Palisades Goldcorp Ltd. (NFGC) discloses 26.75M shares, 7.8% stake

Rhea-AI Filing Summary

Palisades Goldcorp Ltd. amended a Schedule 13G to report beneficial ownership of 26,750,000 common shares of New Found Gold Corp. The filing shows this equals 7.8% of the class based on 345,212,549 shares outstanding as of March 31, 2026. The amendment is signed by Palisades' CFO on May 15, 2026.

Insights

Institutional Ownership Analyst

Holds a mid‑single‑digit stake disclosed via Schedule 13G/A.

Palisades Goldcorp Ltd. reports 26,750,000 shares, representing 7.8% of New Found Gold Corp.'s common stock as of March 31, 2026. The filing updates beneficial ownership on record and reflects passive reporting rules consistent with a Schedule 13G amendment.

The position size is visible in the filing; subsequent changes would appear in later ownership amendments or other SEC reports. Transaction timing and acquisition method are not detailed in the provided excerpt.

Compliance & SEC Reporting Specialist

Amendment clarifies voting and dispositive power figures for regulatory record-keeping.

The cover data shows sole voting power and sole dispositive power at 26,750,000 shares, and the percentage is calculated from 345,212,549 shares outstanding as of March 31, 2026. The form follows Schedule 13G/A formatting conventions for passive investors.

Watch for future amendments if Palisades' stake crosses reporting thresholds or if the nature of ownership changes from passive to active, which would alter filing obligations.

Key Figures

Beneficial ownership: 26,750,000 shares Percent of class: 7.8% Shares outstanding: 345,212,549 shares +3 more

6 metrics

Beneficial ownership 26,750,000 shares Amount reported by Palisades Goldcorp Ltd.

Percent of class 7.8% Calculated from outstanding shares as of <date>March 31, 2026</date>

Shares outstanding 345,212,549 shares Reported as issued and outstanding as of <date>March 31, 2026</date> in Exhibit 99.2 to Form 6‑K

Sole voting power 26,750,000.00 Sole voting power reported on cover page

CUSIP 64440N103 New Found Gold Corp. common shares CUSIP

Signature date 05/15/2026 Date the Schedule 13G/A amendment was signed

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, percent of class

4 terms

Schedule 13G/A regulatory

"Amendment No. 2 New Found Gold Corp. Common Shares"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned regulatory

"Amount beneficially owned: The response of the Reporting Person to Item 9"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole Dispositive Power 26,750,000.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class regulatory

"7.8 % Comment for : Percent of class in Row 11"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

New Found Gold Corp.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

64440N103

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 64440N103

1

Names of Reporting Persons

Palisades Goldcorp Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BRITISH COLUMBIA, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 26,750,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 26,750,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.8 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Percent of class in Row 11 is based on 345,212,549 Common Shares, no par value, reported as issued and outstanding as of March 31, 2026 in Exhibit 99.2 to the Issuer's Form 6-K filed with the U.S. Securities and Exchange Commission on May 13, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: New Found Gold Corp.
(b)	Address of issuer's principal executive offices: 1133 Melville Street, Suite 3500, The Stack, Vancouver, BRITISH COLUMBIA, CANADA, V6E 4E5.
Item 2.
(a)	Name of person filing: Palisades Goldcorp Ltd.
(b)	Address or principal business office or, if none, residence: 3 221 - 998 Harbourside Drive, North Vancouver, British Columbia, Canada, V7P 3T2
(c)	Citizenship: British Columbia, Canada
(d)	Title of class of securities: Common Shares, no par value
(e)	CUSIP No.: 64440N103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The response of the Reporting Person to Item 9 on the attached cover page is incorporated herein by reference.
(b)	Percent of class: The response of the Reporting Person to Item 11 on the attached cover page is incorporated herein by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The response of the Reporting Person to Item 5 on the attached cover page is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The response of the Reporting Person to Item 6 on the attached cover page is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The response of the Reporting Person to Item 7 on the attached cover page is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The response of the Reporting Person to Item 8 on the attached cover page is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Palisades Goldcorp Ltd.

Signature:	/s/ Jeff Stieber
Name/Title:	Jeff Stieber, Chief Financial Officer
Date:	05/15/2026

FAQ

What stake does Palisades Goldcorp report in NFGC?

Palisades Goldcorp reports ownership of 26,750,000 common shares of NFGC, equal to 7.8% of the class. The percentage is calculated using 345,212,549 shares reported outstanding as of March 31, 2026 in Exhibit 99.2 to a Form 6‑K.

When is the outstanding share count used for NFGC's percentage calculation?

The filing uses an outstanding share count of 345,212,549 common shares as of March 31, 2026. That figure appears in Exhibit 99.2 to the issuer's Form 6‑K referenced in the Schedule 13G/A amendment.

Who signed the Schedule 13G/A amendment for NFGC?

The amendment is signed by Jeff Stieber, Chief Financial Officer, on behalf of Palisades Goldcorp Ltd. The signature date shown is May 15, 2026, certifying the Schedule 13G/A responses incorporated by reference.

Does the Schedule 13G/A specify how Palisades acquired NFGC shares?

The amendment reports beneficial ownership and voting/dispositive power figures but does not describe acquisition methods. It incorporates the cover‑page amounts by reference and follows Schedule 13G/A disclosure formats for passive ownership.