# Two Metals, One Junior: NevGold Delivers 99% Gold Recovery, 1.11% Antimony Intercepts, and a C$42.2M Upsized Financing in Three Weeks *2026-04-23T12:35:00-04:00* Two Metals, One Junior: NevGold Delivers 99% Gold Recovery, 1.11% Antimony Intercepts, and a C$42.2M Upsized Financing in Three Weeks ## Issued on behalf of NevGold Corp. _NevGold Corp. (TSX-V: NAU | OTCQX: NAUFF | FRA: 5E50) advances a dual-metal production thesis at Limousine Butte (Nevada) and Nutmeg Mountain (Idaho) — pairing a U.S. Critical Mineral (antimony) and a safe-haven commodity at multi-year highs (gold) — with a maiden antimony-gold Mineral Resource Estimate targeted for Q2 2026 and near-term production targeted for 2027._ **Companies mentioned in this article:** NevGold Corp. (TSX-V: NAU | OTCQX: NAUFF | FRA: 5E50), Orla Mining Ltd. (NYSE American: ORLA), Integra Resources Corp. (NYSE American: ITRG), Military Metals Corp. (OTCQB: MILIF), Critical Metals Corp. (NASDAQ: CRML) **Key Takeaways:** - NevGold upsized its brokered private placement to C$42,225,497 on April 20, 2026 (22,223,946 shares at C$1.90), led by Clarus Securities as sole agent and bookrunner, expected to close on or about May 12, 2026. - April 9, 2026 drill intercepts at Limousine Butte included 1.93 g/t gold equivalent over 100.6 meters from surface (1.07 g/t Au + 0.22% Sb) at Resurrection Ridge, incorporating 1.11% antimony over 6.1 meters. - April 2, 2026 Phase II metallurgical testwork on the historical gold leach pad material showed up to 99% gold recovery on residual tailings after antimony extraction, with average gold recoveries above 93%. - April 14, 2026 sonic drill results on the historic leach pads showed consistent antimony-gold grades exceeding Phase I test pit sampling; maiden antimony-gold Mineral Resource Estimate targeted Q2 2026; production targeted 2027 from reprocessing existing material with no new mining required. - September 2025 Nutmeg Mountain NI 43-101 MRE: 1,186,000 oz Indicated at 0.50 g/t Au + 548,000 oz Inferred at 0.34 g/t Au at a 0.20 g/t cutoff, with mineralization starting at surface and a conceptual strip ratio of less than 1:1. NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) -- [**_Equity Insider_**](https://www.globenewswire.com/Tracker?data=zgB25bMaa-eiTysCowZ153Bk8NTMNf7oEipv9xMFukz8Dj70J81vBamfsCCISogJGt2EfrZqCUrlbF7CB0brWQkhzgAO-DY0aZITbTyaspgfH0tRnp5_5_LsmPov16uA)**News Commentary — **Gold has spent 2026 establishing and then re-establishing record highs as investors reach for inflation hedges, geopolitical hedges, and dollar alternatives. Antimony — a U.S.-designated Critical Mineral — has quietly become one of the most strategically sensitive metals on the Department of War’s watchlist after China imposed export restrictions on the United States in late 2024. Most juniors give investors exposure to one commodity cycle. A small number give exposure to both. One of them has just stacked four news releases in six weeks that, together, lay out a credible near-term production pathway: a maiden Mineral Resource Estimate in the second quarter of 2026, drilling that continues to return surprises on both metals, metallurgical testwork that validates the processing economics, and a just-upsized financing that removes the treasury overhang through the next inflection. [**Watch The Video and Review The Data Written By Robert Ross • Chief Editor of the Let's Analyze Newsletter by clicking here**](https://www.globenewswire.com/Tracker?data=9uoOiGIWeqbu0Q3bWpY2a_2HFDkPlTrZgYd79fQ3fPc82dpZUCzU3KgYfQPjbw9tL3ZA5ySYcSeEieRu1Xh2yMxU-Ffv9_Y2N2s9rLZmlP2OLFlESKBP58wg3LIdLr-S4yDIlTWOU-LyS5sBASIJr-UTXZOaAwXeLhSvhpu-pwBjcSc0C1xtYYfsfCiRJMuAat5S7KUmKejCHDHlXnt33XLSJ8EMXhA7Zf9758Rr1Uq8cz9w2ov7T4KHin_BGleT5QN444RuxUOTL_f2WJpHEw==) **NevGold: A Dual-Metal Junior in Two of America’s Best Mining Jurisdictions** **NevGold Corp. (TSX-V: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50)**is a Vancouver-based exploration and development company with a portfolio of four 100%-owned projects concentrated in Nevada and Idaho. Limousine Butte (gold-antimony, Nevada) and Nutmeg Mountain (gold, Idaho) are the two flagships; Cedar Wash (gold, Nevada) and Zeus (copper, Idaho) round out the pipeline. On April 20, 2026, NevGold announced that its previously announced C$25 million brokered private placement had been **upsized to C$42,225,497**on strong demand. [1] The upsized offering consists of 22,223,946 shares at C$1.90, led by Clarus Securities Inc. as sole agent and bookrunner, expected to close on or about May 12, 2026. Use of proceeds: advancing Limousine Butte and Nutmeg Mountain, working capital, and general corporate purposes. [1] For context, an upsized brokered deal at a price that holds in the current market environment for a junior explorer is a non-trivial signal about institutional appetite. **The Antimony Half of the Story: Limousine Butte** The April 9, 2026, drill disclosure was arguably the headline of the quarter. At Resurrection Ridge, NevGold intersected **1.93