NatBridge Advances Cahuilla Gold Project With New Parcel LOI and NI 43-101 Update

An announcement from Miza II Resources, Inc. ( (TSE:NATB) ) is now available.

NatBridge Resources has signed a new binding letter of intent with Teras Resources USA to acquire four additional deeded land parcels and an option over three more at the Cahuilla Gold Project in Imperial County, California, completing its Phase 2 parcel acquisition framework. The deal is structured on terms consistent with its earlier Phase 1 parcel framework and is designed to further consolidate subsurface mineral rights at Cahuilla.

The purchase price for the additional parcels will be based on the gold resource estimate in an existing NI 43-101 compliant technical report, while detailed terms for the option parcels will be finalized in definitive agreements. The Phase 2 arrangements do not alter the existing Phase 1 Mineral Rights Purchase Agreement, and closing remains contingent on final contracts, regulatory approvals and other customary conditions.

NatBridge has also engaged Capps Geoscience LLC to prepare a supplemental NI 43-101 technical report requested by the British Columbia Securities Commission, with a draft already under review and a final version to be filed on SEDAR+ once comments are addressed. The continued consolidation at Cahuilla and the pending updated technical report are key steps in strengthening NatBridge’s mineral rights position and regulatory disclosure foundation for future project advancement and potential asset monetization.

More about Miza II Resources, Inc.

NatBridge Resources Ltd. is a publicly traded Canadian company listed in Canada, the United States and Germany, focused on acquiring and advancing gold-prospective mineral properties. Where appropriate, it aims to further explore and develop these assets or monetize qualifying projects, supported by NI 43-101 technical reports, through sale to NatGold Digital Ltd. for tokenization within a patent-pending digital gold tokenization ecosystem.

Technical Sentiment Signal: Sell

Current Market Cap: C$9.44M

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