Washington Is Redirecting Billions to U.S. Critical Minerals as America’s New Cold War with China Heats Up. Who Will Profit Next?

Trump’s bold $10 billion buying spree is fueling a profit windfall for select critical minerals companies. One small under-the-radar explorer in Nevada is sitting on what’s potentially the biggest discovery in decades and could hand life-changing gains to early investors.

By Robert Ross • Chief Editor of the Let’s Analyze Newsletter
Monday, March 16, 2025 3:00 P.M. CDT · 10 min read

Disseminated on Behalf of Nevgold Corp. (OTCQX: NAUFF); (TSXV: NAU.V)

On August 14, 2024, China sent shockwaves through global supply chains.

Beijing restricted exports of a strategic metal called antimony that underpins critical U.S. defense systems and protects American troops in war zones.

Four months later, it banned exports to U.S. military users altogether.

Antimony prices surged to nearly $50,000 per ton — or roughly ten times the five-year average, according to the World Economic Forum — as the Red Dragon crushed global supplies.^[1]

The market was awakened to a brutal reality…

Despite spending roughly $874 billion on defense annually, the U.S. was dangerously dependent on a foreign adversary for a metal essential to that defense.^[2]

Upon swearing in to his second term, President Trump took swift action to break China’s stranglehold on the world’s most essential metals.

This included directing the U.S. Department of War to make a strategic investment in a number of companies deemed vital to national security:

• A 15% stake in rare earth producer MP Materials^[3]
• A 10% stake in lithium producer Lithium Americas^[4]
• A 10% stake in minerals explorer Trilogy Metals^[5]

Investors in these companies were grinning from ear to ear, as stock prices surged.

MP Materials jumped 238% in just over three months …

“MP Materials strengthened its position as America’s leading rare earth producer and deepened federal partnerships, launching its stock from $29 to $100 in just over three months.”

… Lithium Americas surged 255% in a little over three weeks…

“Lithium Americas shares more than tripled in just over three weeks as U.S. policy momentum returned to domestic lithium development and securing battery supply chains.”

… and Trilogy Metals soared 440% in only eight days.

“Trilogy Metals soared 440% after securing major U.S. government backing. A powerful reminder of what can happen when Washington aligns with Wall Street.”

Trump’s $10 Billion War Chests

“U.S. Antimony rallied after winning a $245 million Pentagon contract to supply antimony for the defense stockpile. NevGold’s newest antimony discovery in Nevada is 15 to 85 times higher grade than its closest U.S. peer.”

I see no reason to believe that Trump’s billion-dollar buying spree will end anytime soon.

On the contrary, with global tensions rising and the new Cold War with China heating up, I expect Washington’s war chest to continue to grow… and early investors in those companies to continue to see potentially significant returns.

And I’ve uncovered an early-stage mineral exploration company called NevGold Corp. (OTCQX: NAUFF; TSXV: NAU)that could be in a great position to take advantage of it.

This small company recently made a remarkable discovery deep in the Nevada desert — in the #1 ranked mining jurisdiction in North America — in what’s called the “Bullet Zone.”

Industry experts say it’s the highest-grade discovery of antimony in the U.S. in decades, with an estimated $500 million worth of it sitting above-ground in historic leach pads. Plus, potentially billions worth of value in antimony and gold in a future near-surface open-pit mine after the leach pads are extracted.

Overall, NevGold controls a 100% domestic gold-antimony system with an estimated five million ounces of gold-equivalent… and as you’ll see in a moment, it’s trading for a fraction of its peers.

However, before I get into all the details about NevGold, please allow me to introduce myself.

Introducing Critical Metals Investing Expert Robert Ross

My name is Robert Ross.

I’m an investing expert whose research and analysis has been featured in Time, MarketWatch, Business Insider, and The Hollywood Reporter, among others.

I started my career as one of the youngest Chief Analysts in the investment research industry.

As lead stock analyst at a top-tier investment research firm for nearly a decade, I produced the research that landed on the desks of portfolio managers running multi-billion-dollar funds.

Today, my focus is on helping individual investors like yourself to make smarter decisions and uncover high-potential opportunities most investors overlook.

As the founder and CEO of TikStocks, I break down what’s happening in the markets to over 500,000 people each month through my social media platform.

And thousands of hedge fund managers, registered investment advisors, and retail investors read my digital newsletter, Let’s Analyze, each week — including subscribers from MIT, Harvard, Citadel, and Bridgewater Associates.

Each month, subscribers receive 20-40 pages of research on my high-conviction ideas and the moves I’m making with my own money. There’s no filler, no fluff, no wasted electrons.  

