Core Insights - NevGold Corp. announced a significant high-grade oxide gold-antimony discovery at the "Armory Fault" within the Bullet Zone of its Limousine Butte Project in Nevada, marking a transformational development in understanding the structural controls of mineralization [1][4] - The ongoing exploration program aims to advance both near-term antimony production from historical gold leach pads and the definition of an initial gold-antimony Mineral Resource Estimate (MRE) [1][3] Exploration and Drilling Results - The "Armory Fault" discovery has revealed high-grade oxide gold-antimony mineralization with notable drill results, including 8.51 g/t AuEq over 10.6 meters and 12.34 g/t AuEq over 3.0 meters in the LB25-017 Lower Zone [3][10] - All drillholes in the Bullet Zone have intercepted significant oxide gold-antimony mineralization, validating the new geological model and expanding the mineralization footprint [3][15] - The 2025-2026 drill program has completed 30 holes, with 12 additional holes pending results, focusing on testing the new high-grade discoveries and project-wide targets [3][6] Geological Model and Mineralization - The updated geological model indicates that the older dolomite unit was thrust over the prospective Pilot Shale unit, creating favorable conditions for mineralization [14][19] - The preserved Pilot Shale extends over one kilometer east of prior drilling, suggesting significant potential for further mineralization [15][17] - The discovery of the "Armory Fault" is expected to replicate across the project, with multiple high-priority targets emerging for future drilling [4][19] Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its strategic importance in military applications and technology, with a significant portion of global supply coming from China, Russia, and Tajikistan [20][21] - The U.S. Department of Defense has prioritized domestic production of antimony to mitigate supply chain disruptions, highlighting the relevance of projects like Limousine Butte [21][22]

Core Insights - NevGold Corp. announced positive drill results and a new oxide-gold discovery at its Limousine Butte Project in Nevada, focusing on expanding mineralization potential for an initial gold-antimony Mineral Resource Estimate [1][4]. Exploration and Drilling Results - The 2025-2026 drilling program has completed 30 holes, with significant results including high-grade oxide antimony of 5.89% Sb over 3.0 meters and gold equivalent grades of up to 23.01 g/t AuEq over 3.0 meters [3][6]. - New discoveries at Resurrection Ridge include a significant oxide gold discovery with 1.03 g/t AuEq over 21.3 meters, confirming the new geological model [3][14]. - The geological model indicates that the Pilot Shale, which hosts mineralization, extends more than one kilometer east of previous drilling, creating multiple high-priority targets for further exploration [12][18]. Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. Geological Survey due to its strategic importance in military applications and technology [22][23]. - The U.S. is prioritizing domestic production of antimony to mitigate supply chain disruptions, especially in light of China's restrictions on antimony exports [23][24]. Company Development Plans - The company is advancing metallurgical testwork and preparing for near-term antimony production, with ongoing drilling to test gold-antimony targets [3][4]. - The CEO emphasized the potential for project development and cash flow as the company aims to create a vertically integrated U.S. antimony supply chain [4][29].

Core Insights - NevGold Corp. announced positive antimony and gold sampling results from historical gold leach pads at its Limousine Butte Project in Nevada, indicating potential for near-term antimony production [1][5] - The historical leach pads contain an estimated 2.4 million to 3.0 million tonnes of previously mined material, with consistent antimony and gold grades [1][4] Antimony and Gold Sampling Results - Crushed leach pad has an estimated tonnage of 1.4 million to 1.7 million tonnes, with average grades of 0.27% Sb and 0.34 g/t Au [4] - Run of Mine (ROM) leach pad has an estimated tonnage of 1.0 million to 1.3 million tonnes, with average grades of 0.31% Sb and 0.18 g/t Au [4] - Certain areas of the leach pads show results of 0.74% Sb to 0.81% Sb, indicating strong mineralization potential [4][6] Metallurgical and Development Plans - Metallurgical testwork indicates that acid leaching can achieve antimony recoveries of up to 92%, with minimal impact on gold recovery [4][5] - The company plans to advance both the historical leach pad opportunity and a larger commercial gold-antimony mining operation, including drilling and preparing a Mineral Resource Estimate (MRE) [4][5] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" in the U.S., essential for national security and various technological applications [3][15] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, highlighting the importance of antimony and aiming to reduce reliance on foreign sources [12][14] Market Context - Approximately 90% of the world's antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [17] - The U.S. Department of Defense has designated antimony as a critical mineral, emphasizing the need for domestic production to mitigate supply chain disruptions [17]

