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Northstar Announces Strategic Financing to Advance Surgical Mining of High-Grade Copper at Cam Copper Project
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - Northstar Gold Corp. (CSE: N...
About this update from Northstar Gold Corp. Class A
[{"type":"text","content":"Northstar Announces Strategic Financing to Advance Surgical Mining of High-Grade Copper at Cam Copper ProjectVancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - Northstar Gold Corp. (CSE: NSG) (\"Northstar\" or the \"Company\"), is pleased to announce non-brokered private placements to fund permitting, engineering, and the initial implementation of Novamera Inc.'s Surgical Mining™ system at the Company's 100 %-owned Cam Copper Project, located 18 kilometres southeast of Kirkland Lake, Ontario.The financing provides the initial capital platform to launch Northstar's Cam Copper Zone 2 Surgical Mining™ pilot, being advanced under a definitive Turnkey Surgical Mining Services Agreement (the \"Agreement\") executed with Novamera on October 9, 2025. (Please see Northstar News Release dated October 9, 2025)Financing OverviewThe integrated offering is comprised of three coordinated components (collectively referred to as the \"Offerings\"):Critical Minerals Flow-Through Units - up to $500,000 CAD at $0.06 per unit, each unit consisting of one flow-through share and one non-flow-through warrant exercisable at $0.08 for 24 months.Non-Flow-Through Units - up to $1.0 million CAD at $0.05 per unit, each comprising one common share and one warrant exercisable at $0.05 for 24 months.A first-tranche close of approximately $800,000 CAD is expected in the near term, led by strategic investors aligned with Northstar's critical-minerals and Surgical Mining objectives.Advance Royalty Units - up to $1.5 million CAD, priced at $25,000 per unit. Each unit includes 300,000 common share purchase warrants exercisable at $0.05 for three years and is secured by a royalty-type interest in Cam Copper free cash flow. Under this structure, 50% of the project's free cash flow will be distributed quarterly to investors until each investor has received a return of up to 4x the accrued principal amount (being the amount invested plus accrued interest), backed by cash flow from commercial production from the Cam Copper Project. The investment will accrue interest at a rate of 10% per annum for a maximum of three years. Investors may, at any time, prior to the commencement of commercial production at the Cam Copper mine, convert their outstanding accrued investment balance into common shares at C$0.08 per share, subject to customary stock...