My mission is to cut through the noise and deliver honest, actionable investing insights — on stocks, crypto, and private placements — in plain English. Fast, clear, and definitely not boring!

And right now, the search for domestic supplies of strategic metals matters more than ever.

In the pages that follow, I’ll share seven surprising reasons why my research and analysis tells me that NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) could be a big winner.

But before I get to that, you need to understand why this discovery is so important.

The Metal That Hardens America’s Bullets

Soars Nearly 1,000% as China Cuts Off Supply

The Metal That Hardens America’s Bullets Soars Nearly 1,000% as China Cuts Off Supply

If you’ve never heard of antimony before, you’re not alone.

But the Pentagon knows it well, and that’s precisely why this opportunity may be so asymmetric.

Antimony now sits at the intersection of defense, semiconductors, energy storage, and advanced manufacturing. It enables high-performance semiconductors. It’s embedded in flame-retardant materials that protect aircraft cabins and industrial infrastructure.

It also touches batteries, solar energy systems, and electronics supply chains.

More importantly, antimony is the element that hardens the lead in over 200 types of U.S. military ammunition.

It’s essential for percussion primers to ensure that rounds detonate under battlefield conditions… it strengthens armor-piercing rounds… and it’s even embedded in flame retardants that protect soldiers’ uniforms and vehicles.

In short, antimony is a necessity in modern warfare — yet, while the U.S. consumes about 25,000 tonnes of it each year, it currently produces none.^[10]

China is the world’s leading producer, accounting for 48 percent of global production and 63 percent of U.S. antimony imports. Russia and Tajikistan supply much of the rest. Together, these three nations control about 90% of global supply.^[11]

Meanwhile, China controls nearly all of the high-purity refining capacity for antimony.

Within weeks of Beijing’s August 2024 export controls, antimony shipments were effectively throttled through a restrictive licensing regime and U.S. military channels were cut off entirely.

The price of antimony rose from roughly $5,500 per tonne in 2019 to between $57,000 and $60,000 per tonne by mid-2025 — an increase of nearly 1,000%.^[12]

Overall, the global antimony market was worth about $1.15 billion in 2025. It’s projected to reach nearly $2.01 billion by 2034, growing at about 6.4% annually.^[13]

Antimony’s transformation from “industrial obscurity” to “strategic necessity” isn’t a temporary anomaly. It’s the natural consequence of a fractured global order where energy transition, national security, and supply-chain sovereignty collide.

In this new world, there are no “minor” metals — only metals the world cannot live without.

And when a single geopolitical rival dominates a critical war metal, price is no longer set by normal supply and demand… it’s set by leverage.

So, what happens when the world’s most powerful military can’t source a critical metal?

History Shows This One Pattern Leads to Massive Capital Movement

In 1939 prior to entering WWII, America faced a similar crisis with antimony.

It had built the most powerful industrial economy in the world, while quietly relying heavily on foreign supply from China for a metal it couldn’t fight without.

Then Japanese expansion disrupted supply and suddenly, what had seemed like a minor trade dependency became a national emergency and Washington was forced to act decisively.

In 1939, Congress passed emergency legislation called the Strategic and Critical Materials Stock Piling Act, declaring antimony a strategic mineral and securing domestic supply.^[14]

The Stibnite Mine near Yellow Pine in central Idaho became the answer, ramping up production and going on to supply 90% of U.S. antimony from 1941 to 1945. Including the antimony that hardened the bullets fired at Normandy and Iwo Jima.^[15]

It powered what President Roosevelt called the “Arsenal of Democracy,” a massive mobilization effort designed to put control of America’s supply chain back in America’s capable hands.

But antimony was considered a war metal. Naturally, urgency faded once the war was over, domestic production declined, and China filled the gap to deliver decades of cheap supply.

Today, we are again dependent on foreign supply, this time from geopolitical rivals.

As The New York Times recently reported…

“The vise-tight grip that China wields over the mining and refining of rare minerals, crucial ingredients of today’s most advanced technologies, is about to become even stronger.”^[16]

And as The Heritage Foundation notes, it’s created a dangerous vulnerability…

“Today, there are no viable domestic mining operations of antimony in the United States. This leaves critical defense productions dependent upon foreign suppliers — an unacceptable risk, especially given that the two largest reserves of antimony belong to two of the greatest U.S. adversaries: Russia and China.”^[17]

In response to this growing crisis, Trump has once again declared a national emergency and is injecting billions of dollars into strategic assets in the name of national security.

Billions Pour Into Critical Minerals as Washington and Wall Street Align

Washington has increasingly turned to a Korean War-era statute called the Defense Production Act to inject direct capital into domestic supply chains.

