Torex Gold Exercises Option on Northern Lights' Medicine Springs Project
Vancouver, BC — March 9, 2026 — Leads & Copy —
Northern Lights Resources Corp. (CSE: NLR) (OTC: NLRCF) has announced that Torex Gold Resources Inc. (TSX: TXG) has exercised its option to acquire a 100% interest in the Medicine Springs project located in Nevada, USA. Northern Lights will retain a 1% Net Smelter Return (“NSR”) royalty on the Project, providing exposure to potential future production with no further capital commitments.
The NSR royalty includes a buydown provision, allowing Torex to reduce the royalty to 0.5% upon payment of US$2.5 million to Northern Lights.
Luka Capin, Chief Executive Officer of Northern Lights, said Medicine Springs has come a long way since the Company originally optioned the property in 2017.
Capin added the company is pleased to see Torex advance the project, and believes the strength of their technical team and proven ability to develop major mining projects positions Medicine Springs for meaningful advancement.
Capin said retaining a royalty interest allows Northern Lights shareholders to benefit from the long-term potential of the project while they remain focused on advancing their core assets.
The Project has been the subject of extensive historical exploration, including significant drilling by previous operators. This work identified the potential for silver, lead, zinc, copper, and gold mineralization hosted within multiple mineralization styles, including carbonate replacement deposit (CRD), porphyry, and skarn systems.
Steven McMullan, P. Geo. supervised the preparation of and reviewed and approved the scientific and technical information contained in this news release. Mr McMullan is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Northern Lights Resources Corp is a growth-oriented exploration and development company advancing three key projects: the Horetzky Copper Project, located in the Babine Porphyry belt of central British Columbia, the Pup Copper Project in the Yukon and the 100% owned, Secret Pass Gold Project located in Arizona. Northern Lights also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada optioned and operated by Torex Gold Resources Inc.
Northern Lights Resources trades under the ticker of “NLR” on the CSE and on the OTC under the ticker “NLRCF”. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
Source: Northern Lights Resources Corp.
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