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A Nevada Antimony-Gold Project, A Maiden Mineral Resource Estimate Coming, And C$42M In The Treasury
With drill results, metallurgical breakthroughs, and an institutional-led financing all stacked i...
About this update from Nevgold Corp
[{"type":"text","content":"A Nevada Antimony-Gold Project, A Maiden Mineral Resource Estimate Coming, And C$42M In The TreasuryIssued on behalf of NevGold Corp.\nWith drill results, metallurgical breakthroughs, and an institutional-led financing all stacked into the same six-week window, NevGold Corp. (TSXV: NAU | OTCQX: NAUFF | FRA: 5E50) is heading into its Q2 2026 maiden antimony-gold Mineral Resource Estimate at Limousine Butte fully funded — and on a near-term U.S. critical-mineral production runway. NEW YORK, May 13, 2026 (GLOBE NEWSWIRE) -- American News Group News Commentary — Junior gold and critical-mineral exploration cycles are usually long, capital-intensive, and uneven. Every once in a while, however, a company stacks a sequence of operational disclosures tightly enough to compress what is normally a multi-quarter narrative into a single window — drilling, metallurgy, financing, and the next catalyst all visible inside the same reporting period. Between March 12 and April 20, 2026, NevGold Corp. (TSX-V: NAU | OTCQX: NAUFF | FRA: 5E50) did exactly that. The Company is a Vancouver-based exploration and development company with four 100%-owned projects across Nevada and Idaho: Limousine Butte (gold-antimony, White Pine County, Nevada — flagship), Nutmeg Mountain (gold, Idaho — flagship), Cedar Wash (gold, Nevada), and Zeus (copper, Idaho). Limousine Butte sits inside a Bureau of Land Management-approved Exploration Plan of Operations covering the full 68 km² property, with up to 200 acres of permitted disturbance over a 10-year term. Nutmeg Mountain continues to advance with drilling and metallurgical testwork with the objective of advancing toward a Preliminary Economic Assessment on the gold side. [1] The April 20 Financing Headline On April 20, 2026, NevGold announced that its previously announced C$25 million brokered private placement had been upsized to C$42 million on strong demand. [1] The upsized offering comprises 22,223,946 common shares at C$1.90, with Clarus Securities Inc. as sole agent and bookrunner. [1] The financing is expected to close on or about May 12, 2026, subject to customary regulatory and TSX Venture Exchange approvals; the common shares will be subject to a four-month-and-one-day hold period from closing. [1] Net proceeds are earmarked for advancing Limousine Butte, N...