Since 2022, Washington has deployed more than $500 million under the Defense Production Act Title III to rebuild America’s critical mineral supply chains.

The first wave committed over $250 million to lithium, cobalt, graphite, and rare earth infrastructure — the raw materials of batteries, semiconductors, and advanced weapons systems. By 2024, cumulative mineral allocations had climbed toward $400–$450 million.

In 2025 alone, another $100–$150 million was directed toward strategic metals tied directly to national defense. This includes a $43.4 million award for an antimony-focused project in Alaska called The Estelle Project owned by Nova Minerals Limited.^[18]

At the same time, the Export-Import Bank of the United States has activated its China and Transformational Exports Program, a financing initiative with up to $27 billion in lending authority to counter China’s dominance in strategic supply chains.^[19]

Combined with Department of Energy grants, Department of Defense procurement support, and accelerated federal loan programs, these mechanisms represent the most coordinated federal mobilization around mineral security since World War II.

The result is a clear signal: capital, policy, and national-security priorities are now aligned to rebuild America’s critical mineral independence. And projects positioned within this framework stand to benefit from unprecedented federal backing.

As Reuters recently reported, antimony is now squarely in Washington’s sights…

“The U.S. military said it plans to develop a fleet of small-scale refineries to produce critical minerals used to make bullets, armor and other types of weaponry… with antimony being the first mineral the military aims to refine.”^[20]

That’s why I’m turning your attention to one of the most exciting opportunities I’ve seen in years.

NevGold Corp. (OTCQX: NAUFF; TSXV: NAU), with its high-grade discovery that sits directly in the path of this accelerating federal capital, is precisely the kind of strategic asset Washington can no longer afford to ignore.

I’ve done extensive research on this over the last 12 months. If NevGold’s upcoming Mineral Resource Estimate confirms what early data suggests, then I believe it has billion-dollar valuation potential.

That’s why I’m encouraging my subscribers to begin a due diligence on NevGold immediately.

In my view, seven key factors set this company apart from every other small-cap explorer on the market today. And together, they outline precisely why it could become the breakout story in the war over critical metals and the next commodity supercycle.

Seven Powerful Reasons Why NevGold (OTCQX: NAUFF; TSXV: NAU)  Could Be the Most Asymmetric Critical Metals Play Today

Reason #1: 100% American Assets in the Best Mining Jurisdictions

NevGold’s portfolio consists of four gold, antimony, and copper projects located in Nevada and Idaho — two of the best mining jurisdictions on planet Earth.

If you’ve followed the gold market as long as I have, you know that Nevada is the epicenter of American gold mining and home to some of the largest, most profitable deposits in the world.

The respected Fraser Institute’s Annual Survey of Mining Companies — the gold standard for jurisdictional risk analysis — has consistently ranked Nevada as:

• #1 in the United States
• #1 in North America
• Among the top two globally on its Investment Attractiveness Index.

The Fraser Institute’s research focuses on the “hard data” savvy investors care about, including geological attractiveness… regulatory certainty… taxation levels… permit timelines… infrastructure quality… rule of law… and more.^[21]

For investors who understand geopolitical risk… who understand supply chain fragility… and who understand that the world is entering a new era of resource competition — jurisdiction matters more than ever.

When I look at NevGold Corp’s (OTCQX: NAUFF; TSXV: NAU) asset base, I see something rare: a clean, unambiguous answer to the geopolitical risks outlined earlier.

This is American antimony, from American soil, in America’s best mining jurisdictions — with the full weight of U.S. policy shifting in favor of projects exactly like this.

Limousine Butte Gold-Antimony Project: Nevada, USA

Each of NevGold’s projects serves a distinct purpose in the overall investment thesis.

But it’s NevGold’s flagship Limousine Butte gold-antimony project in Nevada — and specifically, the antimony story — that has captured the market’s attention.

Exploration at Limousine Butte dates back to the 1940s and 1950s, when prospectors were originally drawn to the area by antimony occurrences. It would go on to become a critical source of antimony that greatly contributed to America’s WWII effort.

A mine called the Nevada Antimony Mine operated right next to what NevGold is drilling today, extracting stibnite — the primary antimony ore — from the same geological formations.

NevGold is targeting an initial mineral resource of approximately 3 million ounces of gold-equivalent, a combination of high-grade oxide gold and antimony.

This underscores the extraordinary scale of NevGold’s asset relative to its current valuation, but more on that in a moment…

Nutmeg Mountain Gold Project and Zeus Copper Project: Idaho, USA

NevGold’s second major asset base — Nutmeg Mountain and Zeus — sits in Idaho.

