Treasury Metals ( (TSE:NEXG) ) has provided an update.
NexGold Mining Corp. has successfully closed a C$10 million bought deal private placement, issuing 13,889,000 units at C$0.72 per unit. The proceeds will be used to advance the company’s mineral properties and for general corporate purposes, potentially strengthening its position in the gold mining industry. This strategic financial move, led by National Bank Financial Inc. and Red Cloud Securities Inc., underscores NexGold’s commitment to growth and development, with implications for stakeholders in terms of enhanced project funding and potential future returns.
More about Treasury Metals
NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska, including the Goliath Gold Complex in Northwestern Ontario and the Goldboro Gold Project in Nova Scotia. The company also owns several other projects throughout Canada and holds a 100% interest in the Niblack copper-gold-zinc-silver VMS project in Alaska. NexGold is committed to engaging with regional communities and Indigenous Nations to create sustainable economic opportunities and enhance social value.
YTD Price Performance: -12.68%
Average Trading Volume: 251,496
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$89.04M
For detailed information about NEXG stock, go to TipRanks’ Stock Analysis page.