NexGold Mining Secures US$24 Million Royalty Financing with Appian Capital to Advance Goldboro Project; Retires Existing Debt
Reuters
Sep 30, 2025
NexGold Mining Secures US$24 Million Royalty Financing with Appian Capital to Advance Goldboro Project; Retires Existing Debt
**NexGold Mining Corp. Secures US$24 Million Royalty Financing with Appian Capital Advisory** TORONTO, Sept. 29, 2025 - NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) has announced the closing of a US$24 million royalty financing agreement with Appian Capital Advisory Limited. Under the terms, NexGold's subsidiary, Goldboro Gold Mine Inc. $(GGM)$, has granted Appian a 2.9% net smelter returns royalty on its 100%-owned Goldboro Gold Project. The proceeds were used in part to retire a US$12 million credit facility and buy back a 0.6% royalty from Nebari, leaving the company with no material third-party debt. Appian also retains participation and first-offer rights on future financings related to the project for the next three years. NexGold may repurchase a portion of the royalty for US$29 million within three years, or US$30.5 million within four years. The financing is intended to support project development and advance the Goldboro Project towards construction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexgold Mining Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9536906-en) on September 29, 2025, and is solely responsible for the information contained therein.
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