Northern Superior Res Inc Stock Price, News & Analysis

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.

Northern Superior Resources (OTCQB:NSUPF) has successfully closed its previously announced bought deal financing, raising $5,005,000 through the issuance of 6,500,000 common shares at $0.77 per share. Cormark Securities acted as the sole underwriter, receiving a 6% cash commission on the gross proceeds.

Notably, NQ Investissement Minier (NQIM), a Matagami-based regional investment fund focused on mining development in Northern Québec, has participated in the offering. The net proceeds will be used for working capital and general corporate purposes. The securities were issued under the listed issuer financing exemption and will not be subject to a hold period for Canadian resident subscribers.

Northern Superior Resources (NSUPF) reported significant drilling results from its 20,000-metre expansion campaign at the Philibert gold property in Quebec. Key highlights include intersection PB-25-498 yielding 4.82 g/t Au over 21.6m including 11.86 g/t Au over 7.0m, and PB-25-501 returning 2.09 g/t Au over 22.2m including 3.54 g/t Au over 10.0m. The results expand a new high-grade discovery zone over 200m strike length and 150m vertical extent, located beneath the current open-pit resource of 1.71M ounces at 1.1 g/t Au (Inferred) and 279,000 ounces at 1.1 g/t Au (Indicated). The property is strategically located just 9km from IAMGOLD's Nelligan project and 60km southwest of Chibougamau, suggesting potential for development synergies in the emerging Chibougamau Gold Camp.

Northern Superior Resources (NSUPF) announced significant results from its 20,000-metre expansion drilling campaign at the Philibert gold property in Quebec. Key discoveries include a new high-grade zone with 18.0 metres of 2.48 g/t Au including 4.9 metres of 7.02 g/t Au, and strong step-out results of 50.3 metres at 0.70 g/t Au including 13.3 metres of 1.47 g/t Au.

The drilling program revealed a new core area intersecting the Grey Fox and Fennec Fox FW zones along a 400-metre strike. All six holes are outside the current resource pit, which currently holds 1.71 million ounces at 1.1 g/t gold in the inferred category and 279,000 ounces at 1.1 g/t gold in the indicated category. The property is strategically located just 9 km from IAMGOLD's Nelligan project and 60 km southwest of Chibougamau, Quebec.

Northern Superior Resources, holding a 62% stake in ONGold Resources, announces key developments at the Monument Bay Gold Project. Paul Dunbar joins as Vice-President of Exploration, bringing nearly 40 years of geological expertise, particularly in gold resource evaluations.

The project update outlines six major objectives, including expanding geological understanding of gold and tungsten deposits, conducting Phase I Field Exploration, and performing comprehensive resource evaluation. Historical resources indicate 2.3 million gold ounces in Measured and Indicated categories (58.0 million tonnes at 1.24 g/t) and 720,000 gold ounces in Inferred category (24.4 million tonnes at 0.92 g/t).

Five new exploration targets have been identified, with priority areas including the Ankerite/Gold Pond area, AZ Zone/Central Zone area, and Monument Bay deposit west extension. The company aims to maximize resource expansion opportunities in these high-potential zones.

Northern Superior Resources (NSUPF) has announced significant results from its 20,000-metre expansion drilling campaign at the Philibert gold property in Quebec. Key findings include intersections of 1.94 g/t Au over 31.0 metres and 2.03 g/t Au over 19.7 metres below the current resource pit.

The drilling results outline a new core area with all holes intersecting the Grey Fox FW zone along a 150-metre strike and up to 200 metres vertically, remaining open along strike and at depth. These findings expand upon the current resource of 1,708,800 oz inