Category: Canada

Until recently, the Canadian startup ecosystem quietly made its way on the global force with over 20 confirmed Canadian unicorns and more than thousand active startups in the tech space. As of 2025, Canada ranks 5th position in the Global Startup Ecosystem Index worldwide, with fintech, climate-tech, AI, and creator tools being the hottest sectors. Toronto, Vancouver, and Montreal are the primary hubs funding this growth.

Smaller than the U.S., Canada has its own unique advantage: things are comparatively cheap, there are great universities, and it offers access to the U.S. and international markets. Unlike in the U.S., Canadian unicorns usually scale globally from Day One and benefit from government support, R&D tax credits, as well as immigration-friendly policies that attract world-class talent.

In order to grow further, a lot of them decided to go public, which nets them capital at visibility expansion. This article focuses on Canadian unicorns that have stepped across public market shores, starting with Shopify and Nuvei, to name but a few.

Canadian Unicorns 

Unicorns are crucial factors in each national startup ecosystem, driving innovation, attracting investment, and inspiring young founders to dare dream and do. But what the term “unicorns” mean, they are privately held startups valued at over $1 billion. Canadian firms such as 1Password, Dapper Labs, SSENSE span across industries from blockchain to fashion e-commerce. Their success marks a big step forward in technology transformation in the future. 

1. Dapper Labs

Dapper Labs is a serious business of fun and games on the blockchain. Founded in 2018, the company pioneers in blockchain-based digital collectibles and NFTs (non-fungible tokens). It simply means that you have something like the rare card to prove your ownership. In this way, Dapper Labs creates block-chain-powered platforms and games focused on digital ownership, instead of physical possession. 

Its flagship products include CryptoKitties, NBA Top Shot, NFL ALL DAY, Disney Pinnacle. Whether it’s a cat, a sports moment, or a Disney pin of characters, Dapper Labs stores it and you can buy, sell, or trade them freely. 

The company doesn’t stop its journey by developing Flow blockchain, a fast, scalable, and developer-friendly blockchain designed for large-scale digital collectibles and apps. In 2025, Flow is experiencing an impressive growth in Q1, 2025. Dapper Labs is day-by-day solidifying its position in the field by expanding platforms, and strategic integrations. 

2. 1Password

Security is a must. And 1Password is making it simpler. It provides a secure platform to store and manage passwords, online identities, credit card info, secure notes and more confidential things.  The company supports all major platforms like Windows, macOS, Android, iOS, and browser extensions, making sure it reaches most of the customers. 

1Password ensures users’ online security by offering end-to-end encryption, so only users can get access to their data. It’s all dedicated to user-centric solutions. The company also offers strong password generation to create unique, hard-to-guess passwords. 

1Password stands out for its nonstop innovation. Products are continuously improved with Face ID support, and more useful integrations. Notably, in April 2025, it announced a next generation – Extended Access Management (XAM) which is powerful for organizations. You will have a 14-day trial before going for a subscription, but it’s worth paying for your security. 

3. Hopper 

If you’re struggling with your travel, from booking flights, seeking hotels, and much more. Hopper is one of the best companions that can help you with its technology. Its AI technology leverages data analytics and machine learning to help travelers save money and make smart booking decisions, whether it’s flight, hotel, car rental booking. 

Specifically, you will get the app, accessible to both iOS and Android, which can predict the best times to book flights and hotels. The app also provides price tracking, push notifications, and a color-coded calendar to show optimal booking times. With Hopper, we believe your travel is no longer stressful or hassle, it’s relaxed without time and energy saved. 

As reported in 2025, this online travel agency is targeting going public via an IPO and achieving a $10 billion valuation. This move will definitely help Hopper attract more significant investors and gain visibility in the field. 

4. SSENSE

SSENSE is a Canadian multi-brand luxury fashion and high-end streetwear retailer. Headquartered in Montreal, it now operates globally, delivering to 114 countries with websites in multiple languages. This comprehensive touch brings SSENSE closer to global customers.

It sells curated collections of luxury, streetwear, and avant-garde fashion from diverse brands like Versace, Valentino, Vans and many more. But it goes more than simply selling clothes, SSENSE combines e-commerce with an editorial platform featuring creative content on fashion, art,… to build brand identity. 

SSENSE also brings technology into its operation, using data analytics and machine learning to personalize shopping experiences and catch up with trends, rather than depending on traditional buyers.

5. PointClickCare

PointClickCare is a leading cloud-based healthcare software provider that revolutionize healthcare management and delivery for better outcomes and efficiency. Until now, it serves over 27.000 care providers, 3.600 ambulatory clinics, 2.800 hospitals and multiple government agencies. 

Its comprehensive SaaS platform specializes in electronic health records, care delivery management, financial management, compliance, and business intelligence. With these deep expertise, PointClickCare is confident to help your team automate administrative tasks, saving time to truly focus on patients. 

With strategic and notable partnerships during its operation, such as Pfizer, Carequality, Apploi, the platform has been improved on a daily basis, addressing more challenges and diversifying its portfolio.

6. Blockstream

Blockstream is a blockchain technology company that focuses on building Bitcoin-based financial infrastructure. It not only builds crypto-financial systems but also builds market efficiency with less reliance on trust. 

Its portfolio covers a wide range of products with different goals. For example, its AQUA Wallet helps users manage their bitcoin and liquid assets easily with buying and selling. Its Blockstream Satellite broadcasts the blockchain worldwide to provide access even in poor internet connectivity areas. 

Beyond its innovation in its expertise, Blockstream shares key strategic vision “The Future of Finance Runs on Bitcoin”, focusing on consumer, enterprise and institutional adoption. This vision directs and positions the company’s road to global presence. 

7. ApplyBoard 

Your education will definitely go easier with the help of ApplyBoard. With the mantra of “Your Future Goes Beyond Borders”, the platform connects international students with colleges, universities, and K-12 schools. By doing this, the application process is no longer stressful and heavy. 

 If you still wonder about which programs, its AI student-advising chatbot will help you to match with suitable programs based on academic background, preferences, and financial situation. Students are also allowed to apply to multiple programs and schools through a single application. 

ApplyBoard stands out for its claim of 95% of successful acceptance rates. And interestingly, every student can go for ApplyBoard for free, it’s a great opportunity to study abroad. In the future, ApplyBoard hopes to expand partnerships with more academic institutions at a global scale, thus, students can reach their dreams. 

8. Wealthsimple 

Wealthsimple is helping people of all ages and backgrounds achieve financial freedom. The company provides online investment management and financial services for everyday investors. Its products cover different aspects including Wealthsimple Invest, Wealthsimple Trade, Wealthsimple Save, and much more. 

