NevGold's Strategic Breakthrough in Critical Minerals Sector
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: Globenewswire
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand for its projects, with completion expected around May 12, 2026.
- High-Grade Antimony Intercept: Drill results from Resurrection Ridge in Nevada revealed 1.93 g/t gold equivalent over 100.6 meters, including 1.11% antimony, indicating NevGold's project has high-grade potential in North America, aligning with U.S. defense needs.
- Innovative Metal Recovery: Phase II metallurgical tests showed gold recovery rates up to 99% after antimony extraction, with antimony extraction rates ranging from 54% to 92%, demonstrating the efficiency and economic viability of its process to recover both metals simultaneously.
- Strategic Importance: With U.S. demand for antimony at 30,000 to 40,000 tonnes annually and domestic production below 1,000 tonnes, NevGold's project provides a critical supply of antimony metal for the U.S. defense industry, highlighting its strategic significance.
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Analyst Views on MUX
Wall Street analysts forecast MUX stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 24.850
Low
21.00
Averages
22.00
High
23.50
Current: 24.850
Low
21.00
Averages
22.00
High
23.50
About MUX
McEwen Inc. is a gold and silver mining production and exploration company. It is involved in a copper development project. Its operations sites include San Jose Mine, Fox Complex, Gold Bar mine, El Gallo Complex, Project Fenix, and Los Azules. The San Jose mine is in the northwest corner of the Deseado Massif region, over 20 kilometers north of Newmont's Cerro Negro mine. The Fox Complex is in the Timmins Gold Mining Camp in Northern Ontario, Canada. The Gold Bar Mine is in the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The El Gallo Complex is in Mexico’s Sinaloa State, along the foothills of the Sierra Madres Occidental mountain range. Fox West properties are in the heart of Timmins Gold Camp in northern Ontario, Canada. It holds an interest in Tartan Lake Gold Mine Project, which is in the province of Manitoba, Canada. It also holds Jewel Ridge and Jewel Ridge West projects and Lookout Mountain discoveries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NevGold's Strategic Breakthrough in Critical Minerals Sector
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand for its projects, with completion expected around May 12, 2026.
- High-Grade Antimony Intercept: Drill results from Resurrection Ridge in Nevada revealed 1.93 g/t gold equivalent over 100.6 meters, including 1.11% antimony, indicating NevGold's project has high-grade potential in North America, aligning with U.S. defense needs.
- Innovative Metal Recovery: Phase II metallurgical tests showed gold recovery rates up to 99% after antimony extraction, with antimony extraction rates ranging from 54% to 92%, demonstrating the efficiency and economic viability of its process to recover both metals simultaneously.
- Strategic Importance: With U.S. demand for antimony at 30,000 to 40,000 tonnes annually and domestic production below 1,000 tonnes, NevGold's project provides a critical supply of antimony metal for the U.S. defense industry, highlighting its strategic significance.
See More
NevGold's Strategic Breakthrough in Critical Minerals Sector
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand and institutional investor confidence.
- High-Grade Intercepts: Drill results from Resurrection Ridge in Nevada revealed a gold equivalent of 1.93 g/t, including 1.11% antimony over 100.6 meters, significantly enhancing NevGold's strategic position in the U.S. critical minerals market.
- Innovative Recovery Rates: Phase II metallurgical tests showed antimony extraction rates between 54% and 92%, with gold recoveries reaching 99%, establishing a highly efficient extraction process that will support the company's future metal production.
- Resource Assessment Catalyst: NevGold plans to release its first NI 43-101 Mineral Resource Estimate in Q2 2026, marking the first quantification of its antimony-gold resource under modern standards, which is expected to attract increased investor interest.
See More
Goliath Resources Appoints New Advisor to Enhance Expertise
- Advisor Appointment: Goliath Resources has appointed Alan Edwards to its advisory board, significantly enhancing the company's technical and operational capabilities with his 40 years of global mining experience, aiding in the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program: The company is set to launch a fully funded approximately 50,000-meter drilling program in 2026, aimed at expanding the Golddigger Project both laterally and at depth, which is expected to drive further resource assessment and development.
- Equity Incentives: Alan has been granted 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), incentivizing him to contribute more value to the company over the next three years.
- Strategic Investment: This appointment aligns with Goliath's strategic goals, as Alan's extensive experience and successful track record are anticipated to propel the development of the Surebet Gold Discovery, thereby enhancing shareholder value.
