01:14 PM EST, 11/19/2025 (MT Newswires) -- NevGold ( NAUFF ) on Wednesday said it raised $10 million in a private placement of share units.

The company issued 15.4-million units priced at $0.65 each and made up of a share and one-half of a two-year warrant to buy a share for for $0.90.

Proceeds will be used for advancing its Limousine Butte gold-antimony project, Nutmeg Mountain gold project, Zeus copper project and for working capital and general corporate needs.

"We remain focused on progressing the emerging gold-antimony Limousine Butte Project in Nevada after the significant high-grade antimony discovery made at the Bullet Zone released on October 16, 2025," said Chief Executive Brandon Bonifacio. "We strongly believe that we have one of the most advanced gold-antimony assets in the United States, and the timing is optimal as there is a clear commitment from the government to advance high-quality, domestic, critical mineral projects."

Shares of the company were last seen up $0.02 to $0.68 on the TSX Venture Exchange.

Price: 0.68, Change: +0.02, Percent Change: +3.03