On July 9, 2025, NexGold Mining Corp. announced its election to issue 1,317,385 common shares to Sprott Resources Streaming and Royalty Corp. This share issuance is in satisfaction of an upcoming minimum payment of US$675,000 due under a royalty agreement.
The royalty agreement, originally announced on February 14, 2022, and amended on May 1, 2024, requires NexGold to make quarterly minimum payments of US$675,000, with the option to pay in cash or common shares. NexGold expects to issue these shares to Sprott on or about July 11, 2025.
This transaction highlights the ongoing revenue streams and flexible payment mechanisms within Sprott's private strategies segment. Receiving shares instead of cash can be a strategic long-term investment in the underlying company for Sprott's affiliate.
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