Nevada King Gold Corp (CVE: NKG) (OTCMKTS: NKGFF) announced that the TSX Venture Exchange approved its promotion from Tier 2 to Tier 1 issuer status, effective October 20, 2025.
The upgrade marks a milestone for the company, recognizing its financial strength, project progress, and overall stability within the junior mining sector.
Chief executive officer John Sclodnick said the new status reflects Nevada King’s solid balance sheet and growing credibility in the investment community. He added that the recognition supports the company’s ongoing work at its flagship Atlanta Gold Mine project and shows the value of its long-term exploration strategy.
The TSX Venture Exchange separates listed companies into tiers based on size, financial performance, and project advancement. Tier 1 represents the exchange’s most established firms, those with strong capital resources and advanced development programs. The change further signals that Nevada King has matured beyond the early exploration stage and now ranks among the more advanced issuers on the TSX-V.
Nevada King owns 100 per cent of the 130-square-kilometre Atlanta Gold Mine project in Lincoln County, southeast Nevada. In addition, the site lies on the Battle Mountain trend, one of the state’s most productive gold belts with several past and current producers. Additionally, the former open-pit mine also contains a National Instrument 43-101 compliant resource of 1.02 million ounces of gold in the measured and indicated category and 99,000 ounces inferred.
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Nevada gold production operates at a premium
These estimates appear in the technical report prepared by RESPEC, effective September 6, 2024, and dated July 18, 2025. Market observers often view Tier 1 status as a sign of strong governance and improved access to funding. Consequently, the designation could draw new investor interest as Nevada King continues to expand and develop its Atlanta property.
Nevada remains one of the world’s premier gold-producing regions, even as attention shifts toward critical minerals like rare earths. Furthermore, the state’s rich geology, well-established mining infrastructure, and supportive regulatory environment continue to attract both major and mid-tier companies.
Recently, Nevada Gold Mines, a joint venture between Barrick Mining Corp (TSE: ABX) (NYSE: B) and Newmont Corporation (TSE: NGT) (NYSE: NEM) (FRA: NMM), received federal recognition under the FAST-41 permitting program. The designation is designed to speed up reviews for large-scale mining projects.
However, Nevada’s success is not limited to its biggest players.
Smaller exploration and development firms are also finding opportunity. NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) has delivered strong results at its Limousine Butte property. Further drilling at the property has continued to reveal high-grade gold and antimony. In addition, the project highlights Nevada’s versatility, producing both precious and critical minerals from the same region.
Consequently, the state’s mining landscape remains diverse and resilient. Nevada continues to prove that gold remains a cornerstone of its economy and exploration identity.
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