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NexGen Mining, Inc., a junior mining company, is focused on the exploration, mining, and production of precious metals including gold, silver, copper, lead, zinc, and other base metals. The company holds interests in various properties across Nevada such as Old Dominion Mine, Koegel Hills, Four Mile Basin Gold Property, Gold Star Property, Pyramid Mine, and Paradise Peak Mine. Founded in 1888 and headquartered in Reno, Nevada, NexGen Mining, Inc. is committed to developing its mining assets and contributing to the precious metals industry.
NexGen Mining Incorporated (OTCPK:NXGM) has announced significant changes in its leadership team. Marc J. Andrews has resigned from his positions as President, CEO, and Director of the company. Simultaneously, Kim Neal has stepped down from her roles as VP Finance and Secretary. Both resignations are effective October 14, 2024.
This sudden departure of key executives could potentially impact the company's operations and strategic direction. The press release does not provide information about replacements or the reasons behind these resignations, leaving room for speculation about the company's future leadership structure.
NexGen Mining Incorporated (OTCPK:NXGM) has extended its non-binding letter of intent to acquire Electrum Copper Corp. The acquisition is for shares of the Company's common stock, with the parties aiming to finalize definitive agreements by December 31, 2024. The transaction structure and closing timing will adhere to legal regulations, with the acquisition subject to due diligence and negotiation.
NexGen Mining Incorporated (OTCPK:NXGM) announced on September 29, 2022, the extension of a non-binding letter of intent to acquire Electrum Copper Corp. This transaction involves shares of NXGM’s common stock and pertains to Electrum's Candela and Don Indio Projects in Mexico. The parties aim to finalize agreements by June 30, 2023. Additionally, on December 7, 2022, Electrum provided a $100,000 loan to NXGM at a 6% interest rate to support transaction-related expenses. The acquisition is subject to due diligence and definitive agreements, with future outcomes hinging on corporate and regulatory considerations.
NexGen Mining Incorporated (OTCPK:NXGM) announced an extension to its non-binding letter of intent to acquire Electrum Copper Corp. for shares of common stock. Electrum holds the Candela and Don Indio Projects in Mexico. The parties aim to finalize definitive agreements by September 30, 2022. Additionally, Electrum has provided NXGM with an unsecured loan of $100,000 at a 6% annual interest rate, maturing either six months post-termination of the transaction or two years from the promissory note's issue. The transaction is contingent upon due diligence and the negotiation of definitive terms.
NexGen Mining Incorporated (OTCPK:NXGM) has signed an extension to its non-binding letter of intent to acquire Electrum Copper Corp., an exploration and development company, for shares of NXGM. Electrum is known for the Candela and Don Indio Projects in Mexico. The parties aim to finalize definitive agreements by April 30, 2022. The transaction’s structure and timing will comply with relevant corporate, securities, and tax regulations. The letter remains non-binding and subject to due diligence and negotiation of terms.
NexGen Mining Incorporated (OTCPK:NXGM) has signed a non-binding letter of intent to acquire Electrum Copper Corp., focusing on its Candela and Don Indio Projects in Mexico. The Don Indio Project, with significant copper-silver mineralization, covers 17,372 hectares, while the Candela Project hosts a copper-gold-molybdenum-rich breccia pipe. As part of the transaction, NXGM plans to change its stock listing to OTCQX and execute a one-for-four reverse stock split. These moves aim to enhance corporate governance and project viability, awaiting further due diligence.
NexGen Mining Incorporated (OTCPK:NXGM) has initiated a $500,000 non-brokered private placement at $0.05 per share as of July 9, 2021. The first tranche of $400,000 has been successfully closed, equating to 8,000,000 shares. The company plans to utilize the funds for working capital and general corporate purposes. The securities are not registered under the Securities Act of 1933 and cannot be sold in the U.S. without registration or an exemption.
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