NexGold Announces US$24 Million Royalty and Non-Binding LOI for up to US$175 Million in Project Financing for the Advancement of the Goldboro Gold Project

Provided By GlobeNewswire

Last update: Sep 25, 2025

Highlights:

TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce that, on September 24, 2025, it entered into a royalty agreement with an affiliate of Appian Capital Advisory Limited (“Appian”) in relation to the Company’s 100% owned Goldboro gold project (the “Project”). Under the terms of the agreement, Appian will pay Goldboro Gold Mines Inc. (the subsidiary of NexGold holding title to the Project) (“GGM”) consideration of US$24 million for a 2.9% net smelter returns royalty (the “Royalty”) covering all minerals produced from the Project up until 1,250,000 ounces of gold or gold equivalent is achieved, and thereafter only covering gold, for the life of the Project. Further details are set out below under “Royalty Transaction Details”. The transaction is subject to customary closing conditions (including the approval of the TSX Venture Exchange (“TSXV”)) and is expected to close towards the end of September 2025.