New Found Gold Corp.
For the period ended Oct 22, 2026. Filed Oct 22, 2026.
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Oct 22, 2026 · Filed Oct 22, 2026
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EX-99.1 · Next Steps
Next Steps
The Technical Report pertaining to the updated MRE and PEA will be filed on the Company's website, under its SEDAR+ profile and on EDGAR within 45 days of this news release.
The Company is currently conducting a 2026 drill program focused on de-risking, discovery and growth.
Following release from the EA process, the Company plans to apply for and obtain a range of provincial and federal permits and work with the province to obtain a Surface and Mining Lease through mid-2027.
Once subsequent permits are received, key milestones for the Company include:
Expansion of Pine Cove to 1,400 tpd capacity for completion in Q4/27
Mobilization of contractors at Queensway in Q1/27
Early works at the Queensway site expected to begin in Q2/27 to include clearing, grubbing, removal of overburden, building of the sound berm, site roads, and water management facilities
Pending receipt of all required permits, mining is anticipated to begin in Q3/27 to build a stockpile for delivery to the Off-site Mill starting in Q4/27.
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