Core Viewpoint - NatBridge Resources Ltd. has entered into a Binding Letter of Intent with Teras Resources Ltd. for the acquisition of three additional parcels of land within the Cahuilla Gold Project, enhancing its mineral rights consolidation efforts [1][2]. Group 1: Acquisition Details - The acquisition involves three deeded parcels that are part of the Cahuilla Gold Project located in Imperial County, California [1]. - The purchase price for the parcels will be based on a previously announced Phase 1 acquisition and will reference a gold resource estimate outlined in a National Instrument 43-101 compliant technical report [2]. Group 2: Company Strategy and Vision - The CEO of NatBridge emphasized the company's commitment to disciplined growth and the consolidation of mineral interests at the Cahuilla project, aiming to deliver long-term benefits to shareholders and stakeholders [2]. - NatBridge is focused on the supply side of NatGold Digital's digital gold tokenization ecosystem, positioning itself at the intersection of gold investment, sustainable investing, and asset tokenization [5]. Group 3: Technical Report and Regulatory Compliance - NatBridge has contracted Capps Geoscience LLC to prepare the required Technical Report, which will be submitted to the British Columbia Securities Commission for review [3]. - The completion of the transaction is contingent upon customary conditions, satisfactory due diligence, and regulatory approvals [4].
NatBridge to Expand Mineral Claim Base with Binding Letter of Intent for Additional Cahuilla Gold Project Parcels
TMX Newsfile·2026-01-12 17:30