See More
Goliath Resources Appoints New Advisory Board Member
- Strategic Appointment: Goliath Resources Limited has appointed Alan Edwards to its advisory board, whose 40 years of global mining experience is expected to significantly enhance the company's technical and operational capabilities, aiding the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program Launch: The company plans a fully funded ~50,000-meter drilling program in 2026 aimed at expanding its 100% owned Golddigger Project, which is anticipated to lay the groundwork for future mineral resource growth.
- Equity Incentive Plan: The company has granted Alan 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), which will strengthen his commitment and incentive for the company's long-term development.
- Positive Market Outlook: Goliath Resources completed its largest drilling campaign of 64,364 meters in 2025 and is expected to maintain a similar scale of drilling in 2026, demonstrating the company's strong growth potential in the Golden Triangle region.
See More
Rio Tinto Evaluates Economic Potential of Los Azules Copper Project
- Economic Potential Assessment: Rio Tinto is evaluating the economic potential of McEwen Copper's Los Azules project, one of the world's ten largest undeveloped copper projects, considering increasing its 17.2% stake, which could enhance its strategic position in the copper market.
- Deepening Technical Collaboration: Rio Tinto holds its stake in Los Azules through its Nuton copper technology venture, with its technical team testing Nuton's proprietary leaching technology on-site, which not only aids in assessing the project's economic viability but may also improve copper production efficiency.
- Feasibility Study Results: The feasibility study released in October 2025 estimates an after-tax net present value of $2.9 billion for the Los Azules project, targeting first production by 2030, with an average production forecast of 204,800 metric tons per year of copper cathode over the first five years, indicating strong long-term profitability potential.
- Ongoing Strategic Dialogue: McEwen Copper's managing director Michael Meding stated that Rio Tinto is having fruitful discussions with Nuton, as the construction of Rio's copper pipeline provides a favorable opportunity for collaboration, further solidifying its competitive edge in the copper market.
See More
McEwen Inc. Reports Q1 2026 Earnings with Significant Turnaround
- Significant Profit Turnaround: McEwen Inc. reported a net income of $33.4 million for Q1 2026, translating to $0.56 per share, a stark contrast to the $6.3 million net loss and $0.12 loss per share from the previous year, indicating improved operational performance and rising gold and silver prices.
- Production Outlook: The company aims to scale production to 250,000 to 300,000 gold equivalent ounces by 2030, with CEO McEwen emphasizing an internally funded multi-asset growth strategy that is expected to nearly double production while minimizing dilution risks over the coming years.
- Cash Flow and Dividends: CFO Ing highlighted a cash balance of $57 million at the end of Q1, up from $51 million at the beginning of the year, and projected an additional $30 million to $40 million in dividends from Minera Santa Cruz throughout the year, enhancing the company's liquidity and financial stability.
- Los Azules Project Financing: Management plans to reach a final investment decision by the end of 2026, with total financing costs estimated at approximately $4 billion, targeting a capital structure of 40% equity and 60% debt, while actively advancing the IPO process despite uncertainties surrounding project financing and approvals.
See More
NevGold's Strategic Breakthrough in Critical Minerals Sector
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand for its projects, with completion expected around May 12, 2026.
- High-Grade Antimony Intercept: Drill results from Resurrection Ridge in Nevada revealed 1.93 g/t gold equivalent over 100.6 meters, including 1.11% antimony, indicating NevGold's project has high-grade potential in North America, aligning with U.S. defense needs.
- Innovative Metal Recovery: Phase II metallurgical tests showed gold recovery rates up to 99% after antimony extraction, with antimony extraction rates ranging from 54% to 92%, demonstrating the efficiency and economic viability of its process to recover both metals simultaneously.
- Strategic Importance: With U.S. demand for antimony at 30,000 to 40,000 tonnes annually and domestic production below 1,000 tonnes, NevGold's project provides a critical supply of antimony metal for the U.S. defense industry, highlighting its strategic significance.
See More
NevGold's Strategic Breakthrough in Critical Minerals Sector
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand and institutional investor confidence.
- High-Grade Intercepts: Drill results from Resurrection Ridge in Nevada revealed a gold equivalent of 1.93 g/t, including 1.11% antimony over 100.6 meters, significantly enhancing NevGold's strategic position in the U.S. critical minerals market.
