Raimo Lenschow

Steven Enders

Derrick Wood

Devin Au

Jacob Roberge

Nicholas Altmann

Sanjit Singh

Andrew Sherman

Jake Roberge

Keith Lite

Keith Weiss

Steve Enders

- **NexGold Mining Corp.** has closed a **US$24 million financing** for a 2.9% net smelter returns royalty with Appian Capital Advisory Limited, relating to its 100%-owned Goldboro Gold Project.  **[1441683_25e46ab6625e4d6981e4b6431b9a946b_0]** 
- Proceeds were used in part to retire a **US$12 million credit facility** and buy back a 0.6% royalty, leaving NexGold with no material third-party debt after the transaction.  **[1441683_25e46ab6625e4d6981e4b6431b9a946b_0]** 
- The royalty applies to all minerals produced up to 1,250,000 ounces of gold equivalent, with a buyback option to reduce the royalty to 1.0% for **US$29M within three years** or **US$30.5M within four years** of closing.  **[1441683_25e46ab6625e4d6981e4b6431b9a946b_0]** 
- Appian has a right to negotiate participation in up to 50% of any project financing for three years and a first right of offer on additional streams or royalties during this period.  **[1441683_25e46ab6625e4d6981e4b6431b9a946b_0]**

NexGold closes US$24 million royalty financing with Appian

- Appian's product is considered a **mission-critical platform** by customers, contributing to strong retention rates, and its AI value proposition is resonating in the market, with **50% of new logos** in recent quarters coming from the advanced tier that includes AI features.  **[1441683_tx_372955_1]** **[1441683_tx_372955_7]** **[1441683_tx_372955_8]** 
- The company has seen continued improvements in sales execution, particularly with its move up-market, leading to **improved sales productivity** and the acquisition of **bigger deals** and new logos.  **[1441683_tx_372955_1]** **[1441683_tx_372955_2]** **[1441683_tx_372955_3]** 
- Appian has achieved significant progress in profitability, guiding to an **8% EBITDA margin** for the current year (FY2025), representing an **800 basis points improvement** over the last two years.  **[1441683_tx_372955_12]** 
- The federal government business is growing faster than Appian's overall business, driven by the government's desire to automate and consolidate legacy technologies, which is seen as a **long-term tailwind**.  **[1441683_tx_372955_11]**

Appian Discusses Product Strength, AI Strategy, and Financial Performance

- Appian (NASDAQ: APPN) announced that its **AI-powered platform** enabled MagMutual, a medical malpractice insurer, to transform its operations, addressing challenges from legacy systems and manual workflows.  **[1441683_20250826PH58305:0]** 
- MagMutual's new self-service quoting portal, built with Appian, generated over **$1 million in new revenue** and is estimated to deliver **20% annual revenue growth**.  **[1441683_20250826PH58305:0]** 
- The implementation significantly improved efficiency, reducing complex policy migrations for acquisitions from **three years to one year** and accelerating quoting from weeks to minutes.  **[1441683_20250826PH58305:0]**

Appian's AI Platform Drives Operational Transformation and Revenue Growth for MagMutual

APPIAN (APPN)