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The latest update is out from Treasury Metals ( (TSE:NEXG) ).
NexGold Mining Corp. has entered into a US$24 million royalty agreement with Appian Capital Advisory Limited to advance its Goldboro Gold Project in Nova Scotia. This agreement includes a 2.9% net smelter returns royalty on all minerals produced until 1.25 million ounces of gold or gold equivalent is achieved. The deal allows NexGold to pay off existing debt and maintain a clean balance sheet, enhancing its financial flexibility. Additionally, NexGold has signed a non-binding letter of intent with Appian for a potential US$175 million credit facility to support the project’s development and construction, signaling a strategic partnership aimed at advancing the Goldboro project towards operational status.
More about Treasury Metals
NexGold Mining Corp. is a mining company focused on the exploration and development of gold projects. Its primary asset is the Goldboro Gold Project located in Nova Scotia, which is 100% owned by the company.
Average Trading Volume: 769,065
Technical Sentiment Signal: Hold
Current Market Cap: C$238.4M
For detailed information about NEXG stock, go to TipRanks’ Stock Analysis page.