--- title: "Northern Lights' Medicine Springs NSR Royalty to be Acquired for US$2.2 Million" type: "News" locale: "en" url: "https://longbridge.com/en/news/281515864.md" description: "Northern Lights Resources Corp. has entered into an agreement to sell its 1% Net Smelter Return royalty on the Medicine Springs Project to Torex Gold Resources Inc. for US$2.2 million. CEO Luka Capin stated that this transaction will provide non-dilutive funding for the company's key projects, enhancing its financial position. The sale is expected to close soon, and Northern Lights will no longer hold any interest in the Medicine Springs Project." datetime: "2026-04-02T11:30:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281515864.md) - [en](https://longbridge.com/en/news/281515864.md) - [zh-HK](https://longbridge.com/zh-HK/news/281515864.md) --- # Northern Lights' Medicine Springs NSR Royalty to be Acquired for US$2.2 Million (TheNewswire) Vancouver, British Columbia – April2, 2026 – TheNewswire– Northern Lights ResourcesCorp. (“Northern Lights” or the “Company”) (FSE: 0ZH0) is pleased to announce that it has entered into a definitive agreement dated April 1, 2026 (the “Agreement”) with an indirect wholly owned subsidiary of Torex Gold Resources Inc. (“Torex”) forthe sale of the Company’s 1% Net Smelter Return (“NSR”) royaltyon the Medicine Springs Project (the “Project”), located in ElkoCounty, Nevada, USA, for total cash consideration of US$2,200,000 (the“Transaction”). Luka Capin, Chief Executive Officer of Northern Lights,commented: “This transaction represents a highly attractivemonetization of a non-core asset and provides meaningful non-dilutivefunding to support advancement of the Company’s higher-impactprojects. The sale of the Medicine Springs NSR delivers an excellentoutcome for shareholders and further strengthens our financialposition as we advance the Horetzky and Pup projects, where we seesignificant exploration upside. We have followed the evolution ofMedicine Springs since originally optioning the project in 2017, andas a project generator it is our mandate to unlock value and redeploycapital toward opportunities that offer the clearest path to valuecreation.” The Transaction Under the terms of the Agreement, Torex will acquirethe Company’s entire NSR royalty interest on the Medicine SpringsProject for a cash payment of US$2,200,000. Upon closing, NorthernLights will have no further royalty or other interest in the Project.The Transaction is expected to close in the near term. About Northern Lights Resources Corp. Northern Lights Resources Corp is a growth-orientedexploration and development company advancing three key projects: theHoretzky Copper Project, located in the Babine Porphyry belt ofcentral British Columbia, the Pup Copper Project in the Yukon and the100% owned, Secret Pass Gold Project located in Arizona. NorthernLights also holds a 1% NSR royalty on the Medicine Springs SilverProject in Nevada 100% owned by Torex Gold Resources Inc. Northern Lights trades under the ticker of “NLR” on the CSE, “NLRCF” on the OTC, and “0ZH0” on the FSE. Thisand other Northern Lights Resources news releases can be viewed atwww.sedarplus.ca and www.northernlightsresources.com. For Further Information Luka Capin, Chief Executive Officer Email: ir@northernlightsresources.com Tel: +1 647 625 8669 Follow Northern Lights Resources (@LightsResources) on X, and (Northern Lights Resources) on LinkedIn. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release contains forward-looking statements andforward-looking information within the meaning of applicable Canadiansecurities laws (collectively, “forward-looking statements”).Forward-looking statements include, but are not limited to, theCompany’s future exploration activities and corporate plans.Forward-looking statements are generally identified by words such as“anticipates”, “expects”, “intends”, “plans”,“believes”, or similar expressions, or statements that certainactions, events or results “may”, “could”, “would”, or“will” occur or be achieved. Forward-looking statements are basedon the opinions and estimates of management as of the date of thisnews release and are subject to known and unknown risks, uncertaintiesand other factors that may cause actual results or events to differmaterially from those anticipated in such forward-looking statements.These risks and uncertainties include, but are not limited to, risksrelated to exploration activities, changes in market conditions, andother risks described in the Company’s public disclosure filingsavailable on SEDAR+. Readers are cautioned not to place undue relianceon forward-looking statements. The Company does not undertake anyobligation to update or revise any forward-looking statements exceptas required by applicable securities laws. 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