Idaho is the location of the Stibnite Mine I mentioned earlier that supplied American forces during World War II. The Stibnite district operated around the clock, ultimately supplying roughly 90% of America’s domestic antimony from 1941 to 1945.

History has a habit of repeating when geopolitics turn volatile… and here we are again.

At Nutmeg Mountain, NevGold’s most recent Mineral Resource Estimate in 2025 defined roughly 1.2 million ounces of gold indicated and another 550,000 ounces inferred.

When combined with the early-stage Zeus copper project, investors gain additional blue-sky exposure to a potential large-scale U.S. copper discovery. This adds further strategic upside to its gold foundation.

Finally, rounding out NevGold’s already impressive portfolio, its Cedar Wash gold-silver exploration project in Nevada hosts historically identified gold and silver mineralization across a large, underexplored land package.

This adds additional precious-metal upside in Nevada within the same secure U.S. jurisdiction and expanding the company’s overall discovery runway.

When geology, jurisdiction, and national policy align, the smart capital moves early and that’s what we are witnessing here.

That brings us to an exciting new discovery and an impressive addition to NevGold’s portfolio…

Reason #2: The Highest-Grade Antimony Discovery in America

In late 2025, NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) discovered an area called the “Bullet Zone” at its Limousine Butte project in Nevada that contains the highest-grade oxide antimony ever reported by a U.S. company.

If you know anything about mining, you know grade is everything.

A higher grade potentially means more metal per ton of rock, lower cost to produce it, higher potential profits, and faster payback — and the numbers NevGold discovered are eye-opening:

• 51% antimony over 4.6 meters
• 76% antimony over 4.6 meters
• Many additional results above 3% antimony

Those are extremely high grades.

To put that in perspective, the closest U.S. comparison is Perpetua Resources, which owns a large Stibnite project in Central Idaho.

Perpetua’s antimony grade? A mere 0.064%.

NevGold Corp’s (OTCQX: NAUFF; TSXV: NAU) “Bullet Zone” is running 1% to 5.5% antimony — a 15 to 86 times higher grade.

What’s more, it’s near the surface (so it’s easier and cheaper to extract), it’s oxide rock (so it’s simpler to process), and every follow-up drill hole has hit mineralization.

That’s a hard-hitting combination that can dramatically improve the economics of a project.

The “Bullet Zone” area extends from a larger mineralized area called Resurrection Ridge, which has over 800 meters of strike length and more than 1 kilometer of additional ground still untested.

In simple terms, this could be the start of something much bigger.

When you combine record gold prices, a strategic metal in short supply, the highest-grade U.S. antimony discovery, and a small market cap — it quickly becomes clear this isn’t your typical junior mining story.

NevGold’s new “Bullet Zone” discovery shows dramatically higher grades than its peers. Yet, it’s still trading at a fraction of the value.

I’ll tell you all about it in a moment. First, let’s look at another of NevGold’s major advantages…

Reason #3: Simple, Low-Cost Extraction with High Leverage

In the mining game, grade gets all the headlines — but metallurgy makes fortunes.

The type of ore body, the metallurgy, and the mining method are just as important as the grade because they determine how much it actually costs to get the metal out of the ground.

You can have the highest-grade discovery in America and still destroy shareholder value if it costs a fortune to extract. And this is where NevGold Corp’s (OTCQX: NAUFF; TSXV: NAU) project has a decisive advantage because Limousine Butte is an oxide, near-surface deposit.

The mineralization starts at surface and can be accessed with conventional open-pit, heap-leach mining — the simplest, lowest-cost form of mining and processing that exists… which means no need for a traditional mill or a complex underground mining operation.

The material can be mined from an open pit, placed on a leach pad, and processed using acid leaching, which NevGold’s metallurgical test work has identified as the preferred flowsheet for recovering both gold and antimony.

NevGold’s 2025 metallurgical test work showed antimony recoveries that average between 75% and 85% — with the highest up to 92% — using conventional acid leaching, with higher recoveries at higher antimony grades.

Just as important, extracting antimony had minimal impact on gold recovery. That means both metals can be recovered from the same rock, in the same flow sheet, at the same operation.

One mine. Two strategic metals. One cost structure.

And because the proposed flowsheet produces antimony metal on-site, it reduces reliance on foreign refining — a critical advantage in a world where supply chains are being weaponized.

A 10-to-1 Capital Cost Differential for Higher Potential Returns

Compare this to NevGold’s primary U.S. antimony peer, Perpetua Resources.

