The transformative pivot to gold mining is now fully executed. Monitor for exploration updates, initial resource estimates, and any shareholder votes on the proposed reverse split and authorized share increase. The contingent value mechanism creates a potential overhang but is capped at 10% dilution.
Price Chart
Executive Summary
Nu-Med Plus (NUMD) completed the acquisition of six gold mineral properties in Canada from MegumaGold Corp. and its subsidiaries, paying 500,000 Series A Preferred Shares (convertible into 10M common shares) and granting 5.0% net smelter returns royalties on each property. This closes the second leg of the company's transformative pivot from medical devices to gold mining, following the July 2026 acquisition of Avid Gold Ltd. The deal is now fully executed with no cash consideration, but the contingent value mechanism guarantees the vendor at least $3M in proceeds over three years, creating potential future dilution capped at 10% of outstanding common stock.
Key Financial Metrics
Key Facts
- Completed acquisition of six gold mineral properties (Elmtree, Newfoundland, Killag, Goldenville, Miller Lake, Caribou) in Nova Scotia, New Brunswick, and Newfoundland and Labrador, Canada.
- Consideration: 500,000 Series A Preferred Shares (convertible into 10M common shares) plus 5.0% NSR royalties on each property.
- MegumaGold shareholders approved the deal with ~84.5% voting in favor.
- Contingent value mechanism: if MegumaGold receives <$3M from share sales by 3rd anniversary, NUMD must issue additional common shares (capped at 10% of outstanding).
- No cash proceeds received by NUMD from the share issuance; shares issued under Regulation S exemption.
- Prior mineral property option agreement (Dec 2025) was terminated at closing.
Financial Impact
Acquisition of six gold properties for 500,000 Series A Preferred Shares (convertible into 10M common shares) and 5.0% NSR royalties. Contingent value guarantee of at least $3M to vendor over 3 years, potentially requiring additional share issuance capped at 10% of outstanding common stock.
Risk Factors
- Pre-revenue gold exploration company with no current production or cash flow from mining operations.
- Potential future dilution from contingent value mechanism if NUMD stock price does not appreciate sufficiently.
- OTC listing with low liquidity and high volatility typical of micro-cap exploration companies.
- Shareholder votes still required for reverse split, authorized share increase, and redomicile to Nevada.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001575872-26-000609 |
| Document: 0001575872-26-000609-index.html | 0001575872-26-000609 |
| Document: 0001575872-26-000609.txt | 0001575872-26-000609 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $0.007200 $0.007200 | · 0.00% | ▲ +0.53% | $0.007200 (+0.00%) |
Aug 25, 2026 8w ago | 8-K | $0.0244 $0.0230 | ▼ −5.74% | ▼ −5.76% | $0.007200 (−70.49%) |
Jun 30, 2026 16w ago | 8-K | $0.0116 $0.0130 | ▲ +12.26% | ▲ +12.40% | $0.007200 (−37.93%) |
US Market Status
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