NV Gold Announces Closing of Non-Brokered Private Placement

On January 20, 2026, NV Gold Corporation announced the closing of a non-brokered private placement initially announced on January 13, 2026. The company issued 2,079,002 units at a price of $0.20 per unit, raising gross proceeds of $415,800. Each unit consists of one common share and one common share purchase warrant. The warrants are exercisable at $0.50 for a period of 24 months. A key provision includes an acceleration clause: if the stock trades at or above $0.50 for three consecutive trading days, the company can accelerate the expiry of the warrants to 30 days. The proceeds are designated for general working capital.

This financing is a Routine - Positive development for the following reasons: * Pricing Strength: Unlike many junior miners forced to raise capital at a steep discount to the market price, NV Gold raised funds at $0.20, which aligns with the trading range ($0.19–$0.21) at the time of closing. This signals investor confidence in the current valuation floor. * Aggressive Warrant Structure: The warrant exercise price is set at $0.50, representing a 150% premium to the issue price. This is non-dilutive in the short term and suggests the participants are betting on significant exploration upside rather than a quick flip. * Balance Sheet Stabilization: Financial statements from mid-2025 indicated a severe working capital deficiency. While $415,800 is not enough to fund a massive drill campaign, it provides immediate liquidity to cover G&A and claim maintenance, removing the immediate threat of insolvency. * Scale: The raise is relatively small. It acts as a bridge financing rather than a transformative capitalization event.

NV Gold Corporation is a junior exploration company focused on Nevada, USA. * Flagship Project: Slumber Gold Project. * Location: Humboldt County, Nevada, approximately 80km NW of Winnemucca. * Geology: Volcanic-hosted epithermal gold system (oxide). * Status: Advanced Exploration. Recent drilling (August 2025) identified extensions of oxide gold mineralization (e.g., 28.95m of 0.43 g/t Au) 1.5km north of previously known zones. The system covers a large footprint (approx. 2.5km x 0.5km), but grades remain low (mostly <1.0 g/t Au). The company aims to prove bulk-tonnage potential. * Secondary Assets: Triple T (exploration stage) and other Nevada properties.