Core Viewpoint - GoldMining Inc. announces a leadership change with Paulo Pereira resigning as President to become Country Manager for Brazil, while Alastair Still will take on the role of President effective January 1, 2026 [1][2]. Group 1: Leadership Changes - Paulo Pereira has transitioned from President to Country Manager, Brazil, allowing him to focus on the company's projects in Brazil [1][2]. - Alastair Still, currently the Chief Executive Officer, will also serve as President starting January 1, 2026 [1]. Group 2: Project Focus - The appointment of Paulo Pereira is aimed at enhancing focus on the São Jorge Project in Pará State, which has recently completed the largest exploration program in the company's history [2]. - The São Jorge Project is part of the company's broader strategy to unlock value from its portfolio in Brazil, particularly in the emerging Tapajós gold district [2]. Group 3: Company Overview - GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets across the Americas [3]. - The company controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the U.S.A., Brazil, Colombia, and Peru [3]. - GoldMining also holds approximately 21.5 million shares of Gold Royalty Corp., 9.9 million shares of U.S. GoldMining Inc., and 19.1 million shares of NevGold Corp. [3].

Core Insights - NevGold Corp. has staked an additional 90 claims at its Limousine Butte Project in Nevada, covering approximately 6 square kilometers or 1500 acres, which shows strong antimony-gold prospectivity [1][3] - The new claims have geological signatures similar to existing antimony-gold targets, indicating potential for significant mineralization [5] Company Updates - The exploration program at Limousine Butte includes the addition of new claims and ongoing drilling activities, with 30 drill holes completed and assays pending [3][5] - Surface rock chip samples from the new claims show promising results, with values up to 8.74 g/t Au and 0.67% Sb [3][5] - The company is advancing metallurgical testwork and has completed Phase 1 sampling of historical leach pads from the Golden Butte pit, which previously produced over 100,000 ounces of gold [3][5] Industry Context - Antimony is classified as a "Critical Mineral" in the U.S. due to its strategic importance in military applications and technology [13] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, identifying antimony as essential for national security [10][11] - Approximately 90% of the world's antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [14]

Core Viewpoint - Cavalry Capital Corp. has received conditional acceptance from the TSX Venture Exchange to proceed with its business combination with Advanced Energy Fuels, Inc., which will be classified as Cavalry's "Qualifying Transaction" [1][3]. Group 1: Transaction Details - The business combination is expected to close on or before December 31, 2025 [2]. - A filing statement dated December 12, 2025, has been submitted, which includes a technical report on the South Woodie Woodie Manganese Project in Western Australia [3]. - The summary financial information for Advanced Energy includes: - Interest income of $4,366 for the nine-month period ended September 30, 2025, compared to $1,559 for the year ended December 31, 2024 - Operating expenses of $350,266 for the nine-month period, up from $168,175 for the previous year - Net loss after tax of $345,900 for the nine-month period, compared to $155,966 for the year ended December 31, 2024 - Total assets of $1,256,932 as of September 30, 2025, compared to $540,394 at the end of 2024 - Shareholders' equity of $1,106,714 as of September 30, 2025, up from $423,409 at the end of 2024 [4]. Group 2: Corporate Changes - Following the completion of the Transaction, Cavalry will be renamed "AE Fuels Corporation" and will undergo a share capital consolidation at a ratio of 1.66 pre-Consolidation shares for each post-Consolidation share [4]. - The board of directors of the Resulting Issuer will consist of five members: Gary Lewis, Melissa Sanderson, Mitchell Smith, Derek Marshall, and Brandon Bonifacio [4]. Group 3: Management Team - Gary L. Lewis will serve as Chief Executive Officer and President, bringing over 30 years of experience in capital markets and resource projects valued over US$400 million [5]. - Jack Cartmel, as Chief Financial Officer, has over 20 years of experience in the mining industry and has held various senior financial roles [6]. - Melissa Sanderson, a director, has over 40 years of experience in geopolitics and ESG strategies, previously serving as a US diplomat [7]. - Mitchell Smith, another director, has over 15 years of experience in finance and capital markets, focusing on critical mineral supply chain security [8]. - Derek Marshall, a director, is an exploration geologist with nearly two decades of experience in mineral discovery and project development [9][10]. - Brandon Bonifacio has been the CEO of Cavalry since April 2021, with extensive experience in project development and mergers and acquisitions [11].

