Newsfile·2025-11-28 11:58Core Insights - New Found Gold Corp. has engaged Cutfield Freeman & Co. Ltd. as its project finance advisor to assist in financing strategies for the Queensway Gold Project [1][2] - The company is targeting a $155 million initial capital expenditure for Phase 1 production, expected to commence in the second half of 2027 [3][10] Company Overview - New Found Gold is an emerging Canadian gold producer with a 100% interest in the Queensway project and additional operations including Hammerdown, Pine Cove, and Nugget Pond [4][6] - The company aims to advance the Queensway project towards production while stabilizing the Hammerdown operation [4][6] Project Development - The Queensway Gold Project has shown promising results from recent drilling, indicating significant district-scale potential along a 110 km strike extent [5] - A Preliminary Economic Assessment (PEA) was completed in July 2025, further supporting the project's viability [5] Management and Strategy - The company has a new board of directors and management team, with a focus on growth and value creation [6] - CEO Keith Boyle emphasized the importance of selecting optimal financing packages for the development and construction of mining projects [3][6]