NevGold Secures $10M as Perpetua Hits $4.2B: The Two Critical U.S. Antimony Companies

On November 2nd, NIA released one of our most important alerts of 2025: “Massive Antimony Re-Rating Potential: NevGold (TSXV: NAU)”. To read this alert, click here. NIA explained how NevGold is poised to become only the second company in U.S. history to establish a compliant domestic antimony resource. The first was Perpetua Resources (TSX: PPTA), and notably, JP Morgan made a significant investment into PPTA last month… underscoring rapidly increasing institutional interest in U.S. antimony assets. PPTA is up by 4.92% today to $34.18 per share, valuing the company at $4.2 billion!

On November 8th, NIA sent out an important update after its President spoke directly with NevGold (TSXV: NAU) CEO Brandon Bonifacio, who confirmed that the company was seeing strong institutional demand for a planned $10 million equity raise to fund an expansion of NevGold’s ongoing high-grade antimony/gold drilling program at the emerging Limousine Butte Project in Nevada. At that time, NevGold had already completed 13 drill holes, with assays released from only the first hole and all remaining results pending.

This afternoon (two hours ago), NevGold (TSXV: NAU) officially closed the $10 million financing, placing the company in its strongest financial position to date as it advances toward its maiden U.S. antimony/gold resource… a milestone with the potential to significantly re-rate NevGold relative to peers with far larger market caps.

NevGold Announces Closing of C$10M Brokered Private Placement Financing

November 19, 2025 12:11 ET | Source: NevGold Corp.

Vancouver, British Columbia, Nov. 19, 2025 (GLOBE NEWSWIRE) — NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has closed its previously-announced brokered private placement financing of units (the “Units”) for gross proceeds of $10,000,000 (the “Offering”). Each Unit, priced at $0.65 per Unit (the “Issue Price”), consists of one common share in the capital of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.90 until November 19, 2027. The Warrants are subject to a restriction on exercise that expires on January 19, 2026. Clarus Securities Inc. (the “Agent”), was sole agent and bookrunner for the Offering.

NevGold CEO, Brandon Bonifacio, comments: “We are pleased to announce the closing of our C$10 million financing which provides the Company with a strong financial position to continue to advance its portfolio of assets. We remain focused on progressing the emerging gold-antimony Limousine Butte Project in Nevada after the significant high-grade antimony discovery made at the Bullet Zone released on October 16, 2025. We strongly believe that we have one of the most advanced gold-antimony assets in the United States, and the timing is optimal as there is a clear commitment from the government to advance high-quality, domestic, critical mineral projects. We will also continue to advance our efforts in Idaho at the resource stage Nutmeg Mountain Gold Project and the highly prospective Zeus Copper Project. The strongly supported financing is a testament to the growing NevGold platform. We are thankful to our existing and new shareholders, and Clarus Securities on the successful offering.”

The Company issued an aggregate of 15,384,614 Units at a price of $0.65 per Unit pursuant to the Offering. The Company intends to use the net proceeds of the Offering for advancing its Limousine Butte gold-antimony project (Nevada), Nutmeg Mountain gold project (Idaho), Zeus copper project (Idaho), working capital and general corporate purposes, as further described in the Company’s offering document under the listed issuer financing exemption dated November 6, 2025, which is filed on the Company’s profile at www.sedarplus.ca and on the Company’s website at www.nev-gold.com.

The Offering was conducted pursuant to the terms of an agency agreement between the Company and the Agent dated November 19, 2025. In connection with the Offering, the Agent received a cash commission of $700,000 and 1,076,922 non-transferable compensation options (each, a “Compensation Option”) on the gross proceeds of the Offering. Each Compensation Option will entitle the holder thereof to acquire one Common Share at an exercise price of $0.65 until November 19, 2027.

The Offering was completed pursuant to the listed issuer financing exemption in accordance with National Instrument 45-106 – Prospectus Exemptions and the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and the securities issued to purchasers in the Offering are not subject to a hold period pursuant to applicable Canadian securities laws. The Compensation Options and the securities issuable on exercise thereof are subject to a hold period expiring on March 20, 2026 in accordance with applicable Canadian securities laws. The Offering is subject to the final approval of the TSX Venture Exchange.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws, and accordingly, were not offered or sold within the United States except in compliance with the registration requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

ON BEHALF OF THE BOARD

“Signed”

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.

About the Company

NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.