NV Gold Announces Non-Brokered Private Placement

NV Gold Corporation (NVX) announced a non-brokered private placement for gross proceeds of up to $1,401,000 CAD. The offering consists of up to 4,670,000 units priced at $0.30 per unit. Each unit comprises one common share and one-half of one transferable common share purchase warrant, with two half-warrants equaling one whole warrant.

The warrants carry a $0.60 exercise price and a two-year expiration from issuance. An acceleration provision is triggered if shares close at $0.75 or higher for five consecutive trading days. Proceeds are designated for an anticipated drill program and general working capital.

Insider participation is expected, structured as a related-party transaction exempt from formal valuation and minority shareholder approval under MI 61-101. Securities carry a statutory hold period of four months and one day and are not registered in the U.S. Completion is subject to TSX Venture Exchange approval.

The financing follows a clear progression of capital raises, with shares previously sold at $0.10 per unit in July 2025, $0.18 per unit in October and November 2025, and $0.20 per unit in January and February 2026. The current $0.30 per unit price represents a 50% premium over the most recent tranche.

The capital is explicitly earmarked for drilling at the Slumber Gold Project, aligning with the company's stated exploration roadmap and recent positive reverse circulation (RC) drilling results that extended the oxide gold system northward. This is a routine, incremental financing that does not introduce new strategic partners, change the company's jurisdiction, or announce a resource estimate. It serves as a standard working capital and exploration raise for a pre-revenue explorer.

The issuance of 4.67 million units will increase the share count by approximately 15.8%, a level of dilution considered within typical ranges for junior explorers funding active programs.

NV Gold Corporation (NVX) is a Vancouver-based exploration company focused on gold projects in Nevada, USA. Its flagship asset is the Slumber Gold Project, where the company has identified an extensive near-surface oxide gold system with an exploration target of approximately 450,000 ounces. Recent 2025 reverse circulation drilling, totaling 965 meters, confirmed extensions up to 1.7 kilometers north of historic zones, including intercepts such as 1.092 g/t Au over 3.04 meters.

The company’s portfolio also includes the Triple T property, noted for its proximity to operational mines and high-grade surface sampling, as well as the SW Pipe project. NV Gold leverages a proprietary geological data library and AI-targeting for project generation. The team is led by Chairman and CEO John Watson, who brings more than 45 years of experience, and Vice President of Exploration Thomas Klein, a former Newmont geologist. The company reports significant insider ownership, aligning management with shareholders.