New Found Gold is pleased to announce that it has closed the second and final tranche of its previously announced "bought deal" public offering of 24,610,000 charity flow-through common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act at a price of C$2.29 per Charity Flow-Through Common Share, including the exercise, in full, of the Underwriters' over-allotment option of 3,210,000 [...]
New Found Gold is pleased to announce that it has closed the first tranche of its previously announced "bought deal" public offering of 21,400,000 charity flow-through common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act at a price of C$2.29 per Charity Flow-Through Common Share, and 4,370,000 common shares at a price of C$1.63 per Common Share, for aggregate gross proceeds of [...]
New Found Gold is pleased to announce that due to strong demand, it has increased the size of its previously announced bought deal financing to C$56 million via the addition of a new hard dollar tranche of 4,370,000 common shares at a price of C$1.63 per Common Share for gross proceeds of approximately C$7 million. The previously announced charity flow-through common share tranche of 21,400,000 Charity Flow-Through Common [...]
New Found Gold has announced today that it has entered into an agreement with BMO Capital Markets and SCP Resource Finance LP, on behalf of themselves and a syndicate of underwriters led by BMO Capital Markets and SCP Resource Finance LP, under which the Underwriters have agreed to buy, on a bought deal basis, 21,400,000 charity flow-through common shares of the Company at a price of C$2.29 per Charity Flow-Through Common [...]
New Found Gold is pleased to announce new drill results from the Company's 100%-owned Queensway Gold Project. Highlights include: Dropkick zone west of the Appleton Fault Zone : 42.8 g/t Au over 14.95 m 1 47.6 g/t Au over 3.95 m 22.9 g/t Au over 2.40 m Dropkick mineralization has now been intersected over a 580 m strike extent Open in all directions Dropkick east of the AFZ: 5.30 g/t Au over 15.20 m A newly identified [...]
New Found Gold is pleased to announce the Company will be participating in several conferences over the next month, including the 4th annual Canaccord Genuity Global Metals and Mining Conference. Canaccord Genuity Conference Keith Boyle, CEO, and Fiona Childe, VP Communications and Corporate Development, will be attending the prestigious Canaccord Genuity Conference in Henderson, NV, from May 20 to 22, 2025, to [...]
New Found Gold is pleased to announce the start of the 2025 work program on the Company's 100%-owned Queensway Gold Project. Infill drilling is underway at the Keats West and Lotto zones with four diamond drill rigs. Two additional drills will be mobilized in June 2025 to allow for both infill and exploration drilling. Exploration drilling will focus on high-priority exploration targets, including the Dome and Dropkick [...]
New Found Gold is pleased to announce new drill results from the Company's 100%-owned Queensway Gold Project. Highlights include: 38.7 g/t Au over 6.55 m1, including 98.9 g/t Au over 2.10 m from the Dome Zone 10.3 g/t Au over 8.20 m, including 37.7 g/t Au over 2.00 m from the Keats South Deep Zone , and 6.16 g/t Au over 3.10 m, including 18.4 g/t Au over 0.50 m from the Keats-Appleton Fault Zone Deep Zone Melissa Render [...]
New Found Gold is pleased provide an overview of, and plans for, the Queensway Gold Project and has filed the technical report for the initial mineral resource estimate for the Project. Queensway Highlights: Tier 1 Jurisdiction: Mining-positive government, access to highway, port, airport, low-cost green power and skilled local workforce Initial Mineral Resource Estimate: 70% of the initial MRE ounces are in the indicated [...]
New Found Gold is pleased to announce the sale of non-convertible senior secured notes of Maritime Resources held by the Company for gross proceeds of US$2,000,000. Keith Boyle, CEO of New Found Gold, commented "We have recently announced the completion of a robust initial mineral resource estimate on our 100% owned Queensway Gold Project. A fully funded preliminary economic assessment is underway, with completion [...]
Highlights: Indicated Mineral Resource: 18.0 million tonnes grading 2.40 g/t Au1, for 1.39 million oz. Inferred Mineral Resource: 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz. Quality of Asset: High grade veins starting at surface with minimal overburden cover provides for quick, easy access and potential for selective mining opportunities. High-grade core: 73% of the ounces are contained in 24% of the tonnage in the [...]
New Found Gold announces that it has filed its annual financial statements for the year ended Dec 31, 2024, the related Management's Discussion and Analysis, and its Annual Information Form for the year ended December 31, 2024, with Canadian securities regulators and with the U.S. Securities Exchange Commission on Form 40-F, which includes the 2024 Annual Documents as appendices. The 2024 Annual Documents are available [...]
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