Wealthsimple combines technology and human expertise to deliver simple, and affordable financial tools. It’s accessible for most of us, especially millennials and young investors, by offering low-cost services. 

It continuously expands products and services with AI integrations and innovative marketing, making things simpler and more human with emotional connection rather than technical jargon. 

9. Clearco 

Clearco, formerly Clearbanc, is a fintech company founded in 2015 in Toronto. It specializes in providing fast and flexible funding to online businesses, especially e-commerce, mobile app, and SaaS founders globally. The company is known for its quick process, using technology and data to make funding decisions often within only 24 to 48 hours. 

The process for businesses is not complicated at all. You only need to apply online with the platform, then wait for their assessment. Repayment is also very easy, which is adjusted automatically regarding your business performance. 

What makes Clearco differentiate itself from other competitors is its no equity dilution. Founders are allowed to keep full ownership and control of their companies, unlike traditional venture capital that requires you to give up shares. Clearco removes many barriers for founders who want to build businesses without too much stress. 

10. Trulioo

Trulioo is a Canadian technology company that specializes in global identity verification for both individuals and businesses. The company helps organizations verify the identities of over 5 billion people and 700 million business entities across the globe. 

Basically, the company provides a single, unified platform called GlobalGateway that connects to hundreds of data sources worldwide, including government records, credit bureaus, and social media. This vast amount of data allows businesses to verify customers anywhere. 

In June 2025, Trulioo is honored to be named in the 2025 Liminal “Link Index: Business and Entity Verification” (BEV) as a Leading Vendor. This recognizes its strong leadership position and as a motivation for innovation ahead.

11. Clio

Clio changes how legal personnel work by increasing efficiency, organization, and client orientation in law firms. It was among the first to introduce cloud-based solutions to the legal trade. Over 150,000 lawyers across more than 130 countries work with Clio today.

The platform offered by Clio allows law firms to use a single interface to administer everything that requires their attention-from intake to case management, billing, and document storage. Academically, it is integrated with more than 280 tools while internally it includes time tracking, trust accounting, and even auto-generated reminders. It is designed to take away administrative tasks from lawyers so that they can spend more time with their clients. 

Clio represents more than just software innovation for the future of legal practice. The Legal Trends Report shares knowledge with the industry, while the annual Clio Cloud Conference galvanizes the global legal tech community. Thanks to a flexible SaaS model, global presence, and affinity from Bar associations, Clio continues innovating legal practice.

12. Cohere 

Businesses use Cohere to wield powerful language AI to be efficient and work at swift speed. Its core mission revolves around the development of large language models for enterprise use, enhancing the usefulness of AI while keeping it secure and accessible.

Cohere’s platform supports various business tool options, ranging from AI assistants, smart search, multilingual chat, document analysis, etc. Cohere’s model families, such as Command and North, were built for flexibility. 

The company pushes forward for responsible AI with its nonprofit, Cohere For AI, working alongside partners such as Oracle and McKinsey. As practical solutions for AI are becoming more sought-after, Cohere is getting spotlighted for its strong tech combined with a thoughtful approach for business.

13. Ada 

Customer service and support can’t ask for simpler solutions with Ada. The company specializes in AI-powered customer service automation, especially conversational AI. It significantly helps enterprises to automate and improve customer support interactions across multiple channels and languages. 

This conversational AI platform is designed to support over 50 languages, whether you’re using chat, voice, or email. Companies are enabled to answer common questions 24/7, and resolve complex inquiries. But it doesn’t mean people are replaced, instead, the platform will escalate to human agents when needed. 

For better products, Ada uses a combination of proprietary AI models to power its agent, ensuring it feels human when interacting with customers. Thus, Ada is improving experiences for both customers and support teams. 

14. eSentire

eSentire has been on offer for remote 24/7 cybersecurity for organizations subject to the threats of today. It is currently becoming a Dedicated Managed Detection and Response platform, having secured over 2,000 companies in more than 80 countries. Its ambition is clear yet urgent: stop threats before they can disrupt business.

The organization is combining AI detection with expertized threat hunters and analysts for real-time response 24/7 features including MDR and XDR along with continuous threat exposure management and incident response services. eSentire slants well into the existing security stack, making it a forceful alternative for any business that lacks its own teams.

In March 2025, eSentire established a strategic partnership with Qylis – an innovator in data, AI and cybersecurity – to provide compliant cybersecurity solutions in India, thereby increasing its global influence and regulatory alignment. 

15. Xanadu

Xanadu, a quantum computing company based in Toronto and started in 2016, is building some of the world’s most complex photonic quantum computers – machines that use photons to process information. Its mission, both great and clear, is to put useful, fault-tolerant quantum computers in every user’s hands. 

The full-stack approach is what differentiates Xanadu; in other words, it builds everything from chips to the cloud platform on which users can run real quantum programs. Its open-source software library PennyLane is widely used by researchers in the quantum machine learning space. 

Pushing boundaries is what Xanadu does, but this company also helps to establish them. Some of the most forward technologies, open software, and international collaboration put Canada right at the forefront of unlocking the real potential of quantum computing.

16. Tenstorrent

Based in Toronto, Tenstorrent is a technology powerhouse building next-generation processors explicitly for AI and deep learning. It makes powerful chips to optimize computers for the training and running of more complex AI models in data centers or within smart devices. 

What differentiates Tenstorrent is its combination of custom chip design, specifically its Tensix cores, with open-source software and the RISC-V architecture that allows developers all over the world more control and performance than traditional alternatives. It’s the very principle of making AI more scalable, flexible, and accessible.

With significant capital funding and plans for a global push, Tenstorrent is in the business of selling its hardware and software and licensing its technology to third parties. It’s pushing the heaviest hitters in AI chips to bring smarter, faster tools for the industry to build the AI of tomorrow.

17. Freshbooks

FreshBooks offers a simple accounting solution that caters to small businesses, freelancers, and self-employed professionals. It helps users save time and get organized with tools for invoicing, expense tracking, time logs, payments, and project management.

The platform is most admired for its clean design, mobile-friendly experience, and accessibility to non-accountants. Among the automated features it offers are AI-powered invoicing and smart expense tracking. In 2020, the company acquired Mexican startup Facturama, to enter Latin America, marking an important milestone in the global expansion of FreshBooks.

Working on a subscription basis, FreshBooks reinvests in product improvements with an emphasis on customer feedback. Making what once was complex financial work into a pleasant experience allows small business owners to focus less on paperwork and more on running and growing their businesses.

18. Assent 

Located in Ottawa, Assent is helping global manufacturers build more ethical and sustainable supply chains. It was established in 2010 to support aerospace, electronics, and medical-device industries with multiple tools to manage risks such as forced labor, use of hazardous substances, and non-compliance with regulations.

