NatBridge Resources Announces Extension of Binding Letter of Intent for Cahuilla Gold Project Acquisition

Core Viewpoint - NatBridge Resources Ltd. has extended its binding Letter of Intent with Teras Resources Inc. for the acquisition of the Cahuilla Gold Project, reflecting a commitment to advance the project and align with its strategy in the gold resource sector [1][3]. Transaction Overview - The deadline for entering a definitive agreement for the purchase of the Cahuilla Gold Project subsurface rights has been extended to September 26, 2025, while all other terms of the original LOI remain unchanged [2][9]. - The acquisition involves obtaining 100% of the subsurface mineral rights for Parcels 45 and 46, which contain an indicated resource of 122,211 ounces of gold at a 0.005 oz/ton cut-off [4][9]. Project Details - The Cahuilla Gold Project spans approximately 1,680 acres in Imperial County, California, with a focus on Parcels 45 and 46, which are wholly owned by Teras Resources [4]. - The indicated resource for Parcel 45 is 50,251 ounces of gold and 511,227 ounces of silver, while Parcel 46 has 71,960 ounces of gold and 858,856 ounces of silver [14]. Assessment Report - An independent assessment report by Capps Geoscience LLC confirmed Teras Resources' ownership and title to the parcels, and validated the mineral resource estimates [5][6]. - The assessment was based on a comprehensive database of 441 drill holes, confirming the integrity of the resource estimate [14]. Strategic Positioning - NatBridge aims to build a portfolio of gold properties that meet the tokenization requirements set by NatGold Digital Ltd., positioning itself at the forefront of sustainable, blockchain-powered gold resource management [3][11]. - The company's strategy focuses on the supply side of NatGold Digital's digital gold tokenization ecosystem, which aims to redefine gold's value capture through eco-friendly processes [11].