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Nevada Gold Project Clears Major Exchange Milestone as 100% Ownership Path Advances

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Toogood Gold Corp. (TGC:TSXV; TGGCF:OTCQB) received TSX Venture Exchange approval for its option agreement on the Table Mountain Gold-Silver Project, triggering the first share issuance and advancing its path to earn a 100% interest in the Nevada property.

Toogood Gold Corp. (TGC:TSXV; TGGCF:OTCQB) announced that it has received TSX Venture Exchange approval for the exploration lease and option to purchase agreement dated May 26, 2026 covering the Table Mountain Gold-Silver Project in Lincoln County, Nevada. The approval relates to the agreement between the company's wholly owned subsidiary, Toogood Gold (US) Inc., GenEx Exploration Inc., Orogen Royalties Inc. (OGN:TSXV; OGNNF:OTC), and Altius Resources Inc. (a subsidiary of Altius Minerals Corp. (ALS:TSX)), under which Toogood Gold (US) has been granted the exclusive option to acquire a 100% interest in the project, subject to a net smelter returns royalty.

Following receipt of TSX Venture Exchange approval, the company issued an aggregate of 1,000,000 common shares at a deemed price of US$0.10 per share. Of those shares, 500,000 were issued to GenEx Exploration Inc., and 500,000 were issued to Altius Resources Inc. in accordance with the option agreement. The company also paid an expense reimbursement of US$31,791, inclusive of CA$30,000 previously advanced, to the Canadian optionors for staking costs incurred on its behalf.

Under the terms of the option agreement, Toogood Gold is required to issue a total of 16,683,431 common shares to GenEx Exploration Inc. to exercise the option. The initial issuance of 1,000,000 shares represents the first share payment. The remaining payments consist of 3,500,000 common shares on or before six months from the date of TSX Venture Exchange approval, 5,500,000 common shares on or before the first anniversary of the approval date, and 6,683,431 common shares on or before the second anniversary of the approval date.

The option agreement also provides for a 3.0% net smelter returns royalty on the project. The company may repurchase 0.5% of the royalty for a one-time cash payment of US$5,000,000 at any time until the fourth anniversary of the recordation of the deed following exercise of the option. An additional 0.5% may be repurchased for a one-time cash payment of US$15,000,000 after delivery of a prefeasibility study or feasibility study prepared in accordance with National Instrument 43-101. The agreement states that exercising the first buydown right is not required to exercise the second. If both buydown rights are exercised, the royalty would be reduced to 2.0%.

Gold Sector Continued to Draw Attention as Monetary and Inflation Themes Evolved

As of the morning of July 17, the live spot price of gold stood at US$4,010.99 per ounce, up US$27.61, or 0.69%, over the previous 24 hours. Silver traded at US$56.24 per ounce, while platinum was quoted at US$1,603.00 per ounce and palladium at US$1,277.50 per ounce. According to the live market data, the gold price also equated to US$128.96 per gram and US$128,956.48 per kilogram.

According to Ronnie Stoeferle in a July 15 article, gold's role within the financial system had continued to evolve through what he described as a gradual process of remonetization rather than a return to a traditional gold standard. He wrote that "gold regains monetary relevance. Not necessarily as money in the strict sense, but certainly as the ultimate reference asset for value, trust, and settlement."

Stoeferle argued that the process was occurring "not through revolution, but through evolution; not a sudden fanfare, but a steadily rising crescendo." He added that "gold is not moving to the center of the system. Rather, driven by fiscal exhaustion, geopolitical fragmentation, and dwindling institutional trust, the system is moving toward gold."

The report identified several trends that it said were supporting gold's renewed monetary role. According to Stoeferle, central banks, institutions and private investors had increasingly viewed gold as a reserve asset and store of value, while developments such as tokenization and gold-backed financial instruments had expanded its potential applications. He also wrote that "gold is the only major reserve asset without issuer risk" and described it as "the ultimate reference asset for value, trust, and settlement."

Stoeferle further stated that "the vectors do not act in isolation but reinforce one another," adding that "remonetization is thus not a binary event but a gradual phase transition." He concluded that "gold is not becoming more relevant because it has been modernized. It is becoming more relevant because the weaknesses of the alternatives are becoming apparent."

Writing on July 14, Stewart Thomson discussed factors affecting the gold market, arguing that broader macroeconomic conditions rather than interest rate expectations had shaped recent price movements. "Gold doubled against U.S. fiat (from US$2000 to US$4000) while rates went from near-zero to 5%," he wrote, adding that "the mainstream media narrators have the story all wrong."

Thomson also pointed to changing patterns in physical demand and government activity. He wrote that "about 40-70 tons per month of gold demand are now gone from the global market due to new Indian government tariff taxes," while noting that "some central banks have stopped buying gold. Others are selling it outright" as they sought liquidity during economic disruptions.

Looking more broadly at market conditions, Thomson stated that "inflation, war, a wildly overvalued stock market, horrific debt, and empire transition dominate the investing landscape." He also wrote that "once investors understand the real drivers of gold in the current market, they can ignore the silly catcalls of the mainstream media narrators."

Technical Analyst Sees Upside as Exploration Story Expands

1Technical analyst John Newell of John Newell & Associates described Toogood Gold as "a high-grade exploration company with multiple paths to value creation" in a February 13 research report. He assigned the company a Speculative Buy rating, citing the expanding Quinlan Gold Discovery, recent land consolidation, and a growing district-scale exploration opportunity in Newfoundland.

Newell wrote that the company's "current valuation appears to reflect early-stage status rather than a lack of geological substance," adding that the capital structure "preserves leverage to exploration success while avoiding excessive dilution."

