1B (31x)
- Open Interest grew from $28M to $679M (24x)
- Total Value Locked rose from $25M to $218M (9x)
- Total users expanded from 4.1k to 70.3k (17x)
During the final week of the season (January 23 to January 29), Paradex distributed 6 million XP directly to active user wallets, with additional rewards allocated through referral codes and affiliate programs.
Users surpassing 25,000 XP during the final week also received exclusive BadgerBox drops.
A final waitlist snapshot is scheduled for January 31 at 00:00 UTC.
$DIME Airdrop Allocation Breakdown
Paradex confirmed the following $DIME distribution structure at TGE:
- 25% of total supply allocated to all XP holders (fully unlocked)
- 20% dedicated specifically to Season 2 XP participants (increased from 15%)
- 5% reserved for Pre-Season and Season 1 XP holders (unchanged)
With half of the token supply dedicated to user rewards and participation, Paradex continues to position itself as a platform built around long-term ecosystem alignment.
Token Generation Event Details
- Token: $DIME
- Timing: After Chinese New Year
- Target Window: Last week of February or first week of March
- Initial Listing: Paradex Spot Markets
- Issuer: Paradex Foundation (official date forthcoming)
XP Season 3 Launches February 1
Looking ahead, Paradex announced that XP Season 3 will begin on February 1, shifting focus toward the next phase of ecosystem expansion, including:
- Spot trading
- Real-World Asset (RWA) Perpetuals
- Options markets
XP accumulation will begin immediately on February 1, while the first weekly XP distribution will occur post-TGE, allowing the team to prioritize a smooth and focused token launch.
Paradex reiterated that the platform remains committed to transparent execution, continued incentive alignment, and rewarding the traders and builders who drive long-term ecosystem growth.
About Paradex
Paradex is a privacy-first, zero-fee on-chain perpetuals exchange focused on high-performance decentralized trading infrastructure for a global community of crypto participants.
Website: https://paradex.trade/
X (Twitter): https://x.com/paradex
Discord: https://discord.gg/paradex
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
FXO and Apex Trade Outline Shared Perspectives on the Responsible Development of Finance and Technology
Emphasizing Long-Term Value, Stability, and Social Responsibility in Global Markets
FXO Global Exchange and the Apex Trade (AT) team have each articulated a long-term focus on the responsible development of next-generation finance and technology, emphasizing sustainability, structural stability, and social value creation in an evolving global landscape.
While operating independently, both FXO and AT highlight the importance of aligning technological advancement with real-world needs, prudent risk management, and broader societal considerations.
Distinct Capabilities Addressing Evolving Market Needs
FXO Global Exchange is positioned as a financial infrastructure platform designed for global markets, with an emphasis on system stability, transparency, and long-term operational resilience. Its approach prioritizes the development of institutional-grade frameworks that support orderly market participation and sustainable growth.
Apex Trade (AT), meanwhile, operates as a professional analytical team focused on financial market research and interdisciplinary analysis. The team brings together contributors from fields including financial markets, digital assets, artificial intelligence, and data science, developing structured analytical models intended to support informed decision-making in complex market environments.
Long-Term Orientation and Development Philosophy
Apex Trade operates under the guiding principle of “Technology leading life, working hand in hand with the world,” reflecting its emphasis on global awareness, analytical rigor, and responsible innovation. Its work focuses on examining how emerging technologies intersect with financial systems and broader social dynamics.
FXO similarly underscores a long-term development philosophy, highlighting the importance of stability, transparency, and value creation over short-term expansion. The platform’s stated objective is to contribute to financial ecosystems that are resilient, rational, and aligned with sustainable development goals.
Global Perspective and Professional Research Focus
The AT team consists of analysts and researchers from multiple regions, contributing diverse professional backgrounds and perspectives. Through cross-disciplinary collaboration, the team has developed analytical frameworks aimed at evaluating market structure, technological trends, and long-term system behavior.
AT has indicated that it maintains, or is preparing, operational and research presences in several regions as part of its broader global outlook.
Emphasis on Social Responsibility and “Technology for Good”
Both FXO and Apex Trade emphasize that technological and financial innovation should extend beyond efficiency and scale, incorporating social responsibility and public-interest considerations. Each organization has highlighted the importance of applying technology in ways that support sustainability, social equity, and long-term societal benefit.
This perspective reflects a broader industry discussion around “technology for good,” where innovation is evaluated not only on performance metrics but also on its contribution to structural stability and social well-being.
Industry Outlook
As global finance and technology continue to evolve, FXO and Apex Trade each maintain that future progress will depend on rational development, responsible governance, and a commitment to long-term value creation. Their respective approaches illustrate how independent organizations can contribute to this broader direction through infrastructure development, analytical research, and principled innovation.
Conclusion
The perspectives outlined by FXO Global Exchange and Apex Trade reflect a shared emphasis on sustainability, responsibility, and long-term thinking in next-generation finance and technology. As industry participants increasingly focus on structural integrity and social impact, such approaches continue to shape discussions around the future of global financial and technological systems.
Media Contact
Organization: Wholy Digital
Contact Person: Media Relations
Website: https://wholyseo.com/
Email: Send Email
Country:Singapore
Release id:40848
Disclaimer: This content is provided for informational purposes only and does not constitute financial, investment, legal, or trading advice. FXO Global Exchange and Apex Trade (AT) operate independently and are not affiliated; any references are descriptive only and do not imply a partnership, endorsement, or collaboration. No offers, solicitations, or guarantees are made.
The post FXO and Apex Trade Outline Shared Perspectives on the Responsible Development of Finance and Technology appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
FXO and Apex Trade Outline Shared Perspectives on the Responsible Development of Finance and Technology
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