# NEVADA KING ANNOUNCES $16 MILLION FINANCING INCLUDING A $10M STRATEGIC INVESTMENT BY CENTERRA GOLD INC. Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nevada-king-announces-16-million-financing-including-a-10m-strategic-investment--ee2384b5-69d1-4101-95f8-dac32bf71d93 Original source: https://money.tmx.com/en/quote/NKG/news/8256654894879138/nevada-king-announces-16-million-financing-including-a-10m-strategic-investment- Publisher: tmx Original announcement: 2026-03-24T10:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Nevada King Gold Corp. - Ticker: NKG - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Capital raise - Extracted: 2026-09-14 14:58:52 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Nevada King Gold Corp. has announced a fully subscribed C$16 million non-brokered private placement, which includes a C$10 million strategic investment from Centerra Gold Inc. The proceeds will be used to fund exploration at the Atlanta Gold Mine Project in Nevada and for general working capital. Reasoning: The financing is fully subscribed and includes a significant strategic investment from a major producer, providing strong validation and capital for exploration. - Positive factor: Strategic investment by reputable intermediate producer Centerra Gold - Positive factor: Fully subscribed C$16 million financing - Positive factor: Bolstered treasury to advance exploration at Atlanta Gold Mine Project Facts used in scoring: 2 ## Classification and evidence **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The technical information was reviewed and approved by a non-independent Qualified Person, Justin Daley, P.Geo. Evidence · text > reviewed and approved by Nevada King VP Exploration, Justin Daley, P.Geo., a non-independent Qualified Person **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The project hosts an NI 43-101 compliant oxide resource. Evidence · text > hosts an NI 43-101 compliant pit-constrained oxide resource ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nevada-king-announces-16-million-financing-including-a-10m-strategic-investment--ee2384b5-69d1-4101-95f8-dac32bf71d93#fact-resource-facts-0) Atlanta Gold Mine Project · gold #### Identity - Project: Atlanta Gold Mine Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: NKG #### Resource scope - Estimate type: resource - Effective date: 2024-09-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:fc62c77ae85771dc5326 - Deposit or zone: Atlanta Gold Mine Project - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 27700000 - Grade: 1.14 - Grade Unit: g/t - Contained Metal: 1020 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-09-06 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-24T00:00:00.000Z Reasoning: Indicated resource component of the Atlanta project. - Positive factor: NI 43-101 compliant Evidence · text > 1,020koz Au in the measured and indicated category \(27.7M tonnes at 1.14 g/t\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nevada-king-announces-16-million-financing-including-a-10m-strategic-investment--ee2384b5-69d1-4101-95f8-dac32bf71d93#fact-resource-facts-1) Atlanta Gold Mine Project · gold #### Identity - Project: Atlanta Gold Mine Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: NKG #### Resource scope - Estimate type: resource - Effective date: 2024-09-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:a497f4a13052ad0e4725 - Deposit or zone: Atlanta Gold Mine Project - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3600000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 99 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-09-06 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-24T00:00:00.000Z Reasoning: Inferred resource component of the Atlanta project. - Negative factor: Inferred category Evidence · text > inferred resource of 99koz Au \(3.6M tonnes at 0.84 g/t\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.