Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
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 →

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