Business
Torex Gold Resources Completes its Option of Medicine Springs; Northern Lights Resources Retains 1% Royalty
Vancouver, BC – TheNewswire - March 9, 2026 – Northern Lights Resources Corp. (CSE: NLR) (OTC: NLRCF),(“Northern Lights” or the “Company”) is pleased to announc
About this update from Northern Lights Resources Corp
[{"type":"text","content":"Vancouver, BC – TheNewswire - March 9, 2026 – Northern Lights Resources Corp. (CSE: NLR) (OTC: NLRCF),(“Northern Lights” or the “Company”) is pleased to announce that Torex Gold Resources Inc. (TSX: TXG) has exercised its option to acquire a 100% interest in the Medicine Springs project (the “Project”) located in Nevada, USA. Northern Lights will retain a 1% Net Smelter Return (“NSR”) royalty on the Project, providing exposure to potential future production with no further capital commitments. The NSR royalty includes a buydown provision, allowing Torex to reduce the royalty to 0.5% upon payment of US$2.5 million to Northern Lights. The Project has been the subject of extensive historical exploration, including significant drilling by previous operators. This work identified the potential for silver, lead, zinc, copper, and gold mineralization hosted within multiple mineralization styles, including carbonate replacement deposit (CRD), porphyry, and skarn systems. Luka Capin, Chief Executive Officer of Northern Lights, commented: \"Medicine Springs has come a long way since the Company originally optioned the property in 2017. We are pleased to see Torex advance the project, and we believe the strength of their technical team and proven ability to develop major mining projects positions Medicine Springs for meaningful advancement. Retaining a royalty interest allows Northern Lights shareholders to benefit from the long-term potential of the project while we remain focused on advancing our core assets.\" Qualified Person Steven McMullan, P. Geo. supervised the preparation of and reviewed and approved the scientific and technical information contained in this news release. Mr McMullan is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. For Further Information Luka Capin, Chief Executive Officer Email: [email protected] Tel: +1 647 625 8669 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...