Oct. 8 at 9:45 PM
$NXGCF
With financing secured and permitting nearly complete, NexGold Mining is closing in on construction readiness at its 100%-owned Goldboro Gold Project in Nova Scotia.
Following the US
$24M royalty financing with Appian Capital, the company:
Retired its US
$12M Nebari credit facility
Bought back a 0.6% NSR, leaving NexGold debt-free
Secured a non-binding LOI for up to US
$175M in project debt funding to build the mine
Final federal Fisheries Act authorization expected imminently
Provincial industrial approval already granted
Updated feasibility study due early 2026
Expected C
$2.1B GDP contribution to Nova Scotia and 735 jobs created (300 construction, 200 operations)
Community benefit agreements signed with both the Municipality of Guysborough and the Assembly of Nova Scotia Mi’kmaw Chiefs
https://www.reddit.com/r/SmallCapStocks/comments/1o063bl/nexgold_clears_final_hurdles_toward_goldboro_mine/