NSJ Gold raises C$260K to chase antimony in New Brunswick
What's the deal? NSJ GoldDealroom has a profile for this one. Try Dealroom → has closed the first tranche of a post-IPO equity raise, issuing 1,733,362 shares at C$0.15 each for gross proceeds of C$260,004 (about $183,041).
The Vancouver-based explorer, listed in Canada and Frankfurt, will use the money for exploration and development at its Antimony 2.0 property in New Brunswick, plus general working capital.
Why now? Antimony has become a strategic mineral as supply tightens. The metal is used in batteries, flame retardants, and military applications.
NSJ is betting on a 35km² site that sits on the same geology as the Lake George mine 15km away — once North America's only primary antimony producer, which supplied up to 4% of global demand from 1970 to 1992.
What could go wrong? This is early-stage exploration, where most projects never reach production. The new shares are restricted from trading until October 25, 2026.
The raise is also small, leaving NSJ likely to return to the market for more capital as drilling progresses.
The signal: NSJ's exclusive focus on antimony, an early-stage bet positioned around North American supply, reflects how the metal has moved from obscurity to strategic priority as Western governments race to reduce dependence on China for critical minerals. The company is essentially wagering that the geology that once made the nearby Lake George mine North America's only primary antimony producer can be revived for a market now driven by defence and clean-energy demand.
Read more: Wallstreet Online
Image credit: James St. John
