NEXG.v President Interview Summary + News Updates In a recent interview with The Deep Dive, Morgan Lekstrom, President of NexGold Mining Corp. Ticker: NEXG.v or NXGCF for US investors), outlined the company's strategic growth with an upcoming significant acquisition that will expand its gold resources to over 3 million ounces.
Full interview:
NexGold is set to acquire Signal Gold Inc. (Ticker: SGNL or SGNLF for US investors) through an all-stock transaction.
This strategic move will combine NexGold's Goliath Gold Complex in Ontario with Signal's Goldboro Gold Project in Nova Scotia, creating a near-term gold developer with a combined measured and indicated resource of approximately 4.7 million ounces of gold.
The merger aims to diversify NexGold's asset base, reducing single-asset risk and enhancing growth potential. Both projects have environmental assessments approved and are expected to complete permitting by 2025.
The combined entity plans to achieve annual production exceeding 200k ounces of gold.
Lekstrom highlighted the near-term nature of their projects, with a construction decision planned to be made for their Goliath Project next year.
He emphasized that NexGold’s path toward becoming a mid-tier developer is supported by resource expansion and potential financing options, which are anticipated within the next year.
Additionally, upcoming news on permitting, First Nations agreements, and exploration results are key catalysts expected to drive market interest.
NexGold has already made significant progress since the interview, which was released less than 2 weeks ago, including:
With these developments, NexGold is positioned to advance its Goliath and Goldboro assets while targeting significant resource growth.
Full press releases here: https://nexgold.com/news/
Posted on behalf of NexGold Mining Corp.