Morgan Lekstrom, President of NexGold Mining (TSXV: NEXG; OTCQX: NXGCF) joins us to provide more information on the merger with Signal Gold (TSX:SGNL)(OTCQB:SGNLF).
The merger is set to create one of Canada’s most advanced near-term gold developers. NexGold, holding the Goliath Gold Complex in Ontario, and Signal Gold, with the Goldboro Gold Project in Nova Scotia, aim to become mid-tier producers. Morgan discusses the strategic reasons behind this merger and the $17 million private placement that will help advance the assets. Key topics include the permitting progress, resource expansion through ongoing drilling, updating a feasibility study, and the vision to produce between 200,000 and 500,000 ounces of gold annually. We also touch on long-term plans, potential future mergers, and catalysts driving the company’s share price.
If you have any follow up questions for Morgan please email us at Fleck@kereport.com or Shad@kereport.com.