Announcement • Dec 25
Nexus Gold Corp. announced that it has received CAD 1.102547 million in funding On December 24, 2025, Nexus Gold Corp. closed the transaction. The company issued 10,500,452 units at a price of CAD 0.105 per unit for gross proceeds of up to CAD 1,102,547.46. In connection with the completion of the offering, the company paid finders' fees of CAD 4,883.55 and issued 3,000 non-transferable share purchase warrants to certain arm's-length brokerage firms that introduced subscribers to the offering. Each finder warrant entitles the holder to acquire an additional common share of the company at a price of CAD 0.105 until December 24, 2027. All securities issued in connection with the offering are subject to restrictions on resale until April 25, 2026, in accordance with applicable securities laws. The transaction included participation from Edward Kelly and Kevin Hart, both directors of the company, in the amount of 2,285,000 units and 300,000 units. Announcement • Dec 10
Nexus Gold Corp. announced that it expects to receive CAD 1.1025 million in funding Nexus Gold Corp. announced a non-brokered private placement of up to 10,500,000 units at a price of CAD 0.105 per unit for gross proceeds of up to CAD 1,102,500 on December 9, 2025. Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant is exercisable to acquire an additional common share at a price of CAD 0.20 for a period of 24 months. In connection with the completion of the offering, the company may pay finders' fees to eligible third parties who have introduced subscribers to the offering. All securities issued in connection with the offering will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. Completion of the offering remains subject to the approval of the TSX Venture Exchange. New Risk • Sep 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$27k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (43% average weekly change). Negative equity (-CA$27k). Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.00m market cap, or US$720.6k). Minor Risk Large one-off items impacting financial results. 
