Northwire Canada EditionMonday, August 31, 2026
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SILVER 67.02 −1.1% OIL 85.71 +2.8% PALLADIUM 1382.25 −4.5% AZS 0.720 +0.0% SWA 0.035 +0.0% CBI 0.110 +4.8% MKA 0.720 +2.9% FRED 0.710 +0.0% AUGC 0.230 +0.0% IGO 0.170 −2.9% NIM 0.770 −3.8% CGM 0.205 −1.2% SCD 0.185 +5.7% NAU 1.46 −1.4% NRC 1.07 +3.9% SLI 3.83 +8.2% LMS 0.270 +0.0% GSKR 3.49 −0.3% BONE 0.035 +0.0% SILVER 67.02 −1.1% OIL 85.71 +2.8% PALLADIUM 1382.25 −4.5% AZS 0.720 +0.0% SWA 0.035 +0.0% CBI 0.110 +4.8% MKA 0.720 +2.9% FRED 0.710 +0.0% AUGC 0.230 +0.0% IGO 0.170 −2.9% NIM 0.770 −3.8% CGM 0.205 −1.2% SCD 0.185 +5.7% NAU 1.46 −1.4% NRC 1.07 +3.9% SLI 3.83 +8.2% LMS 0.270 +0.0% GSKR 3.49 −0.3% BONE 0.035 +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 →

More from Nevgold Corp.

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.

Other Aug 14, 2026 · 09:10

Nevgold defines a maiden antimony-gold resource at the project, though the deposit lacks economic validation at current metal prices.

Resource Estimate Aug 10, 2026 · 09:07

Nevgold’s maiden resource confirms antimony-gold potential at the project, though economic viability remains unproven.

Resource Estimate Jul 15, 2026 · 07:45

Nevgold’s maiden oxide gold-antimony resource at the Nevada project contains 181,000 ounces of gold and 29,600 tonnes of antimony measured and indicated resources.

Resource Estimate