Northern Superior Res Inc Stock Price, News & Analysis

Northern Superior (OTCQB:NSUPF) will distribute its holdings of ONGold Resources common shares to Northern Superior shareholders at a distribution ratio of 0.19574366 ONAU share per Northern Superior share. The distribution is expected to occur on December 19, 2025, subject to customary closing conditions, and the record date for the distribution is December 18, 2025. The distribution will occur concurrently with the closing of a previously announced statutory plan of arrangement with IAMGOLD under Division 5 of Part 9 of the Business Corporations Act (British Columbia).

Northern Superior Resources (OTCQB:NSUPF, TSXV:SUP) obtained a final order from the Supreme Court of British Columbia approving a statutory plan of arrangement with IAMGOLD (NYSE:IAG, TSX:IMG).

Under the Arrangement, each Northern Superior share will be acquired for 0.0991 IAMGOLD shares plus $0.19 cash. Closing is subject to customary conditions and is expected on December 19, 2025. The record date for the distribution of ONGold shares held by Northern Superior is expected to be December 18, 2025.

Northern Superior Resources (OTCQB:NSUPF) announced that shareholders approved a statutory plan of arrangement to be acquired by IAMGOLD (NYSE:IAG, TSX:IMG). The consideration is 0.0991 IAMGOLD share plus $0.19 cash for each Northern Superior share and includes the distribution of all ONGOLD shares held by Northern Superior to its shareholders.

The Arrangement Resolution passed with 90,766,183 votes (99.03%) in favour (or 82,959,376 votes; 98.94% excluding shares required to be excluded under MI 61-101). Northern Superior will apply for a final court order on December 15, 2025; subject to court approval and customary closing conditions, closing is expected in the following days.

Northern Superior Resources (OTCQB: NSUPF / TSXV: SUP) filed and is mailing a management information circular for a special shareholders meeting to be held virtually on December 10, 2025 at 10:00 a.m. PT.

The meeting seeks shareholder approval of a statutory plan of arrangement with IAMGOLD (NYSE: IAG / TSX: IMG) dated October 19, 2025 that would:

• transfer all issued Company shares to IAMGOLD for 0.0991 IAMGOLD share plus $0.19 cash per Company share, and
• distribute the Company’s ONGold shares to Northern Superior shareholders.

Northern Superior received an interim order from the Supreme Court of British Columbia on November 10, 2025 authorizing the meeting. The Arrangement is expected to close in the weeks following the meeting, subject to shareholder approval, a final court order and stock exchange approvals.

Northern Superior (OTCQB:NSUPF) agreed to be acquired by IAMGOLD (NYSE:IAG, TSX:IMG) under a court-approved plan of arrangement announced October 20, 2025.

Consideration: 0.0991 IAMGOLD share + C$0.19 cash per Northern Superior share, implying C$2.05 per share and ~C$375 million total (based on IAMGOLD TSX close Oct 17, 2025). Northern Superior shareholders will receive a pro rata distribution of Northern Superior's 48.5% stake in ONGold (current proportional value C$30 million).

The transaction carries an approximate 45% premium to Northern Superior's last TSXV close, is expected to close Dec 2025–Jan 2026 subject to shareholder, court and customary approvals, and will likely result in delisting of Northern Superior shares from the TSXV.

Northern Superior Resources (OTCQB:NSUPF) has announced significant developments in its Chibougamau Gold Camp operations. The company reported promising drilling results from its newly acquired Hazeur property, including 1.10 g/t Au over 25.5 metres located 350 meters west of the current Philibert pit. This intersection is believed to represent the western extension of the Red Fox zone.

The company has also expanded its land position through the acquisition of 2,100 hectares of new claims north of the Chevrier Project, bringing its total holdings in the Chibougamau Gold Camp to over 70,000 hectares. Additionally, approximately 90% of the Philibert expansion drilling program has been completed, with about 2,000 metres remaining in progress.

Northern Superior Resources (OTCQB:NSUPF) has announced significant results from its 20,000-metre expansion drilling campaign at the Philibert gold property in Quebec. Key highlights include exceptional intersections of 11.99 g/t Au over 9.1 metres, including 101 g/t Au over 1.0 metre at the Corsac Fox Hanging Wall Zone, and 1.75 g/t Au over 65.0 metres, including 3.92 g/t Au over 17.4 metres at the Arctic Fox Footwall Zone.

The drilling program tested the Corsac Fox Hanging Wall over a 750-metre strike length, revealing high-grade vein-style gold mineralization and broader envelopes near the northern wall of the conceptual pit. Notable results include drill hole PB-25-502, which returned 0.73 g/t Au over 46.8 metres, demonstrating strong mineralization continuity.

The project, located just 9 km from IAMGOLD's Nelligan project and 60 km southwest of Chibougamau, Quebec, continues to show significant potential for resource expansion, particularly with near-surface mineralization and new hanging wall discoveries.

Northern Superior Resources (OTCQX:NSUPF) has completed the acquisition of strategic properties in the Chibougamau Gold Camp, expanding its total land position from 60,016 hectares to 68,522 hectares. The acquisition includes the Hazeur, Monster Lake East, and Monster Lake West Properties.

The Hazeur property is believed to be the northwest extension of the company's flagship Philibert Project, located 9 km from IAMGOLD's Nelligan project. Recent drilling results showed promising intercepts of 4.84 g/t Au over 3.9 metres, including 16.4 g/t Au over 0.8 metres in hole PB-22-375, suggesting high-grade potential.

The strategic acquisition extends Northern Superior's control to over 15 kilometres along the Guercheville Fault Zone and 30 kilometres along the Fancamp Fault Zone and Monster Lake trends, positioning the company as a major player in the emerging Chibougamau Gold Camp alongside IAMGOLD.

Northern Superior Resources (OTCQB:NSUPF) has signed a definitive asset purchase agreement with TomaGold Corporation to acquire three strategic properties in the Chibougamau Gold Camp: Hazeur, Monster Lake East, and Monster Lake West. This agreement follows a binding term sheet announced on June 16, 2025.

The transaction is expected to close as early as next week, representing a significant expansion of Northern Superior's property portfolio in the region.