Using its cloud platform, Assent enhances the supply chain data-gathering process, automates supplier engagement, and updates companies on ever-changing legislation like REACH, RoHS, and ESG standards. Assent takes its clients beyond basic compliance through advisory services and audits.

Assent makes complex compliance requirements easily grasped by cutting through legalese to create simple, actionable insights companies can use to preserve their brands and avoid crippling fines while becoming the world’s leaders in sustainability and responsible sourcing.

19. LayerZero Labs

LayerZero Labs is a Canadian tech company based in Vancouver that’s making it easier for different blockchains to work together. It was founded in 2021 and quickly gained attention for its innovative approach, reaching a $3 billion valuation in just a couple of years. With backing from big-name investors, it’s become one of Canada’s most talked-about players in the blockchain space.

At its core, LayerZero builds tools that help apps and services share data and digital assets across different blockchains. This means smoother experiences for people using crypto apps, things just work, no matter what network they’re on.

LayerZero is helping build a more open and connected internet for the future. It’s already supporting hundreds of networks and thousands of apps around the world. As more people look for simpler, safer ways to use blockchain technology, LayerZero is right there leading the charge from Canada.

20. The Sandbox

The Sandbox is a decentralized 3D metaverse where users are capable of creating, owning, and monetizing their virtual experiences. As a company under Animoca Brands, The Sandbox combines gaming, NFTs, and cryptocurrency, with its native SAND token powering all in-world transactions and governance.

In this world, players can purchase some virtual land (LAND) to build no-code games with the Game Maker and design digital assets with VoxEdit. The platform features an internal marketplace for trading NFTs, while some notable brands such as Snoop Dogg, Gucci, and Warner Music have entered the fold to give it a more mainstream vibe.

Backed by millions of users and over $90 million in funding, the Sandbox is one of the most famous Web3 gaming platforms. They empower creators, promote ownership, and change how we build, interact, and earn in virtual environments, bringing itself to the forefront of the emerging metaverse economy.

21. Neo Financial 

Being a Canadian fintech company based in Calgary, Neo Financial is reimagining the banking idea, nurturing and growing with the SkipTheDish founders from its birth in 2019. Today, it boasts over 750 employees and more than 1.3 million customers across Canada.

What sets Neo Financial apart is an unparalleled feeling of simplicity and modernity. Everything goes down digital-first: credit cards, savings accounts, investing – everything along with app-based management, no hidden fees, and some serious cashback rewards. 

Neo Financial brings the perfect combo of smart tech, lucrative rewards, and true customer care, and is now giving the big banks a run for their money. Backed with massive funding and a truly nationwide name, it rapidly became one of Canada’s top picks for everyday banking.

22. Nexii 

Nexii is a Canadian construction tech company taking on one of the world’s greatest challenges: sustainable building. Nexii very fast became a unicorn after rethinking the ways in which commercial buildings are designed and built. 

The buildings end up being assembled on-site five times faster, and with just a quarter of the usual emissions levels, thereby greatly reducing onsite waste. Having currently served big-name clients such as Starbucks and McDonald’s, Nexii hones in on energy efficiency, durability, and cost savings, helping its clients rip away from their sustainability targets without compromising on performance.

Nexii went through financial restructuring with a great refocus on efficiency and scale in 2024. Now from its Squamish operations, the company continues to build toward a greener construction future, supporting net zero through proven technology and renewed resolve.

Canadian Unicorns That Became Public Companies 

Canada has spawned several startups that passed the unicorn stage only to enter the stock market to procure firmer capital and create further advances. The companies are spread across e-commerce, fintech, publication, biotech, and edtech. Below are some of the most celebrated public Canadian unicorns, drawing most attention to Shopify and Nuvei.

1. Shopify 

Shopify, is one the world’s leading commerce platforms that enables retailers, entrepreneurs, and even global brands to build both online and offline stores. Each of key features are making the whole process easier, including building customizable content themes, secure payments, effective marketing, and more. 

The company went public in May 2015, listed on both New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX). After going public, Shopify went through a significant growth of market cap, from ~$1.5 B in 2015 to >$200 B by 2021. This is thanks to the booming of e-commerce in the last few years. 

This giant player doesn’t want to stop there, it continuously integrates AI and machine learning to enhance the services. As of now, Shopify powers around 5 million stores worldwide for small entrepreneurs to global brands.

2. Lightspeed 

Lightspeed provides cloud-based POS (point of sale) and e-commerce software solutions for retail, hospitality, and golf industries. A unified commerce platform is used for managing sales, inventory, customer engagement, and payments, making it super effective to control everything just in one place. 

Helping small and medium sized businesses, with the aim to help these enterprises grow faster, Lightspeed combines cloud technology with AI-driven analytics to make the products more useful but still easy-to-use. 

Under the ticker LSPD, the company went public on the TSX in March 2019, this IPO marked Quebec’s first unicorn public listing. Then, in 2023, it was expanded to list on the NYSE in 2023. These moves for public listing provided capital for the company to strengthen financial position and pursue growth strategies. 

3. Kinaxis

As a provider of cloud-based supply chain management and sales and operations planning software, Kinaxis had evolved through several name changes before becoming the current one in 2005. 

Its flagship cloud platform for supply chain management is RapidResponse, with end-to-end visibility and real-time decision making. Supporting industries such as aerospace, automotive, consumer products, high-tech, and more, the company also provides AI-infused features which makes things easier to do.

The company decided to go public in 2014 under the ticker KSX. The 2014 IPO was a pivotal milestone, providing Kinaxis with capital to grow and increase market visibility and credibility.

4. D2L (Desire2Learn)

D2L makes every desire to learn more accessible for everyone. D2L is a global educational technology company, making software called Brightspace that helps teaching and learning online for all levels: schools, universities, and companies. 

Learning processes are powered by courses, tests, and materials, all on computers and mobile devices, making it very easy for students and those who are busy with tight schedules to be flexible. There are also smart tools with AI to personalize learning and grading, you will be taken care of dedicatedly. 

D2L went public on the Toronto Stock Exchange in November 2021 under the ticker DTOL. The IPO gave D2L money to improve their software faster and grow internationally. Since going public, D2L has added more AI features and bought companies to offer better tools.

5. Nuvei 

Nuvei, an international fintech company providing the technology that enables businesses to accept payments online, on-premises, and on the go is how Nuvei is described. Nuvei assists 50,000 merchants across nearly 200 markets and industries with various payment methods, currencies, and complementary platforms for fraud prevention.

