Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings Routine +

NevGold Announces Completion of Debt Settlement

Nevgold settles remaining debt with Mercer Street and secures C$50 million in liquidity to support its 2027 antimony production plans.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 16:25 NAU · 2.15 Nevgold Corp.
Executive Summary
  • NevGold Corp. completed a debt settlement with Mercer Street Global Opportunity Fund II, LP.
  • The company issued 227,544 common shares at $2.44 per share to settle $555,208.33 in accrued original issue discount (OID) on a convertible security.
  • Mercer Street had previously converted the full $3.5 million principal amount of the convertible security into common shares.
  • Only a minor residual OID remains, accruing from May 15 to August 30, 2026.
  • Management highlighted a strong liquidity position of approximately C$50 million to support near-term antimony production.
Material Impact
  • The debt settlement is a routine financial cleanup that resolves the majority of the accrued OID from a 2024 convertible security.
  • It removes a minor overhang on the balance sheet and confirms the company's strong cash position.
  • The news does not alter the company's operational trajectory, which remains focused on advancing the Limousine Butte project toward a maiden antimony-gold resource estimate and a 2027 production target.
  • Given the market's prior awareness of the C$42.2 million financing and the company's drilling success, this event is incremental and expected.
NAU · Price
Company Overview
  • NevGold Corp. is a pre-revenue junior explorer developing gold, antimony, and copper assets in Nevada and Idaho.
  • Flagship project: Limousine Butte (Nevada), focusing on near-surface oxide gold-antimony mineralization.
  • Strategy centers on leveraging historical leach pads for rapid, near-term antimony production by 2027, bypassing traditional underground mining and extensive permitting.
  • Additional assets: Nutmeg Mountain (Idaho) gold project and Zeus Copper Project (Idaho).
Read the original news release →

More from Nevgold Corp.

Oct 22, 2026 · 07:45

Nevgold reports high-grade gold intercepts in a 12-metre zone, though antimony-priced gold-equivalent values inflate the reported grades.

Drill Results Sep 29, 2026 · 07:45

Nevgold identifies nine new drill targets at its Nutmeg Mountain project in Idaho to expand exploration beyond known mineralized zones.

Drill Results Sep 17, 2026 · 07:45

Nevgold expands the Limo Butte oxide gold resource with low-grade intercepts but reports no high-grade antimony repeat.

Drill Results Aug 31, 2026 · 08:40

Nevgold’s Limousine Butte MRE confirms project scale despite low grades and dilution impacting sentiment.

Resource Estimate Aug 25, 2026 · 07:45

Nevgold’s first 2026 holes expanded the low-grade oxide halo but failed to repeat high-grade Bullet Zone and Armory Fault intercepts.

Drill Results Aug 18, 2026 · 12:10

Nevgold’s third-party commentary supports its July mineral resource estimate without providing new catalysts to reverse the company’s recent share price decline.

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