Verity Resources Takes Full Control of High Grade Critical Metals Projects in Botswana

Verity Resources has strengthened its strategic position in Botswana’s emerging critical metals district by securing full ownership of its extensive copper, nickel and silver project portfolio within the Limpopo Mobile Belt. With the acquisition of the remaining 34 percent interest previously held by BCL Investments, the company now controls more than 1,800 square kilometres of highly prospective ground. This consolidation represents a decisive step toward unlocking the long term value of these assets and advancing development plans without the constraints typically associated with joint venture structures.

The portfolio includes several high grade targets, notably the Airstrip and Dibete copper silver prospects and the Maibele North copper nickel silver deposit. Maibele North currently hosts an inferred resource of 2.4 million tonnes at 0.72 percent nickel and 0.21 percent copper, with additional platinum group element and gold credits that enhance its economic potential. Verity completed the acquisition through an upfront cash payment of approximately US 206,000, securing access to a substantial body of data that includes more than US 4 million worth of historical exploration work carried out by BCL. This legacy data, which has yet to be fully integrated into updated resource estimates, offers a valuable foundation for rapid technical advancement.

By consolidating ownership, Verity gains greater operational and financial flexibility. Full control enables the company to pursue a broader range of strategic options, including potential partnerships, targeted financing arrangements, spin outs or even selective asset sales designed to maximise shareholder value. The projects also benefit from their proximity to NexMetals’ 18 million tonne Selebi nickel copper mine and smelter complex located less than 50 kilometres away. This neighbouring operation recently received a US 150 million Letter of Interest from the US Export Import Bank for the redevelopment of the Selebi and Selkirk mines, signalling growing international interest in Botswana’s critical minerals district.

As Verity accelerates plans across the Maibele, Airstrip, Dibete and wider landholdings, the consolidation of ownership is expected to create new pathways for development and investment. For Botswana and Africa’s broader mining industry, this move reinforces the region’s increasing prominence as a source of critical metals vital for global electrification and advanced manufacturing. Enhanced exploration, updated resource estimates and new funding mechanisms could stimulate further economic activity, promote skills development and strengthen the continent’s role in strategic mineral supply chains.

Mini Glossary

• Inferred resource: A category of Mineral Resource with limited geological confidence, requiring further drilling to upgrade its certainty.
• Limpopo Mobile Belt: A geologically complex region in Southern Africa known for hosting nickel, copper and precious metal deposits.
• Critical metals: Minerals essential for high tech industries and energy transition technologies, such as nickel and copper.
• Spin out: The creation of a new company by separating specific assets from an existing business.
• Letter of Interest: A non binding document indicating potential financing support from a financial institution.

Editor: Vural Burç ÇAKIR