NexGold Welcomes New VP and Announces Royalty Payments
Management Changes at NexGold Mining Corp.
NexGold Mining Corp. is excited to announce an important new addition to its management team. Brian Jackson has been appointed as Vice President of Projects, starting October 14, 2025. Jackson brings over 35 years of rich experience in project management and engineering, particularly within the mining sector.
About Brian Jackson
Brian Jackson is recognized for his impressive track record as an EPCM (Engineering, Procurement, Construction Management) executive. He holds a Professional Engineer designation in Ontario and Nova Scotia. Throughout his career, Jackson has successfully led numerous projects across various domains, such as minerals processing and water treatment. His most recent position was as Vice President of Project Execution for North America at Ausenco, where he significantly contributed to various mining projects.
Previously, he has served as Project Director at significant firms including Signal Gold Inc. and Wood PLC, overseeing the execution phase of critical projects like IAMGOLD's Côté Lake Gold Project. His vast experience ensures a seamless transition into NexGold, where he will focus on advancing ongoing projects.
Transitioning Leadership
In addition to welcoming Mr. Jackson, the company announces that Clinton Swemmer has resigned from his position. He will assist in the transition process until October 31, 2025. Kevin Bullock, President and CEO of NexGold, expressed his gratitude towards Swemmer for his contributions and welcomed Jackson, emphasizing the latter's familiarity with the Goldboro Gold Project.
Sprott Royalty Payment Details
NexGold has also taken a significant step regarding its financial obligations under the royalty agreement with Sprott Resources Streaming and Royalty Corp. As per the latest amendments of this agreement, NexGold will issue 595,406 common shares at a price of $1.582 per share. This issuance is in lieu of the upcoming minimum payment of US$675,000 due under this agreement. The quarterly payments can be made either in cash or shares, at NexGold’s discretion.
Implications of the Royalty Agreement
The issuance of shares in fulfillment of the minimum cash payment demonstrates NexGold’s strategy to manage financial resources efficiently, ensuring continuous project development without straining cash flow. Approval for this share issuance is pending from the TSX Venture Exchange.
About NexGold Mining Corp.
NexGold Mining Corp. is dedicated to gold exploration and development in Canada and Alaska. Key projects include the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario, which combines multiple deposits. Additionally, the company is engaged in various other projects, such as the Weebigee-Sandy Lake Gold Project joint venture and the grassroots Gold Rock exploration property.
Moreover, NexGold owns the high-grade Niblack copper-gold-zinc-silver VMS project near southeast Alaska's tidewater. The company emphasizes building strong relationships with regional communities and Indigenous Nations, focusing on creating sustainable economic opportunities and enhancing community well-being throughout its operations.
Frequently Asked Questions
What position has Brian Jackson been appointed to?
Brian Jackson has been appointed as Vice President of Projects at NexGold Mining Corp.
What experience does Brian Jackson bring to NexGold?
Jackson has over 35 years of experience in project management and engineering, having worked on numerous mining-related projects.
What is the nature of NexGold's royalty agreement with Sprott?
The royalty agreement allows NexGold to make minimum quarterly payments, either in cash or shares, to Sprott Resources Streaming and Royalty Corp.
How many shares will NexGold issue to Sprott?
NexGold will issue 595,406 common shares at a deemed price of $1.582 per share.
Where are NexGold's main projects located?
NexGold's primary projects include the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario.
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