Perpetua’s Stibnite project hosts sulfide refractory ore — technically complex, metallurgically challenging, and capital intensive. Its estimated initial capital expenditure is about $2.2 billion.^[22]

NevGold’s larger-scale commercial build has a capital expenditure of between $150 million and $200 million.

That’s a 10-to-1 capital cost differential, in a capital starved industry, for a project with dramatically higher antimony grades. Most importantly, lower CapEx means easier financing, faster timelines, and higher potential returns on invested capital.

When combined with the estimated $30 million to $50 million CapEx for leach pad reprocessing of material already sitting at surface, NevGold’s overall capital efficiency is in a league of its own.

In an era where capital is scarce, costs are rising, and permitting risk is real, projects that require multi-billion-dollar builds are increasingly difficult to finance. Projects that can be built for a few hundred million or less, on the other hand, are different animals entirely.

When you combine surface oxide mineralization, heap-leach processing, and dramatically higher antimony grades, you have a development story that institutions can fund in good conscience.

And in this environment — with gold above $5,000 and antimony structurally constrained — every dollar saved in capital cost translates directly into higher returns on invested capital.

This isn’t just about what’s in the ground, it’s about how easily you can get it out.

In mining, that difference can mean everything. Let me show you what I mean…

Reason #4: A Near-Term Revenue Engine Junior Miners Dream Of

The dirty secret of junior mining is that most exploration companies drill for years before they ever see a dollar of revenue.

They raise capital, dilute shareholders, drill again, dilute again — a cycle that destroys returns. As someone who’s been doing this for 15 years, I’ve seen my fair share of investors get burned this way.

But NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) is different because it already owns 2.4 to 3.0 million tonnes of mineralized material sitting at surface on leach pads at Limousine Butte.

Decades ago, what was then known as the Golden Butte pit produced over 100,000 ounces of gold. The gold was recovered and the antimony was left behind because it was not the focus.

That material looks like a strategic stockpile today, with recent sampling showing:

• 1.4–1.7 million tonnes averaging 0.27% antimony and 0.34 g/t gold
• 1.0–1.3 million tonnes averaging 0.31% antimony and 0.18 g/t gold

This material could be in production by 2027, potentially making it the next pureplay antimony production scenario in the United States. That’s an exceptionally short timeline in a sector where most juniors are five to ten years from cash flow.

The value in the leach pads is estimated at over $500 million.

The estimated capital required to build a processing facility? Around $30 million to $50 million.

That’s roughly a 16-to-1 value-to-capital ratio.

What’s more, if Defense Production Act capital helps fund the facility, NevGold may not need to raise additional equity to reach production.

Most junior miners sell hope, but NevGold has a credible path to cash flow.

When a junior crosses that line — when it shifts from a good story to a revenue generator — it stops being treated as a calculated risk and begins being valued as an operating asset.

And when it comes to revenue, NevGold has a number of viable sources…

Reason #5: Multiple Projects, Multiple Ways to Win

While Limousine Butte and its antimony story are the primary near-term catalysts, the greatest junior mining successes are rarely built on a single drill hole, or even a single project.

They’re built on optionality… and NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) has something extremely rare in today’s market: three distinct shots on goal, each powerful enough to justify the current valuation on its own.

First, it’s important to note that Limousine Butte isn’t an isolated experiment in the desert.

It sits inside an active, capital-intensive mining district surrounded by billion-dollar operators:

• Freeport-McMoRan has a $33 million earn-in on the adjacent Butte Valley porphyry^[23]
• Centerra Gold holds an earn-in on Cherry Creek to the northeast^[24]
• South32 is actively working on Selena to the south^[25]

When billion-dollar mining companies are spending tens of millions of dollars to explore the ground near your project, it’s validation of the geological potential.

Then, there’s the Nutmeg Mountain project in Idaho.

As of the September 2025 Mineral Resource Estimate, Nutmeg hosts:

• 1,200,000 million ounces of gold (Indicated) at 0.50 g/t
• 550,000 ounces (Inferred) at 0.34 g/t

This isn’t deep, high-cost underground ore. It’s near-surface, heap-leach gold — the simplest,

lowest-cost style of gold mining in the American West.

More importantly, the strip ratio is less than 1:1, which means for every tonne of waste moved, roughly a tonne of ore is recovered. In mining terms, that’s incredibly efficient and economic.

In a world where gold is being accumulated aggressively by central banks and forecast to rise further, Nutmeg alone could command a valuation beyond what the market is assigning today.

Then, there’s the Zeus Copper Project in Idaho.

