11:57 AM EST, 11/06/2025 (MT Newswires) -- NevGold ( NAUFF ) on Thursday said it is looking to raise $10 million from a best efforts private placement of share units.

The company said it will offer an unspecified number of units in the financing, with each priced at $0.65 and made up of a share and one half of a two-year warrant to buy a share for $0.90.

The company plans to use proceeds to advance its Limousine Butte gold-antimony project in Nevada, and the Nutmeg Mountain and Zeus copper project in Idaho, as well as for working capital and general corporate purposes.

The closing of the offering is expected to occur on or about Nov. 27, 2025 and is subject to certain conditions.

The company's shares were last seen down $0.03 to $0.67 on the TSX Venture Exchange.

Price: 0.67, Change: -0.03, Percent Change: -4.29