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Northern Lights closes $2.2M royalty sale and plans shares-for-debt deal to strengthen finances.

Company Fundamentals
09 Apr 2026
TheNewswire
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Bullish
pluang ai news

Northern Lights Resources Corp. completed the sale of its 1% Net Smelter Return royalty on the Medicine Springs Project in Nevada for $2.2 million cash to a subsidiary of Torex Gold Resources. The company also plans to issue up to 1.63 million shares to settle CAD$195,600 of debt, improving its financial position and reducing liabilities. These moves provide non-dilutive capital and allow Northern Lights to focus on its key Canadian exploration projects, Pup and Horetzky. The debt settlement awaits regulatory approval and aims to align stakeholders with the company's long-term growth.

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