Northstar Gold Corp. Announces $4 Million Digital Co-Investment to Advance Cam Copper and Novamera's Surgical Mining

Executive Summary

• Northstar Gold Corp. received approval to access up to $4.0 million in co‑investments from DIGITAL – Canada’s Global Innovation Cluster for its Cam Copper Surgical Mining project.
• The approved funding includes an initial reimbursement of approximately $300,000 expected by mid‑April 2026 and represents about 30% of the project's total approved expenditures (~$11 million).
• Northstar also granted 11,250,000 stock options at an exercise price of $0.08, with half vesting immediately (subject to a four‑month hold) and the remainder on annual anniversaries.

Key Details

• Co‑investment Funding: Up to $4.0 M total; under DIGITAL’s Future of Mining and Energy (“FoME”) program, Northstar expects up to $1.8 M net (≈30% of $11 M project budget).
• First Reimbursement: Approximately $300,000, payable on or before mid‑April 2026, contingent on partner confirmations and final DIGITAL approvals.
• Project Scope: Application of Novamera’s Surgical Mining™ technology at Northstar’s 100% owned Cam Copper Project (near Kirkland Lake, Ontario) to produce direct‑shipping copper mill feed with reduced waste, surface disturbance, capital intensity, and permitting timelines.
• Consortium Partners: Novamera Inc., Micon International Limited, and Northstar Gold Corp.
• Project Phasing: Focus on advanced subsurface imaging, real‑time orebody modelling, metallurgical validation, and regulatory engagement under Ontario’s critical minerals framework.
• Stock Option Grant: 11,250,000 options to directors, officers, employees, and consultants; exercise price $0.08; five‑year term; 50% vest immediately (subject to a statutory four‑month hold), remainder on grant‑date anniversary each year.
• CEO Quote: “This co‑investment represents an important execution milestone as we advance the Cam Copper Surgical Mining™ pilot toward permitting and potential deployment.” – Brian Fowler, President & CEO.

Notable Quotes

“Partnering with Novamera, Micon, and DIGITAL positions Northstar at the forefront of next‑generation mining technologies while maintaining a disciplined, capital‑efficient development strategy.” – Brian Fowler, President, CEO and Director, Northstar Gold Corp.