03:59:33 EDT Tue 10 Mar 2026
Enter Symbol
or Name
USA
CA



Northern Lights Resources Corp (2)
Symbol NLR
Shares Issued 67,988,704
Close 2026-03-09 C$ 0.065
Market Cap C$ 4,419,266
Recent Sedar+ Documents

Northern Lights optionee closes Medicine Springs option

2026-03-10 01:57 ET - News Release

Mr. Luka Capin reports

TOREX COMPLETES ITS OPTION OF MEDICINE SPRINGS; NORTHERN LIGHTS RETAINS 1% ROYALTY

Torex Gold Resources Inc. has exercised its option to acquire a 100-per-cent interest in Northern Lights Resources Corp.'s Medicine Springs project located in Nevada, United States.

Northern Lights will retain a 1-per-cent net smelter return 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 per cent upon payment of $2.5-million (U.S.) 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, 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, PGeo, 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).

About Northern Lights Resources Corp.

Northern Lights 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-per-cent-owned Secret Pass gold project located in Arizona. Northern Lights also holds a 1-per-cent net smelter return royalty on the Medicine Springs silver project in Nevada optioned and operated by Torex Gold.

Northern Lights Resources trades under the ticker of NLR on the Canadian Securities Exchane and on the OTC under the ticker NLRCF.

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