Northstar Gold Corp. Announces $4 Million Digital Co-Investment to Advance Cam Copper and Novamera's Surgical Mining

Core Viewpoint - Northstar Gold Corp. has received approval for up to $4.0 million in co-investment funding from DIGITAL to support its Cam Copper Surgical Mining for Critical Minerals Project, which aims to utilize innovative mining technology for sustainable mineral extraction [1][2]. Funding and Financials - The project is expected to receive approximately $1.8 million net of fees, representing about 30% of the total project-approved expenditures of approximately $11.0 million [2]. - Northstar anticipates receiving its first reimbursement of eligible project expenditures of around $300,000 by mid-April 2026 [2]. Project Details - The project will apply Novamera's Surgical Mining technology at Northstar's 100%-owned Cam Copper Project in Ontario, focusing on low-impact, precision mining to reduce waste and surface disturbance [3]. - The project aims to generate direct-shipping copper mill feed while minimizing capital intensity and permitting timelines compared to conventional mining methods [3]. Strategic Importance - The co-investment is seen as a significant milestone for Northstar as it advances the Cam Copper Surgical Mining pilot towards permitting and potential deployment [4]. - The project will proceed in phases, focusing on advanced subsurface imaging, real-time orebody modeling, metallurgical validation, and regulatory engagement under Ontario's critical minerals framework [4]. Company Overview - Northstar Gold Corp. is focused on advancing exploration and development of its 100%-owned Miller Copper-Gold Property, which includes the Cam Copper VMS exploration project [6]. - The company has reported exploration target studies indicating potential resources of 75,000 to 140,000 tonnes of copper at grades between 9% and 18% [6].