Zeus sits on the emerging Hercules Copper Trend, the same geological setting where Hercules Metals Corp. made a large copper porphyry discovery in October 2023. The discovery was so compelling that Barrick Gold invested around C$30 million to $ 50 million for a 15% equity stake.^[26]

Finally, at its Cedar Wash project in Nevada, NevGold controls an earlier-stage gold-silver exploration asset in one of the most prolific mining states in the world. It’s a district-scale land position that adds yet another layer of blue-sky optionality to a deeply leveraged portfolio.

Of course, none of this matters if NevGold’s team can’t execute — and that brings us to…

Reason #6: A Management Team Forged By Nevada Mining

In junior mining, the management team is often the single most important variable.

I’ve watched this sector for decades… I’ve seen extraordinary deposits destroyed by weak leadership, and I’ve seen modest deposits transformed into fortunes by experienced operators who knew exactly what they were doing.

NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) is being run by people who have already built mines in the exact jurisdiction where this story is unfolding, with a team that brings more than 150 years of combined experience.

At the helm is Brandon Bonifacio, CEO — a mining engineer with a Master’s degree in Mining Engineering and an MBA from the University of Nevada, Reno.

He understands Nevada both academically and operationally.

Before NevGold, he served as Finance Director for the Norte Abierto Joint Venture — the Cerro Casale/Caspiche gold-copper project — working for Goldcorp, now part of Newmont, the largest gold mining company in the world.

This is someone who has already operated at a global scale and chose to focus on Nevada.

Greg French, VP Exploration, has over 35 years of hands-on exploration experience across the Western U.S. and Canada, and has taken two projects through feasibility and into production.

That’s a crucial distinction, because many exploration geologists are excellent at finding targets — far fewer know how to move a project through feasibility… permitting… engineering… and into actual production.

And in Nevada, where permitting pathways, water rights, reclamation bonds, and environmental compliance can make or break a timeline, that institutional knowledge is priceless.

Bob McKnight, CFO, is a Professional Engineer with more than 40 years in mining — and has been directly involved in over $1.5 billion in debt, equity, streaming, and M&A transactions.

Junior mining success is about capital structure as much as it’s about drilling.

It’s about knowing when to raise money… when to issue equity… when to pursue strategic investment… when to bring in streaming finance… and when to wait.

McKnight has lived through multiple commodity cycles. He knows the difference between funding growth and funding dilution.

Then, there’s the Board of Directors…

Billion-Dollar Credentials Backing a $100 Million Company

Strategy, capital access, permitting, and ultimate exits are all shaped by the Board of Directors.

Chairman Giulio Bonifacio founded and led Nevada Copper, raising over $700 million in equity and project debt over his career.

Director Victor Bradley, a CPA with more than 50 years in mining, founded Yamana Gold and served as Chairman of Osisko Mining until its $4.1 billion sale to Agnico Eagle and Yamana.

Director Tim Dyhr has 35 years of environmental permitting experience specifically in Nevada and Arizona, and directed the successful permitting of the Pumpkin Hollow copper mine.

Bottom line: This is not a startup team learning on the job. These are seasoned operators who have built mines, permitted mines, financed mines, and sold mines in the exact jurisdiction where NevGold is working.

They are familiar with the regulations and regulators, they know the geology, they know the capital markets, and they know exactly what it takes to turn drill results into a producing asset.

When you combine NevGold’s impressive leadership team and it’s growing portfolio, it makes the valuation gap between NevGold and its peers all-the-more extraordinary…

Reason #7: A 39-to-1 Valuation Gap the Market Hasn’t Closed… Yet

This is where the investment thesis comes into sharpest focus.

When you look at the valuation gap between NevGold and Perpetua Resources — the most direct comparable in the U.S. gold-antimony space — the gap is extraordinary.

Perpetua Resources trades at a market capitalization of approximately $3.9 billion.

NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) trades at roughly $100 million, or a 39-to-1 valuation differential.

Now here’s the question every serious investor must ask: Is that gap justified by fundamentals or is it the kind of mispricing that exists before a re-rating?

Let’s look at the facts…

• NevGold’s “Bullet Zone” antimony grades are 15 to 86 times higher than Perpetua’s.
• NevGold’s extraction is simpler (oxide vs. sulfide refractory).
• NevGold’s estimated CapEx is roughly 10% of Perpetua’s ($200M vs. $2.2B).
• NevGold has a near-term production option (leach pads, roughly $30M to $50M CapEx, 2027 timeline); Perpetua is on track for antimony production by 2030.
• Both are pursuing U.S. government funding (Perpetua has had a head start, but NevGold is in active discussions).

Yet the market values one company at nearly $4 billion, the other at barely $100 million.

And here’s where it becomes even more compelling.

