NexGold Secures C$10 Million in Bought Deal Private Placement

Treasury Metals ( (TSE:NEXG) ) has shared an update.

NexGold Mining Corp. announced a C$10 million bought deal private placement agreement with National Bank Financial Inc. as the sole bookrunner. The proceeds will be used for advancing the company’s mineral properties and general corporate purposes. This move is expected to bolster NexGold’s financial position and support its ongoing projects, subject to regulatory approvals. The offering is anticipated to close by April 9, 2025, with securities subject to a hold period under Canadian laws.

More about Treasury Metals

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. It operates the Goliath Gold Complex in Northwestern Ontario and the Goldboro Gold Project in Nova Scotia. The company also owns other projects, including the Weebigee-Sandy Lake Gold Project JV and the Gold Rock exploration property in Canada, as well as the high-grade 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: 11.27%

Average Trading Volume: 199,022

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$113.4M

For detailed information about NEXG stock, go to TipRanks’ Stock Analysis page.