Welcome to our dedicated page for New Found Gold news (Ticker: NFGC), a resource for investors and traders seeking the latest updates and insights on New Found Gold stock.
New Found Gold Corp (NFGC) delivers timely updates on gold exploration activities through this comprehensive news hub. Track press releases, operational developments, and strategic initiatives from the Canadian mineral exploration leader.
This resource provides investors with essential updates including drilling results from the Queensway Project, corporate announcements, and technical insights. Discover detailed reports on resource evaluation progress, exploration methodology enhancements, and partnership developments.
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New Found Gold (NYSE American: NFGC) completed its acquisition of a 100% interest in certain mineral claims from Exploits Discovery, expanding the Queensway Gold Project by up to 31% to 230,225 hectares on December 5, 2025. The Claims adjoin Queensway and consolidate over 110 kilometres of strike along the Appleton and JBP fault zones. Consideration included issuance of 2,821,556 common shares, a 1.0% NSR royalty (with an option to buy 0.5% for CDN$750,000), and contingent issuance of 725,543 shares pending a court determination. The company also granted 300,000 restricted share units to a director under its 5% rolling plan (vesting 1/3 yearly). Technical disclosure was approved by Qualified Person Melissa Render, P.Geo.
New Found Gold (NYSE American: NFGC) released initial grade control drilling results from the Keats excavation at the Queensway Gold Project on December 1, 2025.
Results from the first 16 of 84 grade-control diamond holes (≈638 m) highlight multiple near-surface high-grade intercepts, including 219 g/t Au over 9.35 m and 160 g/t Au over 10.30 m. The KEGCDP tests a ~65 m by 30 m by 40 m volume at 5 m spacing; the full program totals 84 DDH, 2,772 m. Company says results conform with the MRE block model and will support an MRE update and PEA Phase 1 mine planning.
New Found Gold (TSXV: NFG, NYSE American: NFGC) engaged Cutfield Freeman & Co. Ltd. as project finance advisor for the Queensway Gold Project in Newfoundland and Labrador.
CF&Co will evaluate financing alternatives, act as the primary contact with financiers, manage due diligence with short-listed lenders and advise management and the board on final financing selection. The company referenced the 2025 Preliminary Economic Assessment and noted a $155 million initial capital expenditure to fund Phase 1 production currently targeted for H2/27.
New Found Gold (NYSE American: NFGC) reported infill and expansion drilling results from the K2 and Jackpot zones within the AFZ Core at the Queensway Gold Project on November 19, 2025. Results cover 5,777 m across 46 diamond drill holes (DDH) completed in H2/25, including high-grade intercepts such as 16.72 g/t Au over 12.25 m (NFGC-25-2416) and 5.32 g/t Au over 18.85 m (NFGC-25-2453).
The program aims to convert PEA Phase 1 open pit inferred resources to indicated and to test depth extension at K2; an updated MRE is planned for H1/26. The 2025 Queensway drill program is ~85% complete of a planned 70,000 m campaign.
Eric Sprott (through 2176423 Ontario Ltd.) acquired 7,691,250 common shares and 2,000,025 warrants of New Found Gold Corp (NFGC) following the closing of a statutory plan of arrangement between New Found Gold and Maritime Resources on November 13, 2025.
Prior to the arrangement Mr. Sprott held 56,224,015 NFGC shares; after the transaction he beneficially owns 63,915,265 NFGC shares and 2,000,025 NFGC warrants, representing ~18.9% of outstanding shares (non-diluted) and ~19.4% on a partially diluted basis.
Mr. Sprott no longer holds securities of Maritime Resources and ceased to be an insider of Maritime Resources.
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.
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