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NeXGold Mining Corp V.NEXG

Alternate Symbol(s):  NXGCF

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. Its Goliath Project, which includes the Goliath, Goldlund, and Miller deposits, is located in Northwestern Ontario. The Goliath Gold Complex refers to a prospective 65 kilometers (km) trend in approximately 330 square kilometers (km2) land package comprised of three distinct projects located within the Wabigoon-Greenstone belt in the Dryden-Sioux Lookout Area of northwestern Ontario. It also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, It holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver volcanogenic massive sulfide ore (VMS) project, located adjacent to tidewater in southeast Alaska. The Gold Rock Property is located 38 km south of Dryden, Ontario. It has 100% interest in five properties: Texas Creek, Cantoo, Mineral Hill, Rooster and Casey, totaling 7,920 ha.


TSXV:NEXG - Post by User

Post by MarketMakersson Dec 02, 2024 4:29pm
55 Views
Post# 36341506

SGNL Shareholder Vote Ends Dec 4

SGNL Shareholder Vote Ends Dec 4Marking a critical step in the acquisition process, the shareholder vote for Signal Gold's merger with NexGold Mining (NEXG.v, NXGCF) is nearing its deadline with the special meeting to be held December 6th: https://www.stocktitan.net/news/SGNLF/signal-gold-reminds-shareholders-to-cast-their-vote-for-the-upcoming-7xfijtzd2erz.html
 
Notably, this merger between SGNL and NEXG is set to reshape the company’s growth trajectory and position it as a significant player in the industry as it will combine SGNL'’s established assets with NEXG's proven operational expertise, creating a stronger, more diversified gold producer with significant upside potential.
 
Setting the company on an ambitious path to becoming a mid-tier gold producer, NEXG will be on track to exceed 200,000 ounces of annual production through strategic development and M&A following this acquisition, with a combined resource base of 6 million ounces, including 4.7 million in high-confidence categories.
 
Brings near-term development potential with final permitting expected by 2025, the merger is backed by $25M in funding, including $18.5M raised through concurrent financing, positioning NEXG well to execute its growth plans and deliver long-term value.
 
For more information, refer to this deep dive: https://www.reddit.com/r/PennyStocksCanada/comments/1h24wos/positioned_for_midtier_gold_production_with/ 

Posted on Behalf of NexGold Mining Corp.

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