Natbridge Resources extends LOI with Teras Resources

Executive Summary

• Natbridge Resources Ltd. announced a second extension of its binding LOI 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; both parties continue working toward finalizing the definitive agreement.

Key Details

• Extension represents the second amendment following prior releases on August 11, 2025 and September 24, 2025.
• Original LOI was executed on August 7, 2025.
• The extension solely adjusts the target date for signing a definitive agreement; all other provisions (price, earn‑out, due diligence periods, etc.) stay in full force.
• No new financial terms, earn‑outs, or contingent payments were introduced.
• Natbridge reiterates its strategic focus on acquiring gold resources that qualify for the NatGold Digital tokenization ecosystem.

Notable Quotes

(No direct quotes were provided in the release.)