Innovation and acquisitions of companies like SafeCharge and Smart2Pay have driven growth. Nuvei went public in 2020 on the TSX, raising IPO proceeds of $700 million, which set a record for the largest tech IPO ever in Canada up to that time. Nuvei proceeded to build presence worldwide, deepen technology investments, and enhance relationships with large clients.

Today, since rapid, secure, and flexible payment solutions are at the core of Nuvei services, they can position themselves as one of the biggest digital commerce partners worldwide-a testimony of how a Canadian parent company can in fact stand tall in the fast-paced global payments industry.

6. Thinkific

Thinkific is housed in Vancouver and helps people and businesses build and deliver courses over the Internet. Thinkific started as an easy way to share knowledge and has grown into a platform used by more than 35,000 creators, including solo entrepreneurs and global brands like Fiverr and Hootsuite.

Going public on the Toronto Stock Exchange was a pivotal moment for Thinkific, scaling it up like never before. Ever since the IPO, it has gone global with the rollout of AI-powered course creation tools and a rebrand sharp enough to match that growing influence. Today, Thinkific also helps businesses ramp revenues and engage customers through their educational offerings.

Thinkific essentially turns expertise into an opportunity. It makes online learning easy, accessible, and scalable, riding the wave with creators and learners worldwide. With the rising demand for digital education, Thinkific keeps evolving to stay ahead.

7. AbCellera

AbCellera is a Canadian organization that uses AI-based processes and high-level biology for the discovery of antibody-based medicines. The company gained worldwide recognition during the pandemic for the development of COVID-19 antibody treatments with Eli Lilly and has since carried out more than a hundred drug programs with other partners like Pfizer and Moderna.

After going public on the Nasdaq in December 2020 under the ticker ABCL, AbCellera invested in a drug pipeline of its own and opened a manufacturing facility that would sustain clinical development. The proceeds from the IPO continued to enable the company to expand the scope of its development programs and give greater focus to the longer-term programs addressing cancer, autoimmune diseases, and other conditions.

AbCellera today works at the intersection of AI-engineering-and-immunology for rapid drug discovery, making it one of the global biotech key players and charger for life sciences innovation in Canada.

Conclusion 

The Canadian tech scene is now a world innovation center, with unicorns in Canada making great strides in fintech, AI, biotech, and more. Several of these companies, such as Shopify, Nuvei, and AbCellera, have been converted from private startups into legitimate public companies that leveraged IPOs for further scaling, investing in R&D, and global expansion. Their stories offer a testimony of emerging Canadian startups becoming full-fledged businesses choosing to compete on the global stage.

This article keeps being refreshed to remain abreast of the latest happenings within Canada’s unicorn landscape, including future funding, IPO activity, and noteworthy exits. More Canadian unicorns will soon mature and take ship in the public markets.

Canada’s economy shrank by 0.1 per cent on a monthly basis in April, Statistics Canada said on Friday, with the data agency’s advance estimate for May showing a similar decline in activity.

The manufacturing sector alone dipped 1.9 per cent — the steepest drop since April 2021, per Statistics Canada — driving a decline among goods-producing industries.

Transportation equipment manufacturing was hit hard, which the data agency attributed to uncertainty caused by the trade war in the auto industry as car manufacturers pulled back on production in response to U.S. President Donald Trump’s tariff on vehicle exports.

Wholesale trade also fell in April, particularly in sub-sectors related to autos and motor vehicle parts, as exports and imports of those products dropped.

The data agency is expecting economic growth to contract by 0.1 per cent again in May, signalling slower growth in the second quarter of the year as tariffs weigh on Canada’s economy.

Bank of Canada governor Tiff Macklem warned during the central bank’s last interest rate announcement that the impact of tariffs would be felt more acutely in the second quarter.

First-quarter growth, while stronger than expected, was largely driven by pre-emptive activity as businesses stocked up on inventory ahead of Trump’s tariffs. 

“Going forward, we continue to expect the pain from trade uncertainties will stay relatively contained, leaving the economy softer but not substantially worse off by the end of this year,” wrote Claire Fan, a senior economist at RBC.

“With most of U.S.-Canada trade exempted from tariffs via an exemption for USMCA-compliant trade, Canada continues to face one of the lowest tariffs among major U.S. trade partners,” she added.

“The broader trade headwind will still slow U.S. demand for imports, including for Canadian goods. But we expect Canadian domestic demand to broadly hold up, and the economy to not fall into a recession.”

April trading frenzy drove growth

Investment activity largely drove the country’s economic growth in April, with the finance and insurance sector growing 0.7 per cent — specifically financial investment services, funds and other financial vehicles. 

“The announcement of U.S. tariffs on April 2 heightened trade tensions and prospects of a global economic slowdown, leading to unusually high activity on Canadian equity markets in April,” noted Statistics Canada.

That led to a trading frenzy on the Toronto Stock Exchange in the four days that followed the announcement, which the data agency said was the “main contributor” to elevated activity in April.

Public sector activity also rose in April, mostly because of the federal election, while the arts, entertainment and recreation sector increased 2.8 per cent that month as several Canadian NHL teams qualified for the playoffs. 

“The expected back-to-back declines in real GDP through the spring are not a big surprise, given the intense uncertainty the economy was dealing with at that time,” wrote BMO chief economist Douglas Porter in a note to clients.

“Overall, we suspect that GDP likely drooped at about a 0.5 per cent annual rate for all of Q2, and may come close to that in Q3 — certainly not good news, but also a less dire outcome than expected a few months back at the height of the tariff drama.”

Canada’s economy shrank by 0.1 per cent on a monthly basis in April, Statistics Canada said on Friday, with the data agency’s advance estimate for May showing a similar decline in activity.

The manufacturing sector alone dipped 1.9 per cent — the steepest drop since April 2021, per Statistics Canada — driving a decline among goods-producing industries.

Transportation equipment manufacturing was hit hard, which the data agency attributed to uncertainty caused by the trade war in the auto industry as car manufacturers pulled back on production in response to U.S. President Donald Trump’s tariff on vehicle exports.

Wholesale trade also fell in April, particularly in sub-sectors related to autos and motor vehicle parts, as exports and imports of those products dropped.

The data agency is expecting economic growth to contract by 0.1 per cent again in May, signalling slower growth in the second quarter of the year as tariffs weigh on Canada’s economy.

Bank of Canada governor Tiff Macklem warned during the central bank’s last interest rate announcement that the impact of tariffs would be felt more acutely in the second quarter.

First-quarter growth, while stronger than expected, was largely driven by pre-emptive activity as businesses stocked up on inventory ahead of Trump’s tariffs. 

“Going forward, we continue to expect the pain from trade uncertainties will stay relatively contained, leaving the economy softer but not substantially worse off by the end of this year,” wrote Claire Fan, a senior economist at RBC.

