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Exploits Discovery Corp. reports developments for a Canadian gold exploration business focused on Québec and Ontario projects, including Fenton, Wilson, Benoist and Hawkins. Recurring updates cover exploration results, diamond drilling, surface sampling, geophysical and structural targets, and the company's strategic equity and royalty exposure in Newfoundland following the completed sale of its Newfoundland claims.
Company news also includes flow-through share financings for Canadian exploration expenditures, shareholder voting matters, board and leadership changes, and other governance actions tied to its public-company status on the OTCQB and Canadian Securities Exchange.
Exploits Discovery Corp (OTCQB:NFLDF) closed the sale of substantially all Newfoundland mineral claims to New Found Gold (NFG) on December 5, 2025.
Consideration: 2,821,556 NFG shares (closing price $4.18 on Dec 4, 2025; ≈$11.8M) plus a 1.0% NSR royalty. Contingent: an additional 725,543 NFG shares (~$3.0M at $4.18) pending a favorable Supreme Court of Newfoundland and Labrador determination. NFG shares have a four-month hold expiring April 6, 2026.
Exploits retains ~680,000 oz of historical gold estimates across Québec and Ontario and pro forma treasury of ~$13M in cash and NFG shares.
Exploits Discovery Corp (OTCQB:NFLDF) reported the results of its annual general and special meeting held on October 28, 2025. Shareholders approved a special resolution to sell a 100% interest in all of the company's mineral claims in Newfoundland to New Found Gold Corp, with the transaction receiving 99.51% approval.
All board nominees were re-elected and Davidson & Company was reappointed as auditor for the ensuing year. Vote tallies showed directors received between 44,105,163 and 44,382,363 "for" votes, and the auditor reappointment passed with 99.68% support.
Exploits Discovery (OTCQB: NFLDF) launched high-resolution drone magnetic and VLF-EM surveys at its Fenton and Wilson gold projects in Québec to map structural controls and identify priority drill targets ahead of a planned winter drill program.
Key metrics: magnetic 270 line-km at Fenton and 700 line-km at Wilson; VLF-EM 135 line-km at Fenton and 350 line-km at Wilson; 50m line spacing at 35–40m altitude. The company recently agreed to sell Newfoundland assets for up to 3,547,100 shares at $2.48 (up to ~$8.8M), leaving Exploits with ~$10M cash and no debt.
Exploits Discovery (OTCQB: NFLDF, CSE: NFLD) filed its management information circular for the annual general and special meeting now available on the company website and SEDAR+.
The Meeting is scheduled for October 28, 2025 at 10:00 a.m. ET in Toronto. Key business: elect directors, reappoint auditor, and consider a special resolution to approve the previously announced sale of 100% of the company's Newfoundland mineral claims to New Found Gold (announced Sept 8, 2025). The Board unanimously recommends voting FOR. Voting deadline: 10:00 a.m. ET on October 24, 2025. Record date: Sept 15, 2025.
Exploits Discovery (OTCQB: NFLDF) has entered into a definitive agreement to sell its Newfoundland mineral claims to New Found Gold Corp. (NFG) in a transaction valued at up to C$8.8 million. The deal includes C$7 million in NFG shares (2,821,556 shares) and a 1% NSR royalty on select claims, with potential additional consideration of C$1.8 million in NFG shares for disputed claims.
The transaction covers 1,984 mineral claims (49,600 ha), excluding 360 disputed claims (9,000 ha). NFG retains a three-year option to repurchase 0.5% of the royalty for C$750,000. The deal requires 66.67% shareholder approval and is expected to close in Q4 2025.
Post-transaction, Exploits will focus on its four cornerstone gold projects in Ontario and Québec, which contain historical gold resources of approximately 680,000 ounces.
New Found Gold (NYSE-A: NFGC) has entered into a property purchase agreement to acquire mineral claims from Exploits Discovery Corp., significantly expanding its Queensway Gold Project in Newfoundland. The acquisition will increase the project size by 33% to 234,050 hectares.
The transaction involves 2,821,556 common shares issued to Exploits, with an additional 725,543 shares pending court determination of disputed claims. The deal includes a 1% NSR Royalty, with NFGC retaining the right to purchase 0.5% for CDN$750,000 within three years. The acquisition adds 20 km of strike extent along the main gold-mineralizing structures and requires 66.67% approval from Exploits shareholders, with closing expected in Q4 2025.
Exploits Discovery (OTCQB: NFLDF) has announced significant progress at its Hawkins Gold Project in Northern Ontario, including the completion of a site visit and submission of drill permit applications. The company has initiated planning for sampling programs, surface prospecting, mapping, trenching, and geophysical surveys across the property's 60+ km greenstone belt.
In a strategic move to strengthen its technical capabilities, Exploits has appointed Dr. Natalie Pietrzak-Renaud as Technical Advisor. Dr. Pietrzak-Renaud brings over 20 years of multi-commodity exploration experience and previously led exploration programs at the Hawkins property from 2020 to 2022. The appointment aims to accelerate the development of the project, which the company believes has district-scale gold potential.
Exploits Discovery Corp (OTCQB: NFLDF) has announced results from its Phase 4 drilling campaign at the Bullseye property. The program successfully confirmed gold mineralization continuation at the Saddle Zone, with a notable intercept of 25.36 g/t gold over 1.60 metres extending the Horseshoe Zone at depth.
The company has completed 20,000 metres of drilling at Bullseye, identifying two high-grade gold zones: Horseshoe and Saddle. The property's strategic location includes 10+ km of contiguous claims along the Appleton Fault Zone, adjacent to New Found Gold Corp's recently announced resource. Notable drill results include intersections of 4.65 g/t gold over 0.55 metres and 2.02 g/t gold over 1.00 metres.
Exploits maintains a strong financial position with over $4 million in cash and no debt, positioning the company for continued exploration advancement.