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Treasury Metals ( (TSE:NEXG) ) just unveiled an update.
NexGold Mining Corp. has successfully closed a US$24 million financing deal with Appian Capital Advisory Limited for a 2.9% net smelter returns royalty on its Goldboro Gold Project. This transaction provides NexGold with a less dilutive financing option, allowing it to advance the project towards development and construction while eliminating existing debt. The deal includes provisions for buyback options and participation rights for Appian, potentially impacting future project financing and royalty arrangements.
More about Treasury Metals
NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. Its key projects include the Goliath Gold Complex in Northwestern Ontario and the Goldboro Gold Project in Nova Scotia. The company also holds interests in other Canadian projects and 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 community wellbeing.
Average Trading Volume: 784,130
Technical Sentiment Signal: Buy
Current Market Cap: C$259.1M
Find detailed analytics on NEXG stock on TipRanks’ Stock Analysis page.