“With most of U.S.-Canada trade exempted from tariffs via an exemption for USMCA-compliant trade, Canada continues to face one of the lowest tariffs among major U.S. trade partners,” she added.

“The broader trade headwind will still slow U.S. demand for imports, including for Canadian goods. But we expect Canadian domestic demand to broadly hold up, and the economy to not fall into a recession.”

April trading frenzy drove growth

Investment activity largely drove the country’s economic growth in April, with the finance and insurance sector growing 0.7 per cent — specifically financial investment services, funds and other financial vehicles. 

“The announcement of U.S. tariffs on April 2 heightened trade tensions and prospects of a global economic slowdown, leading to unusually high activity on Canadian equity markets in April,” noted Statistics Canada.

That led to a trading frenzy on the Toronto Stock Exchange in the four days that followed the announcement, which the data agency said was the “main contributor” to elevated activity in April.

Public sector activity also rose in April, mostly because of the federal election, while the arts, entertainment and recreation sector increased 2.8 per cent that month as several Canadian NHL teams qualified for the playoffs. 

“The expected back-to-back declines in real GDP through the spring are not a big surprise, given the intense uncertainty the economy was dealing with at that time,” wrote BMO chief economist Douglas Porter in a note to clients.

“Overall, we suspect that GDP likely drooped at about a 0.5 per cent annual rate for all of Q2, and may come close to that in Q3 — certainly not good news, but also a less dire outcome than expected a few months back at the height of the tariff drama.”

VANCOUVER, British Columbia–(BUSINESS WIRE)–Jun 27, 2025–

Great Quest Gold Ltd. (“ Great Quest ” or the “ Company ”) (TSX-V: GQ) is pleased to announce that further to its news release dated May 14, 2025, it has entered into a definitive arrangement agreement dated June 26, 2025 (the “ Arrangement Agreement ”) with Lotus Gold Corporation (“ Lotus ”), pursuant to which Great Quest intends to acquire all of the issued and outstanding common shares of Lotus (the “ Lotus Shares ”) in exchange for newly issued common shares in the capital of Great Quest (“ GQ Shares ”) as an arm’s length transaction to be completed by way of a court-approved plan of arranged under the Business Corporations Act (British Columbia) (the “ BCBCA ”) (the “ Arrangement ”). Pursuant to the policies of the TSX Venture Exchange (the “ TSXV ”), the Arrangement will be considered a reverse takeover (the “ RTO ”) of the Company by Lotus, which will become a wholly-owned subsidiary of the resulting issuer (the “ Resulting Issuer ”) following completion of the Arrangement.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250626431996/en/

The Wadi Zeidun, Umm Samra, Siqdid, and Umm Salim mineral properties form the Eastern Desert Gold Project and are located at 600 km south-southeast of Cairo, Egypt.

Transaction Details

Pursuant to the Arrangement Agreement, the shareholders of Lotus will receive such number of common shares of the Resulting Issuer (the “ RI Shares ”) such that the former Lotus shareholders will own 63.3% of the issued and outstanding RI Shares and the number of RI Shares held by the former shareholders of Great Quest will equal 36.7%. The number of RI Shares issued as consideration shares to former holders of Lotus Shares will be determined following completion of the Bridge Financing (as defined below) and announced in a subsequent news release accordingly.

In accordance with the terms of the Arrangement Agreement, all outstanding warrants of Lotus will be exercisable to acquire RI Shares, in amounts and at exercise prices adjusted in accordance with the Arrangement Agreement. A subsequent news release will describe the valuation of Lotus.

Arrangement Agreement

The Arrangement will be subject to the following approvals:

• approval by the Supreme Court of British Columbia,
• requisite regulatory approval, including the approval of the TSXV; and
• the approval of the directors and the shareholders of each of Great Quest and Lotus.

Among other terms customary for a transaction of this nature, the Arrangement Agreement includes the following terms and conditions:

• A change of name of the Company to such name as is mutually agreed between Great Quest and Lotus and acceptable to the TSXV effective upon closing of the Arrangement (the “ Closing ”);
• a share consolidation of Great Quest on the basis of one post-consolidation GQ Share for every 30 pre-consolidation GQ Shares;
• completion of a bridge financing (the “ Bridge Financing ”) by Great Quest for gross aggregate proceeds of up to CAD$500,000, through the issuance of GQ Shares at a pre-Consolidation price of $0.025 per share, as further described in the Company’s news release dated June 16, 2025;
• directors and officers of Lotus and shareholders of Lotus holding 5% or more entering into support and voting agreements pursuant to which they have agreed to vote their Lotus Shares in favour of the Arrangement;
• each of Great Quest and Lotus will have a working capital deficit and long term debt (excluding non-cash liabilities) of no more than CAD$110,000 unless agreed otherwise by Lotus and Great Quest respectively in writing;
• Lotus will receive a title opinion regarding Great Quest’s Namibian mineral project; and
• Great Quest will receive a technical report in compliance with National Instrument 43-103 – Standards of Disclosure for Mineral Projects and a title opinion regarding Lotus’ Eastern Desert Gold Project in Eastern Egypt.

Trading in the GQ Shares has been halted since May 8, 2025 in accordance with the policies of the TSXV and will remain halted until such time as all required documentation in connection with the Arrangement has been filed with and accepted by, and permission to resume trading has been obtained from, the TSXV. There can be no assurance that trading of GQ Shares will resume prior to the completion of the Arrangement.

Shareholder Approvals

At a special meeting of the shareholders of Great Quest the (the “ GQ Meeting ”) to be held in accordance with the BCBCA, Great Quest will seek the approval of the RTO pursuant to the policies of the TSXV by an ordinary resolution passed by shareholders of Great Quest holding at least 51% of the issued and outstanding GQ Shares present in person or represented by proxy at the GQ Meeting.

At a special meeting of the shareholders of Lotus (the “ Lotus Meeting ”) to be held in accordance with the BCBCA, Lotus will seek the approval of the Arrangement by a special resolution passed by the shareholders of Lotus holding at least 66 2 / 3 % of the issued and outstanding Lotus Shares present in person or represented by proxy at the Lotus Meeting.

Lotus Advance

In connection with the Arrangement, Lotus will enter into a secured loan agreement with Great Quest for the loan amount of $300,000 (the “ Loan ”) bearing interest at 10% per annum, subject to conversion into GQ Shares at a pre-Consolidation price of $0.025 per share should the Arrangement not close by the November 30, 2025 deadline. Great Quest intends to use the funds from the Loan for its working capital requirements.

