Welcome to our dedicated page for Newport Gold news (Ticker: NWPG), a resource for investors and traders seeking the latest updates and insights on Newport Gold stock.
Newport Gold Inc. reports corporate updates around its transition into a public specialty automotive platform through the completed merger with NFI Empire. NFI Empire operates across classic, exotic, and specialty vehicles, with an industrial, sales, and service footprint that supports automotive builds, vehicle services, and digital expansion initiatives.
Recurring NWPG news includes shareholder letters, change-of-control and OTC Markets updates, strategic partnership activity, and platform-development initiatives such as Empire Rides and the earlier near me™ search, discovery, and website-builder assets.
Newport Gold Inc. (OTC PINK:NWPG) has announced a Letter of Intent (LOI) to acquire Save72 Inc., a GPS location platform, aiming for a transaction closure within sixty days. The acquisition shifts Newport's focus from mining to technology, leveraging Save72's growth, which includes a 500% increase in unique visitors in 2022. Save72 plans to enhance its platform with new revenue streams, including advertising packages and location-based services. Newport will finance the acquisition through a combination of cash and stock, ensuring a non-dilutive approach. Anthony McCabe has stepped in as Interim CEO following the resignation of Derek Bartlett.
Newport Gold Inc. (OTC PINKS:NWPG) announced updates on its business objectives as of September 22, 2021. The company plans to advance its exploration and drilling program on the Manitou mining claim in British Columbia, following a suspension due to Covid-19. Key developments include filing updated financial information, engaging Apex Geoscience for exploration, and applying for a Multi-Year Drill permit. The company reports promising gold assays from the Gold Knoll property and intends to conduct a planned 60-meter drill hole testing.