Newport Gold, Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Anthony McCabe
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 8 Nettleton Court Collingwood ON Canada L9Y 5B9
- IPO Date
- Dec 22, 2006
- CIK
- 0001289223
- Website
- newport.gold
- Similar Companies
- Business
- Newport Gold, Inc. (NWPG) operates as an exploration-stage company focused on the acquisition, exploration, and development of mineral properties, primarily targeting gold, copper, silver, zinc, and lead deposits in the historic Greenwood Mining District of British Columbia, Canada; it also pursues strategic opportunities in energy properties and technology platforms. Founded in 2003 and headquartered in Mississauga, Ontario, Canada, with additional references to Collingwood, Ontario, the company maintains operations centered in Canada. Its core activities encompass geological surveys, drilling programs, and resource assessment on owned mineral claims, alongside opportunistic ventures in GPS-centric mobile discovery platforms for local businesses under initiatives like nearme.cool. The company provides exploration services including property staking, sampling, and assay analysis for precious and base metals; it offers no current production or revenue from mining operations, positioning it as a junior explorer dependent on equity financings and partnerships for advancement. In recent developments, Newport Gold completed the acquisition of Save72 Inc., a Canada corporation operating the nearme.cool GPS search and discovery platform, in May 2023, marking a strategic pivot toward technology integration with mobile geo-fencing, notifications, and local business engagement tools; this included corporate rebranding, platform enhancements, and exploration of revenue streams via advertising and deals. Further, in October 2023 and reiterated into 2025 announcements, the company, doing business as near me Technologies Inc., entered a letter of intent for a strategic partnership with Near Me Marketplaces DBA Platform OS to bolster its website builder and marketplace capabilities for brick-and-mortar sellers; it also engaged Gunpowder Capital Corp. for advisory services. Newport Gold targets institutional and retail investors in the precious metals sector, with geographic focus on Canadian mineral districts and emerging digital markets globally through its tech acquisitions. No major funding rounds or new mineral product launches appear in the last 1-2 years, though the firm reports ongoing platform development and potential mergers amid zero revenue and net losses. CEO Anthony M. McCabe oversees operations, with the company trading on OTC Markets.
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