INVESTMENT HIGHLIGHTS

Appian has provided royalty financing to NexGold Mining Corp. in support of the advancement of its Goldboro Gold Project in Nova Scotia, Canada.

NexGold is a gold exploration and development company with projects in Canada and Alaska. Goldboro is a near-construction-ready asset, with a feasibility study expected in Q1 2026. The project hosts a high-grade open-pit resource of approximately 1.4Moz Au at 2.8 g/t, complemented by an underground resource of 1.2Moz at 6.1 g/t.

The company has secured all material permits on Goldboro, including environmental and industrial approvals, and enjoys strong support from First Nations partners. NexGold’s sustainability team, highly regarded by Appian, has played a central role in fostering constructive relationships with Indigenous communities and government, and in advancing ESG stewardship, permitting, and Impact Benefit Agreement negotiations.

The investment structure also provides Appian with financing flexibility, including the option to participate in up to 50% of any future Senior Secured Credit Facility exceeding US$75 million. Appian will continue to monitor project progress and review the upcoming feasibility study before making a decision on debt participation.

To find out more about NexGold and the Goldboro project, please click here.