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Northstar Gold ( (TSE:NSG) ) has shared an announcement.
Northstar Gold Corp. and its consortium partners have secured approval for up to $4 million in co-investment funding from DIGITAL – Canada’s Global Innovation Cluster for digital technologies, with Northstar eligible for approximately $1.8 million to advance the Cam Copper Surgical Mining for Critical Minerals Project led by Novamera Inc. The funding will support the application of Novamera’s Surgical Mining technology at Northstar’s Cam Copper Project near Kirkland Lake, using large-diameter rotary drilling to selectively extract copper-rich zones with reduced waste, surface disturbance, capital intensity and permitting timelines compared with conventional underground mining, positioning Northstar at the forefront of low-impact, tech-enabled critical minerals extraction. Work at Cam Copper is expected to progress in phases, focusing on advanced subsurface imaging, real-time orebody modelling, metallurgical validation and regulatory engagement, while Northstar has also granted 11.2 million stock options to directors, officers, employees and consultants at an exercise price of $0.08, aligning internal stakeholders with the company’s development plans.
The most recent analyst rating on (TSE:NSG) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Northstar Gold stock, see the TSE:NSG Stock Forecast page.
Spark’s Take on TSE:NSG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NSG is a Neutral.
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and continued cash burn). Technicals provide some support due to a strong uptrend and positive MACD, but extremely overbought readings raise pullback risk. Valuation is constrained by negative earnings and no dividend yield.
To see Spark’s full report on TSE:NSG stock, click here.
More about Northstar Gold
Northstar Gold Corp. is a Canadian mineral exploration and development company focused on advancing its 100%-owned Miller Copper-Gold Property near Kirkland Lake, Ontario, including the near-surface Allied Gold Zone and the high-grade Cam Copper VMS exploration and development projects. The company also holds three additional 100%-owned exploration properties in northern Ontario, targeting gold and copper mineralization in prospective intrusive and VMS settings.
Average Trading Volume: 155,297
Technical Sentiment Signal: Buy
Current Market Cap: C$11.25M
See more insights into NSG stock on TipRanks’ Stock Analysis page.