NevGold Secures $42M Financing as U.S. Antimony Supply Chain Rebuild Accelerates
Event summary
- NevGold Corp. upsized its private placement to C$42.2M, closing expected May 12, 2026.
- Drill intercepts at Limousine Butte revealed up to 1.11% antimony over 6.1 meters.
- Phase II metallurgical tests achieved up to 99% gold recovery from historical leach pads.
- Maiden antimony-gold Mineral Resource Estimate targeted for Q2 2026.
The big picture
The U.S. is scrambling to rebuild its antimony supply chain after China's export restrictions, with federal capital flowing into advanced-stage projects. NevGold's Limousine Butte project stands out due to its brownfield leach pads and sequential recovery process, offering a faster path to production compared to greenfield mining efforts. The company's recent financing and drill results position it as a key player in this strategic mineral sector.
What we're watching
- Production Timelines
- Whether NevGold can achieve near-term antimony production by 2027 from reprocessing historical leach pads.
- Resource Estimation
- The impact of the maiden antimony-gold Mineral Resource Estimate on Q2 2026 investor sentiment.
- Competitive Positioning
- How NevGold's brownfield approach differentiates it from peers in the U.S. antimony supply chain rebuild.
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