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M&A / Property

Northern Lights' Medicine Springs NSR Royalty to be Acquired for US$2.2 Million

By The Northwire Desk — AI Analysis Apr 02, 2026 · 07:30 NLR · 0.07 Northern Lights Resources Corp.
NLR · Price

Executive Summary

  • Northern Lights Resources entered into a definitive agreement to sell its 1% NSR royalty on the Medicine Springs Project to an indirect wholly‑owned subsidiary of Torex Gold Resources for US $2,200,000.
  • The cash proceeds provide non‑dilutive funding to advance higher‑impact projects such as Horetzky and Pup.
  • Transaction is expected to close in the near term, after which Northern Lights will have no further interest in the Medicine Springs Project.

Key Details

  • Transaction Amount: US $2,200,000 cash consideration.
  • Asset Sold: 1% Net Smelter Return (NSR) royalty on the Medicine Springs Project (Elko County, Nevada).
  • Buyer: Indirect wholly‑owned subsidiary of Torex Gold Resources Inc.
  • Closing Timeline: Expected to close in the near term (no specific date disclosed).
  • Impact on Company: Removes all royalty interest in Medicine Springs; proceeds will be redeployed to advance the Horetzky Copper Project (BC), Pup Copper Project (Yukon), and Secret Pass Gold Project (Arizona).
  • CEO Quote: Luka Capin highlighted the transaction as “a highly attractive monetization of a non‑core asset” delivering “meaningful non‑dilutive funding” and strengthening the company’s financial position.

Notable Quotes

“This transaction represents a highly attractive monetization of a non‑core asset and provides meaningful non‑dilutive funding to support advancement of the Company’s higher‑impact projects.” – Luka Capin, CEO, Northern Lights Resources Corp.

Read the original news release →

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