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Treasury Metals ( (TSE:NEXG) ) has issued an announcement.
NexGold Mining Corp. has successfully closed a C$112.5 million bought deal private placement, issuing units and flow-through shares to fund the development of its Goldboro Gold Project and for general corporate purposes. The financing, led by National Bank Financial Inc., BMO Capital Markets, and Red Cloud Securities Inc., will also support Canadian exploration expenses. This strategic move is expected to bolster NexGold’s operational capabilities and enhance its market position in the gold mining industry.
More about Treasury Metals
NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario. The company also owns several other projects throughout Canada and holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project in southeast Alaska. NexGold is committed to engaging with regional communities and Indigenous Nations to create sustainable economic opportunities and promote community wellbeing.
Average Trading Volume: 995,600
Technical Sentiment Signal: Buy
Current Market Cap: C$224.1M
For a thorough assessment of NEXG stock, go to TipRanks’ Stock Analysis page.