NevGold Announces Closing of Upsized C$6.0M Brokered Private Placement Financing

NevGold Announces Closing of Upsized C$6.0M Brokered Private Placement Financing

Nevgold Corp. (" NevGold " or the " Company ") (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has closed its previously-announced brokered private placement financing and concurrent non-brokered financing of units (the " Units ") for gross proceeds of $6,000,000 (the " Offering "). Each Unit, priced at $0.30 per Unit (the " Issue Price "), consists of one common share in the capital of the Company (each, a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.45 until May 29, 2027. Clarus Securities Inc. (the " Lead Agent "), was Lead Agent and sole bookrunner, on behalf of Research Capital Corp. and Moneta Securities Corp. (the " Agents ").

NevGold CEO, Brandon Bonifacio, comments: "We are pleased to announce the closing of our upsized financing which sets the company up for a very active 2025 field season and many near-term value catalysts. We will focus on advancing our emerging gold-antimony Limousine Butte Project in Nevada, and the gold Nutmeg Mountain Project in Idaho. We will also systematically progress our prospective Zeus Copper Project in Idaho to identify drill targets in one of the most active districts in the United States for copper exploration. The successful financing is a testament to our supporters and the growing NevGold platform. We are thankful to our existing shareholders, and we have also added some significant new names to our shareholder registry through this financing."

The Company issued an aggregate of 20,000,000 Units at a price of $0.30 per Unit pursuant to the Offering. The Company intends to use the net proceeds of the Offering for advancing its Limousine Butte (Nevada), Nutmeg Mountain (Idaho) gold projects, Zeus copper project (Idaho), working capital and general corporate purposes, as further described in the Company's offering document under the listed issuer financing exemption dated May 27, 2025 filed on the Company's profile at www.sedarplus.ca and on the Company's website at www.nev-gold.com.

The Offering was conducted pursuant to the terms of an agency agreement between the Company and the Agents dated May 29, 2025. In connection with the Offering, the Agents received a cash commission of $339,669 and 1,132,229 non-transferable compensation options (each, a " Compensation Option ") on the gross proceeds of the Offering, other than with respect to purchasers on the Company's president's list. The Company also paid a cash finder's fee of $42,000 and issued 140,000 Compensation Options to an arm's length finder as consideration for locating certain purchasers on the Company's president's list. Each Compensation Option will entitle the holder thereof to acquire one Unit at the Issue Price until May 29, 2027.

The Offering was completed pursuant to the listed issuer financing exemption in accordance with National Instrument 45-106 – Prospectus Exemptions and the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption , and the securities issued to purchasers in the Offering are not subject to a hold period pursuant to applicable Canadian securities laws. The Compensation Options and the securities issuable on exercise thereof are subject to a hold period expiring on September 30, 2025 in accordance with applicable Canadian securities laws. The Offering is subject to the final approval of the TSX Venture Exchange.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " 1933 Act ") or any state securities laws, and accordingly, were not offered or sold within the United States except in compliance with the registration requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

ON BEHALF OF THE BOARD

"Signed"

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.

About the Company

NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Forward-looking statements include, but are not limited to the anticipated use of proceeds and the final approval of the TSX Venture Exchange.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.


 

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

NAU:CA
NevGold

NevGold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
NevGold (TSXV:NAU)

NevGold

Keep reading...Show less

Strategic portfolio of gold, antimony and copper projects in tier 1 jurisdictions in the US

NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 Meters  Within 2.19 g/t AuEq Over 56.4 Meters  at the Limousine Butte Project, Nevada

NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 Meters Within 2.19 g/t AuEq Over 56.4 Meters at the Limousine Butte Project, Nevada

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce further significant historic oxide gold-antimony ("Antimony", "Sb") results at its Limousine Butte Project (the "Project", "Limo Butte") in Nevada. The Company continues to expand the gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world's prolific mining jurisdictions.

Key Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho

NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce an updated Mineral Resource Estimate (" MRE ") for the Nutmeg Mountain gold project (the " Project ", " Nutmeg Mountain ") in Idaho.

Key Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NevGold Starts Drilling And Identifies Additional Stibiconite  Outcrops at Gold-Antimony Limo Butte Project

NevGold Starts Drilling And Identifies Additional Stibiconite Outcrops at Gold-Antimony Limo Butte Project

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQB:NAUFF) (Frankfurt:5E50 ) is pleased to announce the commencement of the 2025 drill program at the oxide gold-antimony ("Antimony", "Sb") Limousine Butte Project (the "Project", "Limo Butte") in Nevada. The Company continues to advance the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world's prolific mining jurisdictions.