Bridge Financing

Further to Great Quest’s news release dated June 16, 2025, the Company intends to complete the Bridge Financing prior to the Closing. The Bridge Financing is subject to approval by the TSXV.

Resulting Issuer Board of Directors

Upon completion of the Arrangement, it is anticipated that the board of directors of the Resulting Issuer shall consist of the following persons:

Jed Richardson, Director

Jed Richardson brings a wealth of experience spanning a 25-year career in the mining and financial sectors. He has worked as a Research Associate at RBC Capital Markets and as a Research Analyst at Cormark/Sprott Securities, in addition to serving as a Mining Engineer for Alcan Aluminum. Jed has also served as Vice-President of Corporate Development for Verde Potash, Principal Consultant of Javelin Corporate Development Partners, and President and CEO of Trigon Metals. Joining Great Quest’s Board in 2010, he was appointed President & CEO in 2013, transitioning to the role of Executive Chairman in 2024. Jed holds a B.A.Sc. in Mineral and Geological Engineering from the University of Toronto.

Heye Daun, Director

Heye Daun is the co-founder and former President & CEO of Osino Resources. He is also the co-founder of the former Auryx Gold Corp. which advanced the Otjikoto gold project in Namibia until sale to B2Gold Corp for US$160m in 2011. As the former President & CEO of Ecuador Gold & Copper Corp. (“ EGX ”), Heye was instrumental in the formation of Lumina Gold Corp. through the C$200m merger of EGX with Odin Mining, before founding Osino Resources in 2015 with Alan Friedman. Heye is a mining engineer and MBA and has extensive experience in mining operations, working for Rio Tinto, AngloGold-Ashanti and Gold Fields, and stints in mining finance with South Africa’s Nedbank Capital and Old Mutual Investment Group. For the last 12 years Heye has been a successful public markets mining entrepreneur. Heye is a Director and also co-founder of Lotus.

Alan Friedman, Director

Alan Friedman is a South African-trained lawyer and public markets entrepreneur with significant success in a range of sectors such as mining, oil & gas, cannabis, e-gaming and others. As a result of being involved with North American public markets for over 20 years, his little black book is brimming with the Who-is-Who in Finance and Acquisitions and he has played an integral role in the financings and go-public transactions for many resource companies onto Toronto Stock Exchange and AIM. He is also a director of the Canada-Africa Chamber of Business. Alan is a Co-founder and Director of TSXV-listed Eco (Atlantic) Oil and Gas Ltd., and co-founder of Auryx Gold Corp and Osino Resources. Alan is a Director and also co-founder of Lotus.

Sponsorship

The Arrangement may require sponsorship under the policies of the TSXV unless a waiver from sponsorship is granted. Great Quest intends to apply for a waiver from sponsorship requirements of the TSXV in connection with the Arrangement. There can be no assurance that such waiver will ultimately be granted.

Eastern Gold Desert Project Descriptions

In two competitive international bid rounds, Lotus secured ten exploration sectors (blocks or licenses) across the Egyptian Eastern Desert. Subsequent renewal and relinquishment of blocks, as well as the addition of 5.5 blocks acquired from B2Gold brings the total land position to ±1,930 km 2 (roughly the equivalent of 11 blocks), as summarised below:

Exploration Agreement	Project Area	# of Exploration Sectors	Area (km 2 )
BR1 – Zeidun	Wadi Zeidun	±1.4 (after renewal)	253
BR1 – Umm Samra	Umm Samra	±1.3 (after renewal)	230
BR2 — Siqdid	Siqdid	3	483
(BR-1) Umm Salim	Umm Salim	5.5	963
Total		± 11	±1,930

Qualified Person (QP) Statements

Qualified Person David Underwood, BSc. (Hons) is Vice President Exploration of Lotus Gold Corporation and has reviewed and approved the scientific and technical information in this news release as it pertains to Lotus, and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No.400323/11) and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (” NI 43-101 “).

On behalf of the board of directors of Great Quest Gold Ltd.:

“Jed Richardson”

Chief Executive Officer and Executive Chairman

Further Information and Disclaimer

All information contained in this news release with respect to Great Quest and Lotus was supplied by the parties respectively, for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

Completion of the Arrangement is subject to a number of conditions, including but not limited to, TSXV acceptance and, if applicable, pursuant to the requirements of the TSXV, disinterested shareholder approval. Where applicable, the Arrangement cannot close until any required shareholder approvals are obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Arrangement, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Arrangement and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Arrangement and associated transactions. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the completion and expected terms of the Arrangement, the Loan, the number of securities of the Company that may be issued in connection with the Arrangement and Bridge Financing, obtaining the requisite shareholder approval, Lotus’ strategic plans and the parties’ ability to satisfy closing conditions and receive necessary approvals, are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the Arrangement (including the name change and consolidation), the Loan, or the Financings will occur or that, if the Arrangement, and the Financings do occur, they will be completed on the terms described above. Great Quest and Lotus assume no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250626431996/en/

CONTACT: For more information, please contact:Great Quest Gold Ltd.

Jed Richardson, Executive Chairman

Email:IR@greatquest.com

(647)276-6002Lotus Gold Corporation

Mike Silver, Interim CEO

Email:msilver@lotusgold.ca

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES

SOURCE: Great Quest Gold Ltd.

Copyright Business Wire 2025.

PUB: 06/27/2025 07:30 AM/DISC: 06/27/2025 07:30 AM

http://www.businesswire.com/news/home/20250626431996/en

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(MENAFN– GlobeNewsWire – Nasdaq) TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — NexGold Mining Corp. ( TSXV: NEXG; OTCQX: NXGCF) (“ NexGold ” or the“ Company ”) is pleased to provide a further update on its ongoing 25,000-metre diamond drill program initially announced on January 22, 2025 at the Company’s Goldboro Gold Project (“ Goldboro ”) in Nova Scotia. The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and Indicated Mineral Resources. The assay results for an additional 8 infill diamond drill holes (BR-25-515, 521, 523, 527, 530, 534, 539, and 544), totalling 1,687.00 metres, are from drilling in the proposed west pit (Figure 1; Table 1).

Drilling is now finished for this program and the Company has completed a total of 26,854 metres in 141 drill holes. Additional drill holes were completed beyond the planned 25,000 metres due to program efficiencies and the Company decided to twin additional 1980s and 1990s drill holes. With drilling now complete the Company will continue to report assay results through Q3 as they become available.

Kevin Bullock, President and CEO, stated:“We are very pleased to have completed this phase of infill drilling at the Goldboro Gold Project which has shown early positive results in assays received to date from the proposed east and west pits. Efficiencies with the drilling program allowed us to complete additional twinning of historic drill holes which will further help to de-risk the project moving forward. We will now turn our attention to updating the Goldboro Mineral Resource as we receive data. Updating the Mineral Resource will provide the basis of the planned Feasibility Study update. The timing of finishing the drill program and initiating a Mineral Resource update is timed well with recent news of the Notice of Completion for the Nova Scotia Industrial Approval for the Project.”

