Sep. 25 at 4:49 PM
$NXGCF Today, NexGold Mining announced a US
$24M royalty financing agreement with Appian Capital Advisory to advance its 100%-owned Goldboro Gold Project in Nova Scotia as well as a non-binding LOI with Appian for a senior secured credit facility of up to US
$175M to fund Goldboro’s development and construction: https://www.globenewswire.com/news-release/2025/09/25/3156466/0/en/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.html
Proceeds will retire a US
$12M Nebari debt facility and repurchase a 0.6% NSR, leaving NEXG debt-free with a clean balance sheet. Notably, Goldboro stands out as NEXG's flagship asset, combining near-term production potential with significant growth upside.
For more information, refer to this summary of NEXG's Beaver Creek Presentation: https://www.reddit.com/r/PennyStocksWatch/comments/1nknoy6/nexgold_mining_corp_nexgv_nxgcf_presents_growth/