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M&A / Property

NatBridge Resources Announces Second Extension of Binding Letter of Intent for Cahuilla Gold Project Acquisition

By The Northwire Desk — AI Analysis Oct 08, 2025 · 12:46 NATB · 0.31 NatBridge Resources Ltd.
NATB · Price

Executive Summary

  • NatBridge Resources Ltd. announced a second extension of its binding Letter of Intent with Teras Resources Inc. to acquire subsurface mineral rights for the Cahuilla Gold Project in Imperial County, California.
  • The deadline to negotiate and execute a definitive purchase agreement has been moved to October 14, 2025; all other LOI terms remain unchanged.
  • No alterations to transaction consideration or structure have been proposed, indicating continued momentum toward finalizing the acquisition.

Key Details

  • Extension represents the second amendment to the original LOI dated August 7, 2025 (previously announced on Aug 11 and Sep 24, 2025).
  • New target date for entering a definitive agreement: October 14, 2025.
  • All other provisions of the original LOI—including purchase price, payment terms, and rights granted—remain in full force and effect.
  • Both NatBridge and Teras Resources continue to work toward finalizing and executing the definitive acquisition agreement for the Cahuilla Gold Project subsurface rights.
  • No changes to transaction terms or consideration have been announced; the extension is purely a timeline adjustment.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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