Selected drill intersections from 8 diamond drill holes in this release include:

3.58 g/t gold over 18.3 metres (from 139.0 to 157.3 metres), including 59.40 g/t gold over 0.6 metres in drill hole BR-25-530;

2.79 g/t gold over 19.7 metres (from 291.3 to 311.0 metres), including 72.80 g/t gold over 0.5 metres in drill hole BR-25-544;

103.50 g/t gold over 0.7 metres (from 86.3 to 87.0 metres) in drill hole BR-25-523;

1.98 g/t gold over 10.0 metres (from 114.1 to 124.1 metres), including 9.66 g/t gold over 0.5 metres in drill hole BR-25-521;

0.52 g/t gold over 32.8 metres (from 125.2 to 158.0 metres), including 3.50 g/t gold over 0.5 metres in drill hole BR-25-539;

2.06 g/t gold over 8.2 metres (from 169.8 to 178.0 metres), including 5.96 g/t gold over 1.75 metres in drill hole BR-25-515; and

1.80 g/t gold over 9.25 metres (from 273.0 to 282.25 metres), including 7.15 g/t gold over 1.25 metres in drill hole BR-544.

The Company has now released 50 drill holes (approximately 34%) from the infill program. Results from the drill program to date for the drilling conducted in the proposed west pit demonstrate the presence of mineralization that is consistent with previous drill results. In particular, the existing geological model appears to broadly predict the location of gold mineralization with local adjustments to the model where mineralization is either not in the exact positions predicted by the model or if no mineralization is intersected. Significantly, the drill program continues to intersect additional gold mineralization in areas where no mineralization was previously known or predicted. This occurs either in under-drilled areas or near historic drilling which were not thoroughly sampled. Mineralized solids will be adjusted, where necessary, to account for local variations in the model, and any impact due to additional assay data gathered during the drill program will be investigated during the forthcoming Mineral Resource estimate planned during H2 2025.

Figure 1: Plan map showing the location of the 8 diamond drill holes in this release

Table 1: Locations and orientations for the 8 drill holes in this release.

Drill hole	Easting	Northing	Elevation (m)	Length (m)	Azimuth	Inclination
BR-25-515	606805.2	5006484.2	66.6	194.0	180	-75
BR-25-521	606788.5	5006332.6	64.5	176.0	360	-90
BR-25-523	606816.6	5006295.8	64.3	155.0	360	-75
BR-25-527	606816.6	5006295.8	64.3	206.0	360	-85
BR-25-530	606755.9	5006316.1	65.6	242.0	007	-65
BR-25-534	606761.6	5006264.4	64.6	203.0	360	-55
BR-25-539	606685.2	5006325.7	64.7	200.0	007	-65
BR-25-544	606745.5	5006142.9	59.2	311.0	360	-40

Notes:

Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 20 coordinates

Some drill hole numbers are missing from the sequence. These drill holes are not reported in this press release since they were drilled in another location and will be reported in a separate release with other contiguous or related drilling information.

Drill holes BR-25-466 to 475, 479, 498 and 501 were reported in previous press releases dated May 16 and June 5, 2025.

Drill holes BR-25-477, 478, 481 to 483, 486, 489, 491, 495, 502, 505, 508, 510, 513, 518, 520, 522, and 524 were reported in a previous press release dated June 13, 2025.

Drill holes BR-25-476, 480, 484, 487, 490, 493, 496, 499, 504, 507 and 512 were reported in a previous press release dated June 19, 2025.

Table 2: Highlighted drill intersections from 8 drill holes

	Drill hole	From (m)	To (m)	Length (m)	Au g/t
	BR-25-515	15.00	17.80	2.80	0.41
	and	26.90	28.00	1.10	0.52
	and	32.00	33.26	1.26	1.26
	and	38.00	38.50	0.50	1.22
	and	48.00	58.00	10.00	0.26
	including	57.00	58.00	1.00	1.16
	and	66.40	68.50	2.10	2.51
	including	66.40	67.00	0.60	7.43
	and	84.55	85.05	0.50	0.59
	and	143.75	145.15	1.40	6.33
	including	144.45	145.15	0.70	12.00
	and	169.80	178.00	8.20	2.06
	including	173.50	175.25	1.75	5.96
	BR-25-521	28.00	28.50	0.50	0.42
	and	40.20	40.70	0.50	3.26
	and	71.00	72.00	1.00	3.18
	and	114.10	124.10	10.00	1.98
	including	121.10	121.60	0.50	9.66
	and	156.90	157.90	1.00	1.27
	BR-25-523	86.30	87.00	0.70	103.50
	and	90.30	91.10	0.80	1.36
	and	94.50	95.20	0.70	3.34
	and	103.50	104.00	0.50	1.16
	and	126.75	128.60	1.85	1.83
	including	127.25	128.00	0.75	3.15
	and	134.50	137.00	2.50	0.46
	BR-25-527	110.90	111.90	1.00	0.97
	and	126.00	127.00	1.00	0.67
	and	159.50	165.80	6.30	1.32
	including	165.00	165.80	0.80	5.15
	BR-25-530	77.80	80.90	3.10	0.92
	including	79.10	79.90	0.80	2.86
	and	85.10	87.00	1.90	0.39
	and	124.50	128.00	3.50	0.71
	and	139.00	157.30	18.30	3.58
	including	140.00	140.60	0.60	59.40
	and including	149.70	150.20	0.50	9.17
	and	160.90	164.00	3.10	0.54
	and	169.00	172.20	3.20	1.00
	including	171.00	171.50	0.50	4.81
	and	215.60	221.00	5.40	0.71
	and	226.50	227.60	1.10	0.40
	BR-25-534	121.00	122.00	1.00	2.46
	and	125.00	126.90	1.90	0.42
	and	151.60	152.10	0.50	1.05
	and	178.40	179.60	1.20	0.86
	and	191.35	201.40	10.05	0.91
	including	193.00	193.65	0.65	5.75
	BR-25-539	44.70	45.60	0.90	0.95
	and	54.00	62.00	8.00	1.05
	including	58.00	59.00	1.00	3.64
	and	86.00	87.00	1.00	8.96
	and	95.00	96.00	1.00	0.51
	and	111.00	117.30	6.30	0.90
	including	115.80	116.30	0.50	3.50
	and	125.20	158.00	32.80	0.52
	including	115.80	116.30	0.50	3.50
	and	170.75	175.70	4.95	0.32
	including	170.75	171.35	0.60	1.70
	and	190.20	191.00	0.80	0.60
	BR-25-544	43.70	44.20	0.50	9.38
	and	112.00	114.00	2.00	2.20
	including	112.00	112.50	0.50	7.49
	and	228.40	228.90	0.50	0.70
	and	260.60	261.60	1.00	1.03
	and	273.00	282.25	9.25	1.80
	including	277.45	278.70	1.25	7.15
	and	284.90	287.30	2.40	1.33
	and	291.30	311.00	19.70	2.79
	including	294.00	294.50	0.50	72.80
	and including	298.00	302.00	4.00	1.08
	and including	303.60	305.10	1.50	3.43

Notes:

Reported intervals are drilled core lengths and do not indicate true widths. True widths are estimated at between 50-100% of core length. For duplicate samples, the original sample assays are used to calculate the intersection grade. All grades are uncapped.

