Business
Northern Lights Resources Medicine Springs NSR Royalty to be Acquired for US$2.2 Million
Vancouver, British Columbia – April 2, 2026 – TheNewswire – Northern Lights Resources Corp. (“Northern Lights” or the “Company”) (CSE: NLR) (OTC: NLRCF) (FSE: 0
About this update from Northern Lights Resources Corp
[{"type":"text","content":" Vancouver, British Columbia – April 2, 2026 – TheNewswire – Northern Lights Resources Corp. (“Northern Lights” or the “Company”) (CSE: NLR) (OTC: NLRCF) (FSE: 0ZH0) is pleased to announce that it has entered into a definitive agreement dated April 1, 2026 (the “Agreement”) with an indirect wholly owned subsidiary of Torex Gold Resources Inc. (“Torex”) for the sale of the Company’s 1% Net Smelter Return (“NSR”) royalty on the Medicine Springs Project (the “Project”), located in Elko County, Nevada, USA, for total cash consideration of US$2,200,000 (the “Transaction”). Luka Capin, Chief Executive Officer of Northern Lights, commented: “This transaction represents a highly attractive monetization of a non-core asset and provides meaningful non-dilutive funding to support advancement of the Company’s higher-impact projects. The sale of the Medicine Springs NSR delivers an excellent outcome for shareholders and further strengthens our financial position as we advance the Horetzky and Pup projects, where we see significant exploration upside. We have followed the evolution of Medicine Springs since originally optioning the project in 2017, and as a project generator it is our mandate to unlock value and redeploy capital toward opportunities that offer the clearest path to value creation.” The Transaction Under the terms of the Agreement, Torex will acquire the Company’s entire NSR royalty interest on the Medicine Springs Project for a cash payment of US$2,200,000. Upon closing, Northern Lights will have no further royalty or other interest in the Project. The Transaction is expected to close in the near term. About Northern Lights Resources Corp. Northern Lights Resources Corp is a growth-oriented exploration and development company advancing three key projects: the Horetzky Copper Project, located in the Babine Porphyry belt of central British Columbia, the Pup Copper Project in the Yukon and the 100% owned, Secret Pass Gold Project located in Arizona. Northern Lights also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada 100% owned by Torex Gold Resources Inc. Northern Lights trades under the ticker of “NLR” on the CSE, “NLRCF” on the OTC, and “0ZH0” on the FSE. This and other Northern Lights Resources news releases can be viewed at www.sedarplus.ca and www.northernlightsresources.com. For Further I...