NSJ upsizes flow-through raise for its New Brunswick antimony ground

On September 1, 2026, NSJ Gold Corp. said it would increase a flow-through financing to up to C$2,625,000 — that’s up to 8,750,000 shares at C$0.30 each. Flow-through shares are a Canadian tax structure that lets buyers write off exploration spending, so the money is earmarked for work in the ground. A first tranche already closed in mid-August: C$1,065,850 of flow-through plus C$511,500 of hard dollars, with C$54,925 in finders’ fees to small regional brokers. That is the whole event. This is a financing announcement, not an exploration result.

Here is the mechanism, and it is thin. The cash funds work on Antimony 2.0, a New Brunswick property that sits on the same Silurian greywacke-argillite rock package as the past-producing Lake George antimony mine, about 15 km away, and hosts three antimony soil anomalies. Soil anomalies are surface chemistry — dirt that tests high for metal — not proof of anything below. Nearology to an old mine is a reason to look, not evidence of a deposit. There are no drill holes, no intercepts, no assays, so there is nothing to run a gram-meter calculation against. The team is led by founder Jag Sandhu, who has held insider roles across at least nine listed micro-caps with no publicly verifiable mine-built or material exit; VP of Exploration Dallas Davies, P.Eng., who worked on the 1980s Lake George feasibility study, is the one documented technical credential. As of May 2026 third-party data showed one employee. Against all that, the stock ran up 266.7% over three months to C$0.55 while the base-metals peer index (XBM.TO) shed 7.8% — outperformance that is company-specific, not a sector-wide move.

Watch the stated next steps: closing the upsized flow-through tranche, interpreting the 258 line-km aeromagnetic and VLF-EM survey completed August 26 to map structures that might control antimony, and starting field work. No timing was given for any of these. The honest caveats: this is a financing release with no drill results, intercepts, or assays; the only exploration evidence is three soil anomalies at surface; the Lake George link is proximity, not a deposit; and no qualified person report accompanies this release, as it is a financing announcement with no exploration results to certify. The company was originally a gold play in Arizona before pivoting to antimony in New Brunswick.

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