Nevgold signs standstill agreement with Goldmining

Executive Summary

• Nevgold Corp. entered into an 18‑month standstill agreement with its largest shareholder, Goldmining Inc., preventing Goldmining from selling or otherwise disposing of its ~16.7% stake in the open market.
• The agreement secures share stability and signals continued support from Goldmining, which holds 19,073,350 common shares.
• Nevgold indicated an “extremely active end to 2025” with forthcoming updates on its Limousine Butte (oxide gold‑antimony), Nutmeg Mountain (oxide gold) and Zeus (copper) projects.

Key Details

• Standstill Terms: Goldmining Inc. agrees not to sell, transfer, or dispose of Nevgold common shares through open‑market transactions for 18 months, subject to customary exceptions.
• Shareholding Impact: Goldmining controls 19,073,350 shares (~16.7% of Nevgall’s outstanding common equity).
• Strategic Rationale: The agreement is intended to provide share price stability and demonstrate shareholder confidence while Nevgold advances its project pipeline.
• Project Outlook: Nevgold expects multiple updates on:
• Limousine Butte (oxide gold‑antimony) – Nevada
• Nutmeg Mountain (oxide gold) – Idaho
• Zeus (copper) – Idaho
• Management Comments:
• CEO Brandon Bonifacio highlighted the standstill as a positive step and previewed an active development schedule through late 2025.
• Goldmining CEO Alastair Still reaffirmed support for Nevgold’s growth and its role as the largest shareholder.

Notable Quotes

• “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.” – Brandon Bonifacio, CEO, Nevgold Corp.
• “We continue to be supportive of Nevgold and continue to be its largest shareholder… We look forward to working with Nevgold as it continues to progress and develop its high‑quality projects in the Western USA.” – Alastair Still, CEO, Goldmining Inc.