Development-stage heap-leach gold projects in the Western U.S. trade at an average of approximately $77 per ounce of gold resource. Recent acquisitions have been completed closer to $110 per ounce.

NevGold’s initial Mineral Resource Estimate at Limousine Butte is expected in Q2 2026 with a target of approximately 2.5-3 million ounces of gold-equivalent, a combination of high-grade oxide gold and antimony.

Add the already indicated 1.2 million ounces and inferred of 550,000 ounces at Nutmeg Mountain, and it’s a potential 5 million-plus ounce gold-equivalent resource base with further growth beyond that.

Even applying the low end of the comparable range, or $77 per ounce, to a 4 million ounce combined resource implies a valuation of $308 million — or more than three times the current market cap.

I Believe NevGold Is Trading at a Dramatic Discount

At today’s roughly $100 million market cap, NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) is trading at a dramatic discount to comparable “per ounce” benchmarks — and that’s before assigning any premium for:

• High-grade antimony
• S. strategic positioning
• Government funding potential
• Near-term production optionality

Valuation gaps this wide rarely stay open once real catalysts begin to fall into place.

The catalysts that truly separate NevGold from Perpetua are the hard de-risking steps that capital markets actually pay for: advancing permits, validating metallurgy at scale, and securing government support.

In other words, moving the project from “interesting geology” to “buildable asset” by tightening the technical work… pushing the permitting path forward… and converting government interest into something tangible like LOIs, offtake discussions, or conditional funding.

If those pieces land, the market starts underwriting probability instead of possibility, and that’s when discounts like this tend to compress fast.

Put together, these seven reasons form a single, powerful thesis…

A small mining exploration company with world-class American assets, clear macro tailwinds, and the right team in place is sitting at the threshold of what could be the most lucrative phase in its history.

Bottom Line: NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) Could Have a Blueprint for a Billion-Dollar Breakout

NevGold is perfectly set up to be the mining sector’s breakout star in 2026.

It offers a near-term antimony production pathway… a potential 4-5 million-ounce gold-equivalent resource base that’s leveraged to a gold supercycle… a copper discovery wildcard in an emerging trend… and a district-scale validation from global majors.

Any one of these could justify today’s valuation. But collectively, they represent asymmetric upside that the market has not fully priced in.

There are dozens of companies now branding themselves as “critical metals” stories.

Most of them are years from production, require $1–$3 billion or more in capital before generating revenue, and host low-grade deposits requiring complex, expensive processing.

NevGold’s “Bullet Zone” discovery has returned intercepts grading 1% to over 5% antimony. That’s 15 to 80 times higher grade than the average U.S. antimony project of 0.06%.

Higher grade means lower operating costs, stronger margins, and greater strategic importance.

NevGold’s estimated larger commercial mine build has a capital cost of roughly $200 million, while its near-term leach pad reprocessing operation has a CapEx of about $30 million to $50 million.

The nearest comparable U.S. gold-antimony project has an estimated capital cost of $2.2 billion.

That difference fundamentally alters risk, financing needs, and timeline to revenue.

A Potential Pathway to Revenue Measured in Years — Not Decades

Most junior miners drill, publish results, raise capital, and repeat… often for a decade.

NevGold controls previously mined and crushed material sitting at surface containing both gold and antimony. That creates a potential pathway to revenue measured in years, not decades.

What’s more, its leadership team includes one of the most respected operational mining engineers in the world… a seasoned exploration geologist and strategist… and a CFO with a proven track record of turning junior miners into major market players.

Meanwhile, the closest U.S. comparable trades at a multi-billion-dollar valuation.

NevGold trades at roughly a fraction of that — despite higher antimony grades, lower capital intensity, and nearer-term optionality to production.

In a world where supply chains are weaponized and capital is being directed toward secure domestic production, that combination is uncommon.

And uncommon setups are where outsized returns are born.

This could be a unicorn company hiding in plain sight, but I don’t expect it to stay that way for long.

When the market wakes up to the valuable assets that this junior miner is sitting on, NevGold Corp. (OTCQX: NAUFF; TSXV: NAU) may likely no longer be a secret.

I believe Wall Street will significantly reprice it, the mining majors will chase it, and early investors could see 5x… 10x… or even 20x returns from a position you can still open today for under a buck.

But as in all things, timing is everything, and the best time to act is before NevGold starts making headlines. All of this is why I have been urging my thousands of subscribers to start their due diligence on NevGold immediately.

I’ve spent months digging into this story… and for my money, this is one of the most compelling investment setups I’ve seen in years.

