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NexGold Announces US$24 Million Royalty and Non-Binding LOI for up to US$175 Million in Project Financing for the Advancement of the Goldboro Gold Project
Globenewswire·2025-09-25 15:02

Highlights: US24millionfinancingthroughthesaleofaRoyaltytoAppianCapitalAdvisoryLimited,supportingtheadvancementoftheGoldboroGoldProjectinNovaScotia.SummarydetailsoftheRoyaltyinclude:US24 million financing through the sale of a Royalty to Appian Capital Advisory Limited, supporting the advancement of the Goldboro Gold Project in Nova Scotia. Summary details of the Royalty include: US24 million upfront payment in cash;2.9% of net smelter returns revenue of all minerals produced on the Goldboro Gold Project up until a threshold of 1.25mm oz of gold or gold equivalent is achieved, after which time the Royalty is only payable on gold;Option, solely at the discretion of the Com ...