Nevada King Gold Business Summary

Nevada King Gold Corp. (NKGFF) is a mineral exploration and development company primarily focused on its 100%-owned Atlanta Gold Mine Project, a past-producing open-pit site located in the Battle Mountain Trend of eastern Nevada. The company operates as a pre-revenue junior explorer, generating shareholder value through the systematic expansion of its NI 43-101 compliant resource, which currently exceeds 1.1 million ounces of gold. Its business model centers on the discovery and de-risking of high-grade, near-surface oxide gold and silver deposits, utilizing a "conveyor belt" exploration strategy to advance satellite targets like Silver Park East and Western Rim toward resource status. Nevada King competes directly with other Nevada-focused developers such as i-80 Gold Corp, Centerra Gold (Goldfield Project), Western Exploration Inc., and Nevada Sunrise Metals. Within this landscape, Nevada King distinguishes itself by maintaining one of the highest-grade oxide gold resources in the United States, positioning it as a premium acquisition target for mid-tier and major producers seeking low-complexity, high-margin heap leach assets in a Tier-1 jurisdiction. The leadership team is led by CEO John Sclodnick, who was appointed in August 2025 and brings over a decade of mining equity research experience from Desjardins Capital Markets. The company was founded by Chairman Collin Kettell, a prominent resource entrepreneur known for co-founding New Found Gold Corp. and Palisades Goldcorp Ltd. Supporting the executive suite is CFO Jeff Stieber, a Certified Public Accountant with nearly 20 years of experience at major Nevada operators including Hycroft Mining and Klondex Mines, and VP of Exploration Justin Daley, who specializes in caldera-related gold systems. The board features significant industry pedigree, including independent director William Hayden, a geologist with a 38-year tenure involving the Ivanhoe Group, and Michael Doolin, current COO of Americas Gold and Silver. Notable institutional backing includes positions from Franklin Resources, DWS Investment Management, and Spartan Fund Management, reflecting strong market confidence in the company's technical and capital markets expertise.