NatBridge Resources Announces Binding Letter of Intent for Property Acquisition

Core Viewpoint - NatBridge Resources Ltd. has entered into a Binding Letter of Intent with Teras Resources Inc. for the acquisition of the Cahuilla Gold project in California, marking a strategic move to enhance its portfolio in the gold resource sector [1][3]. Group 1: Acquisition Details - The Cahuilla property spans approximately 1,680 acres and is located in northwestern Imperial County, California, near Salton Sea Beach [2]. - The acquisition will occur in two phases, with Phase 1 involving the purchase of two parcels containing approximately 12,290,139 tonnes of material with an indicated resource of 122,211 ounces of gold at a cutoff grade of 0.005 oz/ton [4][6]. - Under the terms of the LOI, an initial payment of USD$50,000 is due upon execution, with an additional 10% of the purchase price payable within 60 days of signing a Definitive Agreement [4][5]. Group 2: Future Plans and Resources - Phase 2 of the acquisition includes additional parcels with an indicated resource of approximately 50,702,466 tonnes containing 596,535 ounces of gold at the same cutoff grade [6]. - The parties aim to negotiate a Definitive Agreement for the acquisition within 45 days, contingent upon satisfactory due diligence and regulatory compliance [7]. Group 3: Company Strategy - NatBridge Resources is focused on building a portfolio that meets the tokenization requirements of NatGold Digital Ltd., positioning itself as a key player in the intersection of gold, sustainable investing, and asset tokenization [10].