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NevGold closes $42M private placement to advance key antimony and gold projects in Nevada and Idaho.

Company Fundamentals
12 May 2026
GlobeNewsWire
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Bullish
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NevGold Corp. has successfully closed an upsized private placement financing, raising $42.2 million by issuing over 22 million common shares at $1.90 each. The funds will accelerate development of the Limousine Butte antimony-gold project in Nevada, which is positioned as a critical mineral asset for the U.S., and support the Nutmeg Mountain gold project in Idaho, along with general corporate needs. This financing, supported by institutional investors and led by Clarus Securities, underscores confidence in NevGold's growth strategy and its role in securing domestic mineral supply chains amid geopolitical concerns. The shares are subject to a hold period until September 2026, and the offering awaits final TSX Venture Exchange approval.

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