Core Insights - NevGold Corp. announced positive high-grade oxide antimony drill results from the newly discovered "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the gold-antimony mineralization footprint [1][3][4] Exploration and Drilling Results - The highest-grade antimony interval drilled to date was 5.51% Sb over 4.6 meters, with an associated gold equivalent of 21.49 g/t AuEq over the same interval [3][9] - The drilling program has confirmed the new geological model, with holes LB25-009 and LB25-002 intercepting gold-antimony mineralization below the older dolomite unit [3][13] - A total of 18 holes have been completed in the current 2025-2026 drill program, with assays pending [3][6] Historical Context and Geological Model - The Limousine Butte Project is a brownfield mine site with historical gold production, and the current exploration is focusing on the antimony potential in previously mined leach pads [3][4][8] - The updated geological model indicates that the older dolomite unit was thrust over the prospective Pilot Shale unit, preserving favorable mineralization at depth [12][17] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. government, essential for national security and various technological applications [26][27] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, highlighting the importance of antimony in the context of supply chain security [23][24][25] Future Plans and Objectives - The company plans to continue drilling the Bullet Zone to rapidly advance the Project towards an initial gold-antimony Mineral Resource Estimate [4][6] - The exploration efforts are aligned with the U.S. critical minerals strategy, aiming to support domestic production and reduce reliance on foreign sources [4][23]

Core Insights - NevGold Corp. announced positive high-grade oxide antimony drill results from the newly discovered "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the gold-antimony mineralization footprint at the Resurrection Ridge target [1][3][4] Company Developments - The highest-grade antimony interval drilled to date was reported at 5.51% Sb over 4.6 meters, with a gold equivalent of 21.49 g/t AuEq over the same interval [3][9] - The company has completed 18 drill holes in the current 2025-2026 drill program, with assays pending [3][4] - Phase 1 antimony-gold sampling of the historically mined leach pads from the Golden Butte pit has been completed, indicating strong antimony-gold potential [3][4][8] Geological Insights - The new geological model has been confirmed with drill holes LB25-009 and LB25-002, which intercepted gold-antimony mineralization below the older thrusted dolomite unit [3][14] - The updated model outlines multiple Au-Sb target corridors, indicating a significant expansion potential for mineralization at the Project [17][19] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its strategic importance in military applications and technology [27][28] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, identifying antimony as essential for national security [24][25][26] Market Context - Approximately 90% of the world's antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [28] - The U.S. Department of Defense has designated antimony as a "Critical Mineral," emphasizing the need for domestic production to mitigate supply chain disruptions [28]

Core Viewpoint - NevGold Corp. has successfully closed a brokered private placement financing, raising gross proceeds of $10 million to advance its mineral projects, particularly the Limousine Butte Project in Nevada, following a significant antimony discovery [1][2]. Financing Details - The financing involved the issuance of 15,384,614 Units at a price of $0.65 per Unit, each consisting of one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.90 until November 19, 2027, with a restriction on exercise until January 19, 2026 [1][2]. Use of Proceeds - The net proceeds from the offering will be allocated to advancing the Limousine Butte gold-antimony project, Nutmeg Mountain gold project, Zeus copper project, working capital, and general corporate purposes [2]. Agent and Compensation - Clarus Securities Inc. acted as the sole agent and bookrunner for the offering, receiving a cash commission of $700,000 and 1,076,922 non-transferable compensation options [3]. Regulatory Compliance - The offering was conducted under the listed issuer financing exemption and is not subject to a hold period under Canadian securities laws, although compensation options are subject to a hold period expiring on March 20, 2026 [4]. Company Overview - NevGold is focused on exploring and developing large-scale mineral systems in Nevada and Idaho, owning 100% interests in several projects including Limousine Butte and Nutmeg Mountain [7].

Core Points - NevGold Corp has entered into an agreement with Clarus Securities Inc. for a best efforts private placement of units at a price of $0.65 per unit, aiming for gross proceeds of up to $10 million [1][4] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months [2][3] - The net proceeds from the offering will be used for advancing various projects including the Limousine Butte gold-antimony project in Nevada and the Nutmeg Mountain gold project in Idaho [4] Offering Details - The offering will be conducted under an agency agreement, with the agent receiving a 7.0% cash commission and 7.0% non-transferable compensation options on the units sold [3] - The closing of the offering is anticipated around November 27, 2025, subject to necessary approvals [4] - The units will be offered to purchasers in Canada, excluding Quebec, under the Listed Issuer Financing Exemption, meaning the securities will not be subject to a hold period [5] Company Overview - NevGold is an exploration and development company focused on large-scale mineral systems in Nevada and Idaho [9][10] - The company owns a 100% interest in several projects, including Limousine Butte and Cedar Wash in Nevada, and Nutmeg Mountain and Zeus in Idaho [10]