From a technical perspective, Newell said the stock appeared to be completing a prolonged basing pattern following its 2024 correction. He identified the CA$0.20 to CA$0.21 range as the first significant resistance level and wrote that "a sustained move above this level would serve as confirmation that the base has resolved to the upside." He outlined subsequent technical price targets near CA$0.24, CA$0.33, and CA$0.45, corresponding to prior congestion zones and previous highs.

Newell concluded, "For investors who understand the risks associated with junior exploration... Toogood Gold Corp. is considered a Speculative Buy, offering leverage to high-grade discovery potential in a Tier-1 jurisdiction."

Gold Exploration Milestones at the Table Mountain Gold-Silver Project

The company's April 2026 corporate presentation states that the Table Mountain Gold-Silver Project is a district-scale, undrilled low-sulphidation epithermal gold system in Nevada, where Toogood Gold holds an option to earn a 100% interest. The presentation describes the project as covering a 4-kilometer by 2-kilometer alteration footprint with multiple exposed gold-silver veins, kilometer-scale drill corridors, and no known historical drilling. It also states that first-pass rock sampling returned values of up to 2.6 grams per tonne gold and more than 50 grams per tonne silver.

According to the presentation, the company's exploration strategy for the Table Mountain Gold-Silver Project includes property-wide geological and structural mapping, systematic soil sampling, prospecting and rock sampling, drone magnetic and ground gravity surveys, and drill target generation supported by a possible CSAMT geophysical survey. The stated goal is to advance the project toward a maiden drill program targeted for the third quarter of 2026.

streetwise book logoStreetwise Ownership Overview*

Toogood Gold Corp. (TGC:TSVX;TGGCF:OTCQB)

Restructures
Date Old Symbol Old Shares New Symbol New Shares
06/30/25 SMTH.P:TSXV 1 TGC:TSXV 1
*Share Structure as of 7/9/2026

The presentation also outlines ongoing work at the company's Toogood Gold Project in Newfoundland. It states that the property covers 164 square kilometers and more than 28 kilometers of an underexplored trend. Planned work includes regional geochemistry to evaluate the district and extensive surface exploration beginning in the second quarter of 2026. The presentation further notes drill results from the Quinlan discovery and states that visible gold has been observed in 25 of 49 drill holes.

Ownership & Share Information2

Toogood Gold Corp. has a market cap of CA$7.64 million, with 84.84 million shares outstanding. The company's 52-week range is CA$0.09-CA$0.47.

Management & Insiders own 3.05% of shares, and the remaining 96.95% of shares are held by Retail.

Frequently Asked Questions About Toogood Gold's Table Mountain Gold-Silver Project

What did Toogood Gold announce?

Toogood Gold Corp. announced that it received TSX Venture Exchange approval for its exploration lease and option to purchase agreement covering the Table Mountain Gold-Silver Project in Lincoln County, Nevada. The approval allows the company to move forward under the terms of its option agreement.

Where is the Table Mountain Gold-Silver Project located?

The Table Mountain Gold-Silver Project is located in Lincoln County, Nevada. Under the approved agreement, Toogood Gold (US) Inc., the company's wholly owned subsidiary, has the exclusive option to acquire a 100% interest in the project, subject to a net smelter returns royalty.

What does the TSX Venture Exchange approval mean?

The TSX Venture Exchange approval confirms the company's option agreement and enables Toogood Gold to complete the first required share issuance under the transaction. The approval is one of the required steps outlined in the option agreement.

How much of the Table Mountain Gold-Silver Project can Toogood Gold earn?

The agreement gives Toogood Gold (US) Inc. the exclusive option to acquire a 100% interest in the Table Mountain Gold-Silver Project, subject to the net smelter returns royalty described in the agreement.

How many shares has Toogood Gold issued under the option agreement?

Following TSX Venture Exchange approval, Toogood Gold issued 1,000,000 common shares at a deemed price of US$0.10 per share. The shares were divided equally between GenEx Exploration Inc. and Altius Resources Inc. as the first share payment required under the agreement.

How many additional shares must Toogood Gold issue to complete the option?

To exercise the option, Toogood Gold is required to issue a total of 16,683,431 common shares to GenEx Exploration Inc. After the initial 1,000,000-share payment, additional share issuances are scheduled over the following six months, one year, and two years from the date of TSX Venture Exchange approval.

What royalty applies to the Table Mountain Gold-Silver Project?

The option agreement includes a 3.0% net smelter returns (NSR) royalty on the project. The agreement also provides two separate royalty buydown rights that could reduce the royalty to 2.0% if both are exercised.

Can Toogood Gold reduce the NSR royalty?

Yes. Under the agreement, Toogood Gold may repurchase 0.5% of the royalty for a one-time payment of US$5,000,000. A second 0.5% royalty interest may be repurchased for US$15,000,000 after delivery of a prefeasibility study or feasibility study prepared under National Instrument 43-101. If both rights are exercised, the royalty would be reduced from 3.0% to 2.0%.

Who are the parties to the Table Mountain option agreement?

The agreement is between Toogood Gold (US) Inc., GenEx Exploration Inc., Orogen Royalties Inc., and Altius Resources Inc. The TSX Venture Exchange approval relates to this option agreement.

Why is the Table Mountain Gold-Silver Project important to Toogood Gold?

According to the company, the Table Mountain Gold-Silver Project is one of its two core areas of focus. The approved option agreement provides the company with a path to earn a 100% interest in the Nevada project, subject to the terms and royalty provisions outlined in the agreement.


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Important Disclosures:

  1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Toogood Gold Corp. 
  2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
  3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

1. Disclosure for the quote from the John Newell article published on February 13, 2026

  1. For the quoted article (published on February 13, 2026), Toogood Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
  2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.





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