NevGold Has My Five-Star Rating

Of course, nothing in the markets is guaranteed. While NevGold Corp (OTCQX: NAUFF; TSXV: NAU) is gaining momentum, it’s still early in its development curve.

Which is why, as with all high-upside investments, I encourage you to move smartly — only risk capital you can afford to lose and always do your due diligence.

To help you take the first step, I’ve written a Special Report titled The New Arsenal of Democracy: How a Tiny Miner Could Break China’s Grip On a Critical War Mineral.

And I’ll send you a FREE copy fresh off the digital press when you sign up below now.

I encourage you — don’t wait to get your FREE Special Report on NevGold Corp (OTCQX: NAUFF; TSXV: NAU)… because China’s tightening grip on critical minerals is already colliding with rising geopolitical instability.

So now is the time for early investors to position themselves ahead of what could become a government-backed capital rush into America’s next generation of strategic mineral producers.

The biggest wealth opportuniteis don’t happen after Wall Street figures it out, they happen before — and right now, NevGold is flying completely under the radar.

It’s not on Fox Business. It’s not in the Wall Street Journal. It’s not in Barron’s… yet.

But when the next mineral resource data release hits… or when the first institutional investor takes a position… or when the talking heads on CNBC suddenly shine a spotlight on it…

NevGold Corp (OTCQX: NAUFF; TSXV: NAU) could go from an obscure micro-cap to the next name that every natural resource desk in America is talking about.

That’s why I’m urging you to get all the facts before that moment arrives.

I’ve compiled everything you need to know — including my private research notes… details on NevGold’s assets, remarkable new discovery, and leadership team… and a roadmap of upcoming catalysts — inside The New Arsenal of Democracy: How a Tiny Miner Could Break China’s Grip On a Critical War Mineral.

This Special Report is designed to give you a deeper, unfiltered look into the opportunity — the kind of details that don’t make it into promotional headlines.

Inside, you’ll discover:

• The small-cap gold-antimony explorer that may control one of the highest-grade oxide antimony discoveries in the country — at a time when America is scrambling to secure domestic supply…
• How new federal “critical mineral” directives — including Defense Production Act funding and fast-tracked permitting — could dramatically accelerate this company’s path from discovery to production…
• Why its near-surface, heap-leachable gold-antimony system could offer a rare combination of low-cost extraction and strategic pricing leverage — in a market where antimony prices have already surged and supply remains constrained…
• Why a $9 billion U.S. antimony producer may be the clearest valuation benchmark — and how this tiny $100 million company stacks up on grade, capital intensity, and production timeline.

This isn’t some thinly-veiled research report scraped from analyst notes.

It’s the culmination of months of deep research — the same kind of work institutional analysts charge thousands for — distilled into one easy-to-read report you can download free.

But don’t take my word for it…

Here’s what just a few of my subscribers had to say:

“Before joining I knew little about long-term investing. Following Robert has been immensely helpful. My first trade covered my membership 2x. Hands down the easiest decision I’ve made investment wise was to join this service!” — Adam B.

“Robert is a great investor and trader. I’ve been a professional trader and investor myself for over 20 years, and I still learn things from Robert. Whether you’re new to the stock market or a veteran investor, Robert’s service is definitely worth checking out.” — Keith R.

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“I’ve been playing the market for 20+ years, never with any serious direction or methodology. In the first couple years following Robert, I’ve had more consistent success than I’ve had in the past 20! Thank you!” — Shane L.

“Robert is a legend. This is no-BS investing. No ‘200x your portfolio in three days’ nonsense. It’s smart, sensible ways to play the market and beat it. After three years he’s been right every year with his course so far, and I would encourage anyone to check him out and most definitely subscribe.” — Andreas K.

“Your analysis has helped me transition from a scared, rookie investor to someone who’s more confident in analyzing and investing in the market.” — Shiv D.

So, what are you waiting for?

All you need to do is enter your information below, and I’ll send you an instant link to access The New Arsenal of Democracy: How a Tiny Miner Could Break China’s Grip On a Critical War Mineral.

I believe this is the kind of asymmetric setup that turns modest stakes into serious money — if you act before the crowd.

Because once Wall Street finally wakes up to what NevGold Corp (OTCQX: NAUFF; TSXV: NAU) is sitting on and its extraordinary potential, the biggest gains will already be in someone else’s account.

Don’t miss your chance to get positioned first.

NevGold could be uniquely positioned to capitalize on the accelerating push for domestic antimony production… and at the exact moment Washington has placed critical minerals at the center of national security and industrial policy.

Download your free Special Report now, so you can get all the details.

Best,

Robert Ross

Editor, Let’s Analyze