New Found Gold Corp Stock Price, News & Analysis

New Found Gold (NYSE American: NFGC) closed its previously announced arrangement to acquire all outstanding Maritime Resources shares on November 13, 2025, making Maritime a wholly-owned subsidiary.

The Exchange Ratio was 0.75 New Found Gold share per Maritime share, producing a pro forma ownership split of approximately 69% New Found Gold and 31% former Maritime on a fully-diluted in-the-money basis. The combined company is now producing gold and will apply to delist Maritime from the TSXV.

The Company agreed a shares-for-debt settlement with SCP for 1,085,003 New Found Gold shares at a deemed price of $3.02 per share (aggregate ~$3,276,712); issuance is subject to TSXV and NYSE American approvals.

New Found Gold (NYSE American: NFGC) filed its quarterly financial statements and Management's Discussion and Analysis for the quarter ended September 30, 2025. The Q3 documents are available on SEDAR+ and the SEC EDGAR system, and also on the company's website.

The company granted incentive stock options to officers and employees to acquire an aggregate of 66,944 common shares at an exercise price of $2.70. The Options are exercisable for a 5-year term expiring November 6, 2030 and are subject to vesting provisions. The company also granted 41,348 restricted share units to certain officers with 1/3 vesting after one year and 1/3 vesting each year thereafter until fully vested.

New Found Gold (NYSE American: NFGC) announced that Maritime Resources securityholders approved the proposed arrangement, with the special resolution passing by 99.68% of shareholders and 99.69% of securityholders at the November 5, 2025 meeting. Maritime will seek a final order from the Supreme Court of British Columbia on November 7, 2025, and closing is expected on or around November 13, 2025, subject to customary court, stock exchange and regulatory approvals.

The company also appointed Jelena Novikov Fried as General Counsel and Corporate Secretary effective November 3, 2025; she has over 20 years of corporate and securities legal experience including roles at Li-Cycle and major law firms and holds a Juris Doctor from the University of British Columbia.

New Found Gold (NYSE: NFGC) announced Q3/25 exploration drilling results from the AFZ Peripheral area at its 100%‑owned Queensway project on October 30, 2025. Dropkick step-outs extended the mineralized strike to 815 m and to a vertical depth of 285 m. Key intercepts include 29.2 g/t Au over 9.25 m, 20.9 g/t Au over 11.10 m, 8.31 g/t Au over 18.20 m, and 4.55 g/t Au over 28.55 m. Blue Jay reconnaissance returned 84.4 g/t Au over 2.00 m and 2.94 g/t Au over 16.00 m. The 2025 Queensway drill program is ~70,000 m and reported as >75% complete; follow-up drilling and surface excavation work are ongoing.

New Found Gold (NYSE American: NFGC) reported results from 11,187 m of Q3/25 drilling (79 DDH) at the 100%‑owned Queensway Gold Project in Newfoundland. 2025 highlights include 10.35 g/t Au over 20.50 m (NFGC‑25‑2299) and 7.47 g/t Au over 13.40 m (NFGC‑25‑2265) in the Dome step‑out program, plus high‑grade infill intercepts at Lotto/Lotto North including 40.62 g/t Au over 2.80 m (NFGC‑25‑2268) and 33.83 g/t Au over 2.05 m (NFGC‑25‑2292).

The 2025 program is ~70% complete of a planned 70,000 m campaign; infill drilling to convert inferred to indicated resources is complete for Phase 1 open pits and ~80% complete for Phase 2. Results will be incorporated into a Queensway mineral resource update scheduled for H1/26.

New Found Gold (NYSE-A: NFGC) has announced the granting of equity incentives to company insiders. The company has issued 809,167 stock options to directors, officers, and employees at an exercise price of $2.97, valid until September 25, 2030. Additionally, 2,053,000 restricted share units (RSUs) were granted to directors and officers, with a three-year vesting schedule where one-third vests annually.

The stock options are part of the company's 10% rolling incentive stock option plan, while the RSUs fall under their 5% rolling share unit plan. The scientific and technical information in the release was approved by Melissa Render, P. Geo., the company's President and Qualified Person.

New Found Gold (NYSE-A: NFGC) has announced significant results from its channel sampling program at the Iceberg excavation within the AFZ Core area of its 100%-owned Queensway Gold Project in Newfoundland and Labrador. The program revealed multiple high-grade gold intersections including 64.8 g/t Au over 6.71m and 113 g/t Au over 2.99m.

The excavation exposed gold-bearing quartz veins across a 185m strike length, with 964m of channel samples collected at 7.5m intervals in 45 channel lines. This systematic sampling program was designed to analyze grade variability and validate the geological model for zones targeted in Phase I custom milling outlined in the Queensway Preliminary Economic Assessment.

The company is advancing with a 70,000m drill program initiated in May 2025, with 80% focused on the AFZ Core area. Additional work includes the Lotto zone excavation sampling program and upcoming 5m x 5m definition drilling at Keats and Iceberg.

New Found Gold (NYSE-A: NFGC) has announced significant leadership changes to strengthen its board and management team as it progresses toward becoming an emerging Canadian gold producer. The company has appointed Dr. Andrew Furey, former Premier of Newfoundland and Labrador, as an independent Director, bringing valuable governmental and policy expertise to the board.

Additionally, the company has named Hashim Ahmed as CFO, bringing 25 years of financial management experience, and promoted Robert Assabgui from Study Manager to COO, leveraging his extensive mining operations background. These appointments come as Vijay Mehta steps down from his Director role and Michael Kanevsky transitions out of his CFO position.

New Found Gold (NYSE-A: NFGC) has announced its participation in three major mining conferences: the Precious Metals Summit in Beaver Creek (September 9-12, 2025), Mining Forum Americas 2025 in Colorado Springs (September 14-17, 2025), and the Munich Mining Conference in Germany (October 3-4, 2025).

CEO Keith Boyle and VP Communications Fiona Childe will represent the company, discussing their recent Maritime Resources Corp. combination, Queensway Gold Project expansion, and Preliminary Economic Assessment. The conferences will feature presentations and one-on-one meetings with institutional investors, mining specialists, and private equity funds.