Some drill hole numbers are missing from the sequence. These drill holes are not reported in this press release since they were drilled in another location and will be reported in a separate release with other contiguous or related drilling information.

Drill holes BR-25-466 to 475, 479, 498 and 501 were reported in previous press releases dated May 16 and June 5, 2025.

Drill holes BR-25-477, 478, 481 to 483, 486, 489, 491, 495, 502, 505, 508, 510, 513, 518, 520, 522, and 524 were reported in a previous press release dated June 13, 2025.

Drill holes BR-25-476, 480, 484, 487, 490, 493, 496, 499, 504, 507 and 512 were reported in a previous press release dated June 19, 2025.

Technical Disclosure and Qualified Persons

QA / QC

The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The NQ diameter drill core is sawn in half with one-half of the core sample dispatched to either Eastern Analytical Ltd. (Eastern) preparation facility in Springdale, Newfoundland and Labrador or the ALS Canada Ltd. (ALS) prep lab in Moncton, NB and then the pulp is sent to North Vancouver, BC for fire assay. The other half of the core is retained for future assay verification and/or metallurgical testing. Analysis for gold was completed by fire assay (30 g) with an AA finish. All assays in this press release are reported as fire assays only.

For samples analyzing greater than 0.5 g/t Au via 30 g fire assay, these samples will be re-analyzed at Eastern via total pulp metallics. For the total pulp metallics analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Total pulp metallics assays for drill holes sited within this press release may be updated in a future news release. Check assays are conducted at Eastern for assay samples received from ALS and check assays are conducted at ALS for assays received from Eastern following the completion of a program.

Other QA/QC procedures include the regular insertion of blanks and CDN Resource Laboratories certified reference standards. The laboratory also has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream for all analysis.

Paul McNeill, P.Geo., VP Exploration of NexGold, is considered a“Qualified Person” for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the scientific and technical disclosure contained in this news release on behalf of NexGold.

About NexGold Mining Corp.

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold’s Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario and its Goldboro Gold Project is located in Nova Scotia. NexGold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community wellbeing.

Further details about NexGold, including a Prefeasibility Study for the Goliath Gold Complex and a Feasibility Study for the Goldboro Gold Project, are available under the Company’s issuer profile on and on NexGold’s website at .

Contact: Kevin Bullock
President & CEO
(647) 388-1842
…

Orin Baranowsky
Chief Financial Officer
(647) 697-2625
…

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Information

This news release contains or incorporates by reference“forward-looking information” within the meaning of applicable Canadian securities legislation and“forward-looking statements” within the meaning of applicable U.S. securities laws. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking information including, but not limited: to information as to the Company’s strategic objectives and plans; timing and results of drilling activities; potential for upgrading mineral resources; expected initiatives to be undertaken by management of the Company in identifying exploration opportunities; and timing of advancement and completion of technical studies. Generally, forward-looking information is characterized by the use of forward-looking terminology such as“plans”,“expects” or“does not expect”,“is expected”,“budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“is projected”,“anticipates” or“does not anticipate”,“believes”,“targets”, or variations of such words and phrases. Forward-looking information may also be identified in statements where certain actions, events or results“may”,“could”,“should”,“would”,“might”,“will be taken”,“occur” or“be achieved”.

Forward-looking information involve known or unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those projected by such forward-looking statements. Such factors include, among others: the plan for, and actual results of, current exploration activities; expectations relating to future exploration, development and production activities as well as growth potential for NexGold’s operations; risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; reliance on third-parties, including governmental entities, for mining activities; the ability of NexGold to complete further exploration activities, including drilling at the Goliath Gold Complex and Goldboro deposits; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of mineral resources, production and cost estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations; and those factors described in the Management’s Discussion and Analysis for the year ended December 31, 2024 of the Company and in the Company’s most recent disclosure documents filed under its SEDAR+ profile at . Although management of the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented to assist shareholders in understanding the Company’s the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.

A photo accompanying this announcement is available at

MENAFN26062025004107003653ID1109726798

Beeline Holdings (NASDAQ:BLNE) announced Wednesday that its subsidiary, Beeline Title Holdings (“Beeline Title”), has closed one of the first-ever residential real estate transactions funded through the sale of a cryptocurrency token backed by real property.

Nick Liuzza, CEO of Beeline Holdings, said several mortgage lenders are already developing funding models that involve converting cryptocurrencies to U.S. dollars at closing.

But for these models to function at scale, they need a title company that not only understands blockchain transactions but also has the infrastructure to disburse and reconcile them in compliance with federal and state regulations, Liuzza added.

Also Read: Beeline Breaks $1 Billion Barrier, Bets Big On AI And Short-Term Rental Surge

Beeline’s first cryptocurrency-enabled transaction is the beginning of a broader rollout. Beeline Loans, another subsidiary, is set to launch its full cryptocurrency token funding platform nationally in early August 2025. Beeline Title will provide the title and closing services for each transaction unless borrowers elect to use an outside title company.

Importantly, Beeline Title will open this platform to all mortgage lenders, giving them access to a cryptocurrency token transaction reconciliation, compliance, and disbursement solution.

Liuzza said its team built Linear Title, a privately held title agency in the U.S., before merging with Real Matters and going public on the Toronto Stock Exchange (TSX).

Through 2019, they closed over one million title transactions across all 50 states, and this new platform is an extension of that expertise tailored to the next generation of mortgage transactions.

In the first week of June, Beeline announced it was launching a debt-free home equity access product using stablecoins. This product offers cash without monthly payments or interest.

The product, set for full launch in July, aims to boost Beeline’s revenue growth and profitability starting in the fourth quarter of 2025.

Price Action: BLNE stock closed higher by 29.1% at $1.42 on Tuesday.

Read Next:

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