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NatBridge to Expand Mineral Claim Base with Binding Letter of Intent for Additional Cahuilla Gold Project Parcels
TMX Newsfile· 2026-01-12 17:30
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 Resources Announces Extension of Binding Letter of Intent for Cahuilla Gold Project Acquisition
Newsfile· 2025-09-24 22:30
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].