NexMetals announces CEO transition as Lekstrom steps down

NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) announced that Morgan Lekstrom will step down as Chief Executive Officer effective January 31, 2026, and will continue serving on the company's board of directors.

Sean Whiteford, who currently serves as President of the company, will be appointed as the new CEO. Whiteford brings over 30 years of experience in exploration, operational and business development roles across various commodities and geographies, including previous positions with BHP, Rio Tinto and Cliffs Natural Resources.

During his tenure, Lekstrom led the completion of the company's 2025 restructuring and raised over $145 million, which included the equity conversion of a $20.8 million term loan from EdgePoint Investment Group Inc. The company used a portion of the proceeds toward the prepayment of a US$25 million asset purchase agreement milestone payment, securing title to both the Selebi and Selkirk assets in Botswana.

Under Lekstrom's leadership, the company advanced technical evaluations on its Selebi and Selkirk projects, including ongoing deep drilling programs and metallurgical work at Selebi, expansion drilling programs, and progression of initial economic studies for both properties expected to be completed in 2026.

Paul Martin, Chairman of the Board, stated that Lekstrom "joined the Company at a particularly challenging point in its history and in a very short time has re-energized the potential and profile of our organization and our Botswana projects." Martin noted that Whiteford "has been with the Company for over three years and has been working closely with Mr. Lekstrom over the past nine months."

NexMetals is a mineral exploration and development company focused on the redevelopment of previously producing copper, nickel and cobalt mines in Botswana.

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