Verity completes purchase of remaining stake in Botswana copper-silver assets

Verity Resources has finalised the Botswana copper-silver acquisition, securing 100% ownership of its 1,800km² portfolio of high-grade copper-silver and copper-nickel projects successful Botswana.

The company, done its subsidiary African Metals, acquired the remaining 34% associated task (JV) involvement from BCL Investments, a Botswana Government subsidiary, nether the farm-in JV agreement.

In October 2025, Verity exercised its pre-emptive close nether the farm-in JV statement for the 34% BCL JV involvement for $206,060 successful cash, aft BCL received an connection from an planetary mining corp to get the aforesaid stake.

The strategical acquisition is said to streamline strategical and operational power by removing a liquidating JV partner.

Verity said that the acquisition provides flexibility to prosecute a imaginable firm lawsuit including farm-ins, task finance, spin-outs oregon plus income from a 100%-owned position.

It is besides expected to summation Verity’s quality to leverage a supply-critical metals portfolio that covers high-grade copper and metallic successful a mining territory little than 50km from the Selebi nickel/copper excavation and infrastructure.

Verity’s Botswana task portfolio is situated successful the Limpopo Mobile Belt. The main assets see 2 high-grade copper-silver prospects, Airstrip and Dibete, the Maibele North nickel-copper-cobalt-platinum radical elements (PGE) deposit, on with respective determination exploration targets.

The Maibele North, Airstrip and Dibete prospects, located astir 50–80km north-east of the Selebi excavation and smelter complex, relationship for astir 10% of the full portfolio.

The Selebi excavation was precocious acquired by NexMetals Mining, which received a $150m (C$209.19m) missive of involvement from the Export-Import Bank of the US successful July 2025 to enactment the re-development of the Selebi and Selkirk nickel-copper-cobalt-PGE mines successful Botswana.

"Verity completes acquisition of remaining involvement successful Botswana copper-silver assets" was primitively created and published by Mining Technology, a GlobalData owned brand.

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