Key Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NevGold Announces Entry Into Standstill With GoldMining

NevGold Announces Entry Into Standstill With GoldMining

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has entered into a standstill agreement with GoldMining Inc. (" GoldMining "), pursuant to which GoldMining has agreed not to, directly or indirectly, sell common shares of NevGold through open market transactions for a period of 18 months subject to certain customary exceptions. GoldMining holds, and has control and direction over, 19,073,350 common shares, representing approximately 16.7% of the Company's outstanding common shares.

NevGold CEO, Brandon Bonifacio, comments: "We are pleased to execute this Standstill Agreement with GoldMining, which prohibits selling, transferring or disposing NevGold shares for a period of 18 months through open market transactions. The Company will have an extremely active end to 2025, and we will have more updates out shortly from our Limousine Butte (oxide gold-antimony), Nutmeg Mountain (oxide gold), and Zeus (copper) projects."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NevGold Announces Up to 92% Antimony Recovery From Positive Metallurgical Testwork Program at Oxide Gold-Antimony Limo Butte Project in Nevada

NevGold Announces Up to 92% Antimony Recovery From Positive Metallurgical Testwork Program at Oxide Gold-Antimony Limo Butte Project in Nevada

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce extremely positive antimony ("Antimony", "Sb") metallurgical testwork results at its oxide gold-antimony Limousine Butte Project (the "Project", "Limo Butte") in Nevada, one of the world's prolific mining jurisdictions.

The positive antimony metallurgical recovery results, that have minimal to no impact on gold recoveries, are a key development in unlocking the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Thistle Resources Corp.

St. Davids Capital Inc. and Thistle Resources Corp. Enter Definitive Agreement for Qualifying Transaction

St. Davids Capital Inc. (TSXV: SDCI.P) ("St. Davids" or the "Company") and Thistle Resources Corp. ("Thistle") are pleased to announce that, further to the news release dated July 10, 2025, they have entered into a definitive acquisition agreement dated September 15, 2025 (the "Acquisition Agreement") in respect of the previously announced arm's length "qualifying transaction" (the "Qualifying Transaction"), as such term is defined in Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange (the "TSXV") Corporate Finance Manual. In this news release, the term "Resulting Issuer" refers to the Company after the closing of the Qualifying Transaction.

Thistle Resources Corp.

Keep reading...Show less
Gold bar on top of many gold nuggets.

How to Use Gold Investments as a Hedge

It can be tempting for investors to focus on specific assets or strategies when building an investment portfolio, but those taking a long-term approach will want to diversify in order to balance out potential portfolio instability.

Gold has a reputation for being a reliable diversifier because it can act as a hedge against various risks.

For those unfamiliar with the term, put simply, a hedge is an investment position whose main purpose is to offset potential losses or gains related to another asset. But how does that work, and what's the best way to get exposure to gold as a hedge?

Keep reading...Show less
Red stamp on paper with "approved" in bold red letters.

Brightstar Resources Gets Approval for Lord Byron Open-pit Mining Proposal

Brightstar Resources (ASX:BTR,OTCQB:BTRAF) said on Monday (September 22) that the Department of Mines, Petroleum and Exploration has approved its mining proposal and mine closure plan for the Lord Byron project.

Lord Byron is located approximately 85 kilometres southeast of Laverton, Western Australia.

The gold asset was acquired by Brightstar as part of its purchase of Linden Gold in July 2024.

Keep reading...Show less
Gareth Soloway, gold, silver and Bitcoin.

Gareth Soloway: Gold's Next Price Target, Plus Silver and Bitcoin Calls

Gareth Soloway of VerifiedInvesting.com shares price targets for gold, silver and Bitcoin.

He also discusses the health of the US economy and shares concerns about the stock market.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security.

And each time the gold price rises, there are calls for even higher record-breaking levels.

Keep reading...Show less
Prince Silver (CSE:PRNC)

Prince Silver Announces Approved to Commence Trading on OTCQB

Prince Silver Corp. ("Prince" or the "Company") (CSE:PRNC)(OTCQB:PRNCF) is pleased to announce that it has been approved for trading on the OTCQB Venture Market ("OTCQB") effective September 24, 2025. The shares trade on the OTCQB under trading symbol "PRNCF". The Company's shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol "PRNC"

"Trading on the OTCQB gives Prince enhanced access to the U.S. capital markets and makes it easier for American investors to participate in our Nevada based silver growth story" said Ralph Shearing, President of the Company.

Keep reading...Show less
NevGold

NevGold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News