NevGold Congratulates Perpetua Resources On US$2.9 Billion Loan for the Gold-Antimony Stibnite Project in Idaho; NevGold Rapidly Advancing its At-Surface Oxide, Antimony-Gold Limo Butte Project to Near-Term U.S. Production

NevGold issued a congratulatory release to Perpetua Resources for securing a US$2.9 billion EXIM loan for the Stibnite gold-antimony project. NevGold uses the occasion to highlight that its Limo Butte project is advancing a maiden antimony-gold Mineral Resource Estimate (MRE) and that at‑surface oxide antimony‑gold could enter production within 12–18 months. No new drill assays, metallurgy, financing, or permitting milestones are disclosed. The release is effectively a strategic‑positioning piece that ties NevGold’s project to the domestic antimony supply‑chain narrative.

The release contains no fresh company‑specific data; it is a thematic follow‑on to the broader antimony macro story. All of the project’s key catalysts (maiden MRE, 20,000‑m drill program, near‑term leach‑pad production plan) were already well‑telegraphed in prior news. The market already priced those expectations after the C$42 M financing and a string of strong metallurgical and drill‑result announcements in April‑May 2026. A congratulatory note about a peer does not alter fundamental value, production‑timeline certainty, or resource definition. Therefore, the market impact is negligible — the news falls into the “Routine – Positive” category, reinforcing sentiment but not moving the needle.

NevGold Corp. is a Canadian‑listed junior miner focused on oxide gold‑antimony and copper projects in the U.S. Its flagship is the Limousine Butte (Limo Butte) Project in Nevada, a brownfield site with historic gold production (>100,000 oz in 1989‑90). The project features at‑surface oxide gold‑antimony mineralization, including two historical leach pads (crushed and ROM material) that already contain mined and stacked ore and could be re‑processed for antimony and gold. Drilling has outlined a large footprint at Resurrection Ridge (including the high‑grade Bullet Zone and Armory Fault discoveries) and Cadillac Valley, with a combined strike length exceeding 5 km. The company also holds the Nutmeg Mountain gold project (Idaho), which hosts an indicated resource of 1.19 Moz Au and an inferred resource of 0.55 Moz Au, and the early‑stage Zeus copper project (Idaho). NevGold’s strategy is to fast‑track antimony production — a U.S. critical mineral — from the leach pads by 2027 and to define a larger combined gold‑antimony resource.