NevGold closes C$10 million private placement financing

NevGold Corp. (TSXV: NAU) announced the completion of its brokered private placement financing, raising gross proceeds of C$10 million. The company issued 15,384,614 units at C$0.65 per unit on November 19, 2025.

Each unit consists of one common share and one-half of one common share purchase warrant. The warrants allow holders to purchase one common share at C$0.90 until November 19, 2027, with exercise restrictions expiring January 19, 2026.

Clarus Securities Inc. served as the sole agent and bookrunner for the offering, receiving a cash commission of C$700,000 and 1,076,922 compensation options. Each compensation option permits the purchase of one common share at C$0.65 until November 19, 2027.

NevGold plans to use the net proceeds to advance its Limousine Butte gold-antimony project in Nevada, Nutmeg Mountain gold project in Idaho, Zeus copper project in Idaho, and for working capital and general corporate purposes.

The financing was completed under the listed issuer financing exemption in accordance with National Instrument 45-106. Securities issued to purchasers are not subject to a hold period under Canadian securities laws, while compensation options face a hold period expiring March 20, 2026.

The offering requires final approval from the TSX Venture Exchange. NevGold is an exploration and development company targeting mineral systems in Nevada and Idaho, holding interests in the Limousine Butte, Cedar Wash, Nutmeg Mountain, and Zeus projects.

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