Nevgold closes $10-million private placement

Executive Summary

• Nevgold Corp. has closed a brokered private placement financing raising C$10 million in gross proceeds.
• The company issued 15,384,614 units at a price of C$0.65 per unit, consisting of one common share and one-half of one common share purchase warrant.
• Net proceeds will be used to advance the Limousine Butte project in Nevada, as well as the Nutmeg Mountain and Zeus projects in Idaho, along with working capital and general corporate purposes.

Key Details

• Gross Proceeds: C$10,000,000.
• Units Issued: 15,384,614 units.
• Price Per Unit: C$0.65.
• Warrant Terms: Each unit includes one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of C$0.90.
• Warrant Expiration: November 19, 2027.
• Warrant Restriction: Exercise is restricted until January 19, 2026.
• Agent/Bookrunner: Clarus Securities Inc.
• Agent Compensation:
  • Cash commission: $700,000.
  • Non-transferable compensation options: 1,076,922 options.
  • Compensation Option Exercise Price: C$0.65 per share.
  • Compensation Option Expiration: November 19, 2027.
• Use of Proceeds: Advancing the Limousine Butte gold-antimony project (Nevada), Nutmeg Mountain gold project (Idaho), Zeus copper project (Idaho), working capital, and general corporate purposes.
• Regulatory Status: Completed pursuant to the listed issuer financing exemption under National Instrument 45-106 and Coordinated Blanket Order 45-935. Securities issued are not subject to a hold period under Canadian securities laws. Compensation options and underlying securities are subject to a hold period expiring March 20, 2026.
• Exchange Approval: Subject to final approval of the TSX Venture Exchange.

Notable Quotes

• "We are pleased to announce the closing of our $10-million financing, which provides the company with a strong financial position to continue to advance its portfolio of assets. We remain focused on progressing the emerging gold-antimony Limousine Butte project in Nevada after the significant high-grade antimony discovery made at the Bullet zone released on Oct. 16, 2025." — Brandon Bonifacio, CEO