Nv Gold Corp Stock Price, News & Analysis

NV Gold (OTCQB:NVGLF, TSXV:NVX) closed the first tranche of a non‑brokered private placement on November 6, 2025, issuing 3,423,330 Units at $0.18 per Unit for aggregate gross proceeds of $616,199. Each Unit includes one common share and one non‑transferable warrant exercisable at $0.40 for 24 months. The Company intends proceeds for exploration at the Slumber Gold Project and for working capital.

Certain insiders bought 3,190,000 Units; John Watson purchased 3,110,000 Units for $559,800, raising his holdings to 13,262,121 shares and increasing his ownership to 58.65% undiluted (~68.46% partially diluted). Securities are subject to a statutory hold period of four months plus one day. TSXV final approval is required for the offering.

NV Gold (OTCQB:NVGLF, TSXV:NVX) announced a non-brokered private placement to raise up to C$1,000,000 via issuance of up to 5,555,555 Units at C$0.18 per Unit, each Unit including one common share and one warrant exercisable at C$0.40 for 24 months. Proceeds are earmarked for a drill program, possible land acquisitions and general corporate purposes.

The company also intends to settle a US$168,213.70 (C$235,869.25) loan from CEO John Watson by issuing 1,684,780 common shares at a deemed price of C$0.14. Mr. Watson committed to subscribe for 3,200,000 Units (C$576,000). Both transactions are subject to TSXV and regulatory approvals and standard hold periods.

NV Gold (OTCQB:NVGLF) has secured an unsecured loan of US$165,000 from company insider John Watson. The loan carries a 12% annual interest rate, compounded annually, with a maturity date of one year from September 2, 2025, or earlier upon demand.

The company plans to utilize the majority of the loan proceeds for Bureau of Land Management fees and exploration services at its Slumber Gold Project, with the remainder allocated for working capital. As a related party transaction, the loan agreement complies with MI 61-101 exemptions, as the loan value is below 25% of the company's market capitalization.

NV Gold Corporation (OTCQB:NVGLF) has announced significant drill results from its 100%-owned Slumber Gold Project in Humboldt County, Nevada. The June 2025 drilling campaign, comprising 5 drillholes totaling 964.7 meters, successfully identified gold mineralization 1.5 kilometers north of previously known zones.

Key highlights include intercepts from hole SL-30 showing 1.092 gpt Au from 192.02m to 195.06m, and multiple mineralized zones in SL-31 with grades ranging from 0.489 to 0.619 gpt Au. The Slumber project, comprising 85 lode mining claims, features volcanic-hosted epithermal gold mineralization and has shown potential for oxide gold recovery.

The company has completed three previous drill campaigns since 2019, with the latest results suggesting a significantly larger oxide gold system than previously established.

NV Gold (OTCQB:NVGLF) has announced a second amendment to its Triple T Property lease agreement. The company will issue 456,600 common shares at C$0.12 per share to settle an annual payment of US$40,000 (approximately C$54,800) owed to the Triple T lessees.

The amendment modifies the exploration and mining lease agreement originally dated June 21, 2021, and previously amended on June 7, 2024. The Payment Shares will be subject to TSX Venture Exchange approval and a four-month statutory hold period from issuance.

NV Gold Corporation (OTCQB:NVGLF) has amended its Triple T Property lease agreement in Pershing County, Nevada. The company will issue 313,000 common shares at C$0.175 per share to settle an annual payment of US$40,000 (approximately C$54,800) under the agreement.

The amended agreement modifies the terms of the original exploration and mining lease agreement from June 21, 2021, which was previously amended on June 7, 2024. The Payment Shares will be subject to TSX Venture Exchange approval and a four-month statutory hold period.

NV Gold Corporation (OTCQB:NVGLF) has completed the first tranche of its previously announced non-brokered private placement, raising $349,800 through the issuance of 3,498,000 units at $0.10 per unit. Each unit includes one common share and one warrant exercisable at $0.20 per share for 24 months.

Notably, President, CEO, and Chairman John Watson acquired 2,950,000 units for $295,000, increasing his ownership to approximately 54.20% of outstanding shares on an undiluted basis and 62.35% on a partially diluted basis. The proceeds will fund exploration at the company's Slumber Gold Project and working capital needs.

NV Gold Corporation (NVGLF) has announced the commencement of a 4,000-foot Reverse Circulation Drill Program at its wholly-owned Slumber Gold Project in Nevada. The drilling program will consist of 7 holes, each ranging from 500-700 feet in depth, targeting new areas identified through previous geophysical and sampling programs. The project is strategically located 50 miles northwest of Winnemucca and 21.7 miles west of the Sleeper gold deposit in Humboldt County. New Frontier Drilling from Fallon, Nevada, will execute the program, scheduled to begin in June 2025 with an expected duration of 2-3 weeks.