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Nevgold Announces Closing of Upsized $42M Brokered Private Placement Financing
Vancouver, British Columbia, May 12, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to
About this update from Nevgold Corp
[{"type":"text","content":" Vancouver, British Columbia, May 12, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has closed its previously announced upsized private placement financing of 22,223,946 Common Shares (“Common Shares”) for gross proceeds of $42,225,497 (the “Offering”). Each Common Share was priced at $1.90 per share (the “Issue Price”), and is subject to a hold period expiring on September 13, 2026. NevGold CEO, Brandon Bonifacio, comments: “We are grateful for the support of the incoming group of institutional investors and our strong existing shareholder base. We are also thankful to Clarus Securities for their capital markets partnership and continued support over the past 12 months. The successful closing of the upsized, no-warrant $42M financing is a strong endorsement of the growing NevGold platform, and we are excited to continue to execute on our clearly defined, well-financed roadmap over the next 12-18 months. The capital raised will allow us to expedite the advancement of the near-term antimony production opportunity from the Limo Butte Project in Nevada - a project that we believe is emerging as one of the most important Critical Minerals assets in the United States. In parallel, we will also continue to unlock value across the broader project area with a focused strategy around oxide gold-antimony. We are at the crossroads of an important geopolitical situation, and the mineral security and stability of the United States, and we are determined to play a leading role in establishing a vertically integrated, domestic antimony supply chain.” Clarus Securities Inc. acted as sole Agent and bookrunner (the “Agent”) in respect of the Offering. The Offering was conducted pursuant to the terms of an agency agreement between the Company and the Agent. In connection with the Offering, the Agent received a $2,533,529.84 cash commission on the gross proceeds of the Offering and 1,333,436 non-transferable compensation options (each, a “Compensation Option”) on the number of Common Shares sold under the Offering. Each Compensation Option entitles the holder thereof to acquire one Common Share at the Issue Price until May 12, 2028. The Common Shares were offered pursuant to exemptions from the prospectus requirements to residents of Canada and ...