Mr. Alexander McAulay reports
NEWPATH RESOURCES ANNOUNCES TERMINATION OF NORTHSHORE OPTION AGREEMENT
Newpath Resources Inc. has terminated the mineral acquisition agreement dated Feb. 10, 2025, between Newpath and NatBridge Resources (formerly Great Eagle Gold Corp.) (the purchaser), concerning the proposed acquisition of 100 per cent of the rights, title and interest in and to certain mineral claims included within the Northshore gold property, located in the Thunder Bay mining division in Ontario.
The agreement was terminated as a result of the purchaser's failure to make required payments in accordance with its terms. As a result of the termination, the purchaser has earned no interest in or title to the property and company retains a 100-per-cent interest in and to the property.
For additional information regarding the agreement, please refer to the company's news release dated Jan. 27, 2025.
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