The Q3 documents are available under the company profile on SEDAR+ at www.sedarplus.ca and the Form 40-F is available under the SEC’s EDGAR system (www.sec.gov). New Found Gold’s financial disclosure documents are also available on the company’s website at www.newfoundgold.ca.
The Company has granted incentive stock options to certain officers and employees of New Found Gold to acquire an aggregate of 66,944 shares of common stock in the capital of the Company at an exercise price of $2.70 (the “Options”) in accordance with the Company’s 10% rolling stock option plan. The Options are exercisable for a term of 5 years ending on November 6, 2030 and are subject to vesting provisions.
The Company also granted 41,348 restricted stock units to certain officers of the Company in accordance with the Company’s “5% rolling” stock plan, with 1/3 vesting one year after the grant date, and 1/3 vesting each year thereafter until fully vested.
About New Found Gold Corp.
New Found Gold is a well-funded, late-stage exploration company that holds a 100% interest in the Queensway Gold Project (“Koninginneweg“or the”Project“), based in Newfoundland and Labrador, Canada, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce.
The company has completed a PEA in Queensway (see New Found Gold press release dated July 21, 2025). Recent drilling continues to yield new discoveries along the strike and downdip of known gold zones, indicating the district-scale potential of the project covering a strike area of +110 km along two prospective fault zones.
On September 5, 2025, the Company announced that it had entered into a definitive agreement (the “Regulation“) with Maritime Resources Corp. (“Maritime“) to acquire all outstanding and issued shares that it does not already own and announced the overwhelming approval of the arrangement at Maritime’s annual general and special meeting on November 5, 2025 (see press releases dated September 5, 2025 And November 5, 2025).
On September 8, 2025, the company announced that it had entered into a real estate purchase agreement with Exploits Discovery Corp. which would provide New Found Gold with a 100% interest in certain mineral claims in Newfoundland and Labrador owned by Exploits (the “Claims”) (see press release dated September 8, 2025). The claims are adjacent to Queensway and would increase the size of Queensway by up to 33%, to a total of 234,050 hectares.
New Found Gold has a new management team, a strong treasury, a solid shareholder base including cornerstone investor Eric Sprott, and is focused on growth and value creation.
Keith Boyle, P.Eng.
General manager
Newly found gold company
Qualified person
The scientific and technical information disclosed in this press release has been reviewed and approved by Melissa Render, P. Geo., President, and a Qualified Person as defined under National Instrument 43-101. Ms. Render agrees to the publication of this press release by New Found Gold. Ms. Render certifies that this press release is a fair and accurate representation of the scientific and technical information underlying this press release.
Contact
For more information about New Found Gold, please visit the company’s website at www.newfoundgold.ca, contact us via our investor inquiry form at https://newfoundgold.ca/contact-us/ or contact:
Follow us on social media at:
https://www.linkedin.com/company/newfound-gold-corp
https://x.com/newfoundgold
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of Canadian securities laws, including the transactions with Maritime and Exploits Discovery Corp. (the “Transactions“) and the merits and benefits of such Transactions; focus on growth and value creation; and the earnings of Queensway. Although the Company believes such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “interpreted”, “intends”, “estimates”, “projects”, “objectives”, “suggests”, “indicates”, “often”, “target”, “future”, “likely”, “pending”, “potential”, “encouraging”, “goal”, “objective”, “prospective”, “possible”, “preliminary” and similar expressions, or that events or circumstances are “will”, “might”, “may”, “might”, “could” or “should” or are statements that by their nature refer to future events are based on the beliefs, estimates and opinions of the Company’s management as of the date the statements are made and involve a number of risks and uncertainties. Accordingly, there can be no assurance that such statements will prove to be accurate or actual and that future events may differ materially from those anticipated in such statements. Except as required by applicable securities laws and policies of the TSXV, the Company assumes no obligation to update these forward-looking statements if management’s beliefs and estimates are present that could cause future results to differ materially from those anticipated in these forward-looking statements include risks relating to the Company’s ability to complete exploration and drilling programs as anticipated, potential accidents and other risks associated with mineral exploration, the risk that the Company may encounter unexpected geological factors, risks relating to the interpretation of exploration results and the results of the metallurgical testing program, the possibility that the Company may not is able to obtain permits and other governmental authorizations necessary to carry out the work, the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to execute its business plans, the risks associated with obtaining the required approvals for the Transactions and satisfying the other conditions for the Transactions, and the risk of political uncertainties and regulatory or legislative changes that could disrupt the Company’s operations and prospects Consult the Company’s Annual Information Form and Management’s Discussion and Analysis, which is publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273586
#Newly #gold #files #financial #statements #quarter #Grants #stock #options #restricted #stock #units