- Innovative Recovery Rates: Phase II metallurgical tests showed antimony extraction rates between 54% and 92%, with gold recoveries reaching 99%, establishing a highly efficient extraction process that will support the company's future metal production.
- Resource Assessment Catalyst: NevGold plans to release its first NI 43-101 Mineral Resource Estimate in Q2 2026, marking the first quantification of its antimony-gold resource under modern standards, which is expected to attract increased investor interest.
See More
Goliath Resources Appoints New Advisor to Enhance Expertise
- Advisor Appointment: Goliath Resources has appointed Alan Edwards to its advisory board, significantly enhancing the company's technical and operational capabilities with his 40 years of global mining experience, aiding in the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program: The company is set to launch a fully funded approximately 50,000-meter drilling program in 2026, aimed at expanding the Golddigger Project both laterally and at depth, which is expected to drive further resource assessment and development.
- Equity Incentives: Alan has been granted 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), incentivizing him to contribute more value to the company over the next three years.
- Strategic Investment: This appointment aligns with Goliath's strategic goals, as Alan's extensive experience and successful track record are anticipated to propel the development of the Surebet Gold Discovery, thereby enhancing shareholder value.
See More
Goliath Resources Appoints New Advisory Board Member
- Strategic Appointment: Goliath Resources Limited has appointed Alan Edwards to its advisory board, whose 40 years of global mining experience is expected to significantly enhance the company's technical and operational capabilities, aiding the advancement of the high-grade Surebet Gold Discovery.
- Drilling Program Launch: The company plans a fully funded ~50,000-meter drilling program in 2026 aimed at expanding its 100% owned Golddigger Project, which is anticipated to lay the groundwork for future mineral resource growth.
- Equity Incentive Plan: The company has granted Alan 250,000 stock options priced at $1.79 per share, along with 210,000 restricted share units (RSUs), which will strengthen his commitment and incentive for the company's long-term development.
- Positive Market Outlook: Goliath Resources completed its largest drilling campaign of 64,364 meters in 2025 and is expected to maintain a similar scale of drilling in 2026, demonstrating the company's strong growth potential in the Golden Triangle region.
See More
Rio Tinto Evaluates Economic Potential of Los Azules Copper Project
- Economic Potential Assessment: Rio Tinto is evaluating the economic potential of McEwen Copper's Los Azules project, one of the world's ten largest undeveloped copper projects, considering increasing its 17.2% stake, which could enhance its strategic position in the copper market.
- Deepening Technical Collaboration: Rio Tinto holds its stake in Los Azules through its Nuton copper technology venture, with its technical team testing Nuton's proprietary leaching technology on-site, which not only aids in assessing the project's economic viability but may also improve copper production efficiency.
- Feasibility Study Results: The feasibility study released in October 2025 estimates an after-tax net present value of $2.9 billion for the Los Azules project, targeting first production by 2030, with an average production forecast of 204,800 metric tons per year of copper cathode over the first five years, indicating strong long-term profitability potential.
- Ongoing Strategic Dialogue: McEwen Copper's managing director Michael Meding stated that Rio Tinto is having fruitful discussions with Nuton, as the construction of Rio's copper pipeline provides a favorable opportunity for collaboration, further solidifying its competitive edge in the copper market.
See More
McEwen Inc. Reports Q1 2026 Earnings with Significant Turnaround
- Significant Profit Turnaround: McEwen Inc. reported a net income of $33.4 million for Q1 2026, translating to $0.56 per share, a stark contrast to the $6.3 million net loss and $0.12 loss per share from the previous year, indicating improved operational performance and rising gold and silver prices.
- Production Outlook: The company aims to scale production to 250,000 to 300,000 gold equivalent ounces by 2030, with CEO McEwen emphasizing an internally funded multi-asset growth strategy that is expected to nearly double production while minimizing dilution risks over the coming years.
- Cash Flow and Dividends: CFO Ing highlighted a cash balance of $57 million at the end of Q1, up from $51 million at the beginning of the year, and projected an additional $30 million to $40 million in dividends from Minera Santa Cruz throughout the year, enhancing the company's liquidity and financial stability.
- Los Azules Project Financing: Management plans to reach a final investment decision by the end of 2026, with total financing costs estimated at approximately $4 billion, targeting a capital structure of 40% equity and 60% debt, while actively advancing the IPO process despite uncertainties surrounding project financing and approvals.
See More
