New Found Gold Receives Conditional Approval to Graduate to the Toronto Stock Exchange
Rhea-AI Summary
New Found Gold (TSXV:NFG, NYSE American:NFGC) received conditional approval to list its common shares on the Toronto Stock Exchange (TSX), graduating from the TSX Venture Exchange. Final approval requires meeting TSX conditions, including submitting all required documentation by September 14, 2026.
The TSX stock symbol “NFGC” has been reserved to match the NYSE American symbol. Upon TSX graduation, shares will be delisted from the TSXV. Shareholders need not exchange certificates, as the common share CUSIP will remain unchanged.
Positive
- Conditional TSX listing approval, subject to conditions by September 14, 2026
- Graduation from TSXV to TSX may expand capital markets presence
- Unified stock symbol NFGC reserved on TSX and NYSE American
- No change to CUSIP or need to exchange share certificates
Negative
- TSX listing remains conditional pending fulfillment of TSX requirements
- TSXV listing will be terminated once TSX graduation occurs
News Market Reaction – NFGC
In the Jun 29 session, NFGC declined 1.30%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 11 | Hammerdown update | Positive | +4.8% | Operational progress at Hammerdown targeting commercial production and cost metrics. |
| Jun 02 | Queensway work plan | Positive | +3.0% | Expansion of fully funded Queensway 2026 drilling and development program. |
| May 19 | Credit facility draw | Neutral | -2.5% | Initial draw on senior secured credit facility with associated warrants and funding. |
| May 12 | Q1 2026 filings | Neutral | +4.2% | Release of Q1 2026 financial statements and MD&A to regulators and investors. |
| May 04 | Drill results | Positive | -1.4% | High-grade Queensway drilling confirming AFZ Core continuity and new mineralization. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news often sees NFGC trade higher on operational and program updates, though drill results and financing-related items have occasionally drawn softer or negative reactions.
Key Terms
cusip financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2026) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) ("New Found Gold" or the "Company") is pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange (the "TSX") and graduate from the TSX Venture Exchange (the "TSXV"). Final approval of the listing is subject to the Company fulfilling all of the requirements of the TSX, including receipt of all required documentation on or before September 14, 2026.
"Conditional approval to list on the TSX marks an important corporate milestone," stated Keith Boyle, CEO of New Found Gold. "As we move toward commercial production at our Hammerdown Gold Project and continue to advance our fully funded Phase 1 development at our flagship Queensway Gold Project, we believe this graduation will provide greater visibility, liquidity and an expanded capital markets presence, supporting our objective of building a leading Canadian gold mining company as we continue to create value for New Found Gold shareholders."
The stock symbol "NFGC" has been reserved for use by the Company upon listing on the TSX, to align with its stock symbol on the NYSE American LLC. The Company will issue a press release once the TSX confirms the date on which trading of New Found Gold's common shares under the stock symbol "NFGC" is expected to commence on the TSX.
Concurrently with the graduation to the TSX, the Company's common shares will be delisted from the TSXV. Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing, as there will be no change in the CUSIP for the common shares.
About New Found Gold
New Found Gold is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada. The Company holds a
The Company's portfolio is further strengthened by its district-scale land package at Queensway, covering more than 110 km of strike length across two highly prospective faults zones, and a strong shareholder base, including renowned mining investor and cornerstone shareholder, Eric Sprott.
Keith Boyle, P.Eng.
Chief Executive Officer
New Found Gold Corp.
Qualified Person
The scientific and technical information disclosed in this press release was reviewed and approved by Keith Boyle, P.Eng., CEO, and a Qualified Person as defined under NI 43-101. Mr. Boyle consents to the publication of this press release by New Found Gold. Mr. Boyle certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.
Contact
For further information on New Found Gold contact us through our investor inquiry form on our website or contact:
Fiona Childe, Ph.D., P.Geo.
Vice President, Communications and Corporate Development
Phone: +1 (416) 775-2700
Email: contact@newfoundgold.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This press release contains certain "forward-looking statements" within the meaning of Canadian and United States securities legislation, including statements regarding the listing of the Company's common shares on the TSX and the concurrent delisting from the TSX Venture Exchange; the anticipated greater visibility, liquidity and expanded capital markets presence of the Company; the change of stock symbol on the TSX to "NFGC"; the continued work on creating value for the Company shareholders; and the Company's focus on bringing the Hammerdown deposit into commercial gold production in H2/26 and advancing Queensway toward Phase I production. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "interpreted", "intends", "estimates", "projects", "aims", "suggests", "indicate", "often", "target", "future", "likely", "pending", "potential", "encouraging", "goal", "objective", "prospective", "possibly", "preliminary", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSXV and NYSE American, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company's ability to complete exploration and drilling programs as expected, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results and the results of the metallurgical testing program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Annual Information Form and Management's Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca and on the website of the United States Securities and Exchange Commission at www.sec.gov for a more complete discussion of such risk factors and their potential effects.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303220