
THE GOLD STREAMING PLAY – NEVADA CANYON GOLD CORP (OTCQX: NGLD)
Disseminated on behalf of Nevada Canyon Gold
THE GOLD STREAMING PLAY
NEVADA CANYON GOLD CORP – OTCQX: NGLD
This communication is not an offer to buy or sell securities nor is it to be construed as personal investment advice. Nothing contained in this communication should be relied upon as a promise or representation as to future performance.

Gold has officially shattered the $3,000/oz milestone, solidifying its status as the ultimate safe-have asset in times of economic uncertainty. As inflation concerns mount and geopolitical tensions escalate, investors are flocking to gold-backed opportunities – but not all gold exposure is created equal.
Enter Nevada Canyon Gold Corp. (OTCQX: NGLD) – a company with a different approach to Gold Mining investsing.
Instead of the high-risk, capital intensive world of mining, $NGLD operates in the royalty and streaming sector, securing revenue from active gold projects without the operational burdens. With Nevada ranked among the world’s premier gold jurisdictions, Nevada Canyon Gold Corp. is strategically positioned to capitalize on the gold market’s historic rally while mitigating the risks faced by traditional miners.
As gold soars to new heights, investor focus is shifting towards companies primed to benefit from this momentum – and $NGLD is emerging as a standout player in this evolving landscape.
Why have I added Nevada Canyon Gold Corp. to my long-term investment watchlist?
With a strong management team, a well-positioned portfolio of high-potential assets, and an increasingly favorable macroeconomic environment for gold, $NGLD offers a compelling alternative to direct gold mining investments, with positive potential.
Spartan’s Technical Analysis
NEVADA CANYON GOLD CORP – OTCQX: NGLD
- Spartan’s Idea: Long Speculation $NGLD $1.05 – $1.30 (Starter Position)
- Spartan’s 1st Position Add Area: $1.32
- Spartan’s 1st Technical Resistance: $2.01
- Spartan’s 2nd Technical Resistance: $2.58
Share Structure Overview:
- Float: ~16M
- Shares Outstanding: ~27M
- Insider Ownership: ~30.86%
- Market Cap: $32.4M – as of March 18, 2025
Watching $NGLD for the downtrend break and 50EMA reclaim. With gold at all-time-highs (ATH) this name is lagging behind.
INVESTMENT THESIS
Company Overview
Nevada Canyon Gold Corp (OTCQX: NGLD) leverages a precious metal streaming business model, providing upfront capital to mining operators in exchange for a portion of their future precious metal production. This enables mining companies to fund exploration, development, and expansion without diluting their share structure or incurring debt.
What is a Precious Metal Stream? A precious metal stream is a purchase agreement where an investor provides upfront capital for the right to purchase a percentage of their gold production at a fixed, below-market price (often 80% below the market price). This model provides predictable cash flow and significant profit margins when gold prices rise.
For example, Nevada-based streaming companies have an average cash cost of $400 per gold equivalent ounce (GEO), netting cash operating margins exceeding ~$2,000 per ounce.
Why Nevada? The Premier Mining Jurisdiction
- Stable & Pro-Mining Regulatory Environment – Unlike mining operations in politically unstable regions, Nevada provides regulatory certainty and a streamlined permitting process.
- Infrastructure & Skilled Workforce – Nevada has well-developed mining infrastructure, from roads to processing facilities, as well as a deep talent pool of experienced mining professionals.
- High-Quality Geology – The state is home to multiple world-class gold districts, including the prolific Carlin Trend, which has produced over 255 million ounces of gold to date.
- Stable & Pro-Mining Regulatory Environment – Unlike mining operations in politically unstable regions, Nevada provides regulatory certainty and a streamlined permitting process.
By focusing on royalty and streaming assets in Nevada, $NGLD ensures its portfolio is positioned in a tier-one mining jurisdiction with long-term production potential.
Nevada Canyon Gold’s Asset Portfolio: Strong Upside Potential
Exploration Accelerator Projects
Nevada Canyon Gold’s “Exploration Accelerator Model” focuses on acquiring undervalued or underdeveloped mineral properties, investing in exploration, and ultimately monetizing them through partnerships, joint ventures, or royalty retention. These projects are located in high-potential, historically productive gold districts.
1. Loman Project (Mineral County, Nevada)
- Location: Walker Lane Shear Zone, Nevada
- Size: 600-acre past-producing gold and copper project
- Highlights: Located near the Pamlico Project and multiple historic gold mines, this property has strong geological indicators of high-grade mineralization. Phase I exploration has been completed, including reconnaissance prospecting, geological mapping, and surface sampling.
2. Swales Property (Elko County, Nevada)
- Location: Carlin Trend, Nevada—one of the world’s most prolific gold-producing regions
- Size: 40 unpatented mining claims covering 800 acres
- Highlights:
- Located near Nevada Gold Mines’ Goldstrike Mine (~100M ounces produced)
- Geological setting highly favorable for Carlin-type gold deposits
- Phase I exploration included prospecting, mapping, and surface sampling, with Phase II planned for geophysical surveys
3. Agai-Pah Property (Mineral County, Nevada)
- Location: Walker Lane Shear Zone, Nevada
- Size: 400 acres of unpatented mining claims
- Historical Significance: Property has a history of high-grade silver, copper, gold, lead, and zinc mining
- Current Exploration: Initial programs included geological mapping and surface sampling, with potential for expansion
4. Belshazzar Property (Boise County, Idaho)
- Location: Quartzburg Mining District, Idaho
- Historical Significance: A past-producing high-grade gold deposit with extensive underground workings
- Potential: Features multiple past-producing veins with modern exploration potential, with room for resource expansion
Royalties & Streaming Portfolio
In addition to its exploration projects, $NGLD holds a diverse royalty and streaming portfolio in high-value gold districts, ensuring long-term revenue potential while avoiding the capital expenditures of direct mining.
1. Lapon Canyon Royalty (Walker Lane, Nevada)
- Operator: Walker River Resources Corp.
- Royalty: 3% NSR (Net Smelter Return) royalty
- Project Highlights:
- High-grade epithermal gold system
- Drill results include 77 g/t Au over 4.5m and 122m at 1.89 g/t Au, showing both high-grade veins and bulk-tonnage potential.
2. Palmetto Royalty (Walker Lane, Nevada)
- Operator: Smooth Rock Ventures Corp.
- Royalty: 2% NSR
- Project Highlights:
- Existing Inferred Resource of ~353,000 oz AuEq (1.0 g/t Au)
- Potential for expansion to 1M oz with further drilling
3. Pikes Peak Royalty (Walker Lane, Nevada)
- Operator: Walker River Resources Corp.
- Royalty: 2% NSR
- Project Highlights:
- Early-stage gold-copper project with high-grade rock samples (up to 9 g/t Au and 2.2% Cu)
- Potential for large-scale porphyry system
4. Olinghouse Royalty (Washoe County, Nevada)
- Operator: Lake Mountain Mining LLC
- Royalty: 1% production royalty
- Project Highlights:
- Past-producing mine with a historic resource of ~695,000 oz gold
- Located 30 miles from Reno, with potential for resource expansion and future production restart
5. Lapon Canyon Stream Exploration Earn-in (Walker Lane, Nevada)
- Operator: Walker River Resources Corp.
- Structure: Up to 50% earn-in agreement through $5M in funding over three years
- Project Highlights:
- $NGLD gains exploration control to advance the project, define resources, and conduct economic assessments
- Includes an exclusive royalty agreement for long-term revenue upside

Valuation & Exit Strategy: Unlocking True Shareholder Value
As Nevada Canyon Gold Corp’s assets continue to mature, one can only assume that $NGLD plans to package its portfolio for acquisition by industry leaders like Franco-Nevada (NYSE: FNV), Wheaton Precious Metals (NYSE: WPM), and Royal Gold (NASDAQ: RGLD) or through individual asset sales to miners expanding production.
Major royalty firms seek established or near-production royalties, making Nevada Canyon Gold Corp’s growing portfolio a potential acquisition target. This may provide a high-return potential for early investors as the company’s value is driven by asset appreciation rather than costly mine development, providing a lower risk exist strategy compared to traditional mining investments.
Additionally, by retaining select royalties, Nevada Canyon Gold Corp has the potential to generate sustainable long-term cash flow and even future dividend payouts, offering investors both near-term upside and lasting value creation in a rising gold market.
By maximizing royalty value and targeting strategic buyouts, $NGLD is positioning itself as a premier growth opportunity in the gold royalty sector.
Technicals
Watching $NGLD for the downtrend break and 50EMA reclaim. With gold at all-time-highs (ATH) this name is lagging behind.
Conclusion
Nevada Canyon Gold Corp (OTCQX: NGLD) offers a lower risk exit strategy compared to traditional mining investments. By focusing on royalty and streaming acquisitions, $NGLD avoids the high costs and operational risks of mining while benefiting from the gold sector’s continued growth.
As a growth-stage royalty and streaming company, Nevada Canyon Gold has the potential to deliver value creation as its assets mature. Investors looking for high-margin exposure to gold without the operational risks of mining should consider $NGLD as a strategic play on the ongoing $3,000/oz gold bull market.
NEVADA CANYON GOLD CORP – OTCQX: NGLD
- Spartan’s Idea: Long Speculation $NGLD $1.05 – $1.30 (Starter Position)
- Spartan’s 1st Position Add Area: $1.32
- Spartan’s 1st Technical Resistance: $2.01
- Spartan’s 2nd Technical Resistance: $2.58
Share Structure Overview:
- Float: ~16M
- Shares Outstanding: ~27M
- Insider Ownership: ~30.86%
- Market Cap: $32.4M – as of March 18, 2025
Spartan (aka ‘Chris’)


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