NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH US NEWS SERVICES.
Vancouver, British Columbia, November 19, 2025 (GLOBE NEWSWIRE) — NevGold Corp. (“NevGold” or “Company“) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the closing of its previously announced brokered private placement financing (“Units“) For gross proceeds US$10,000,000 (“OfferEach unit is priced at $0.65 per unit (“Price issue“), consists of one ordinary share in the capital of the Company (each – “Ordinary share“) and one-half of one warrant to purchase a Common Share (each whole warrant is “Order“). Each warrant entitles the holder to purchase one Common Share at an exercise price of $0.90 until November 19, 2027. The warrants are subject to an exercise restriction which expires on January 19, 2026. Clarus Securities Inc. (“”Agent“), was the sole agent and bookrunner of the Offering.
NevGold CEO Brandon Bonifacio comments: “We are pleased to announce the closing of our C$10 million financing, which puts the company in a strong financial position to further develop its portfolio of assets. We remain focused on developing the new Gold-Antimony Limousine Butte project in Nevada following An important discovery of high-grade antimony made in the Bullet Zone was published on October 16, 2025. We firmly believe that we have one of most advanced gold-antimony assets in the USand the timing is optimal as the government is committed to advancing high quality domestic critical mining projects. We will also continue to advance our efforts in Idaho through the resource development phase of the Nutmeg Mountain Project and the high-prospect Zeus Copper Project. The strong funding support is a testament to NevGold's growing platform. We are grateful to our existing and new shareholders, as well as Clarus Securities, for the successful placement.”
Pursuant to the Offering, the Company has issued an aggregate of 15,384,614 Units at a price of US$0.65 per Unit. The Company intends to use the net proceeds from the Offering to advance its Limousine Butte (Nevada) gold-antimony project, Nutmeg Mountain (Idaho) gold project, Zeus (Idaho) copper project, working capital and general corporate purposes, as further described in the Company's offering document pursuant to the Listed Issuer Financing Exemption dated November 6, 2025, which is available on the Company's profile at www.sedarplus.ca and on the company website www.nev-gold.com.
The placement was carried out in accordance with the terms of the agency agreement between the Company and the Agent dated November 19, 2025. In connection with the Offering, the Agent received a cash commission of $700,000 and 1,076,922 non-transferable incentive options (each, “Compensation option“) on the gross proceeds of the Offering. Each Compensation Option entitles the holder thereof to purchase one share of Common Stock at an exercise price of $0.65 until November 19, 2027.
The offering was completed pursuant to the listed issuer's financing exemption pursuant to National Instrument 45-106 – Exceptions from the prospectus and Coordinated General Order 45-935 – Exemptions from certain conditions of a listed issuer's exemption from financingand the securities issued to purchasers in the Offering will not be subject to a hold period under applicable Canadian securities laws. The compensation options and the securities issuable upon exercise thereof are subject to a hold period expiring on March 20, 2026 in accordance with applicable Canadian securities laws. The offering is subject to final approval by the TSX Venture Exchange.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (“1933 Law“) or any state securities laws and, accordingly, are not offered or sold within the United States except in accordance with the registration requirements of the 1933 Act and applicable government securities requirements or pursuant to exceptions thereto. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction.
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President and CEO
For more information, contact Brandon Bonifacio at: [email protected]call 604-337-4997 or visit our website www.nev-gold.com.
About the company
NevGold is a company dedicated to the exploration and development of large-scale mineral systems in proven areas of Nevada and Idaho. NevGold has a 100% interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, as well as the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on the Company's current expectations and estimates. Forward-looking statements are often characterized by words such as “plan,” “anticipate,” “project,” “intend,” “believe,” “anticipate,” “estimate,” “anticipate,” “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements include, but are not limited to, the anticipated use of proceeds, the eventual approval of the TSX Venture Exchange and the advancement of the Company's mineral projects.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from the anticipated or expected events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions and the ability to obtain all necessary regulatory approvals. There is some risk that forward-looking statements will not prove to be accurate, that management's assumptions may be incorrect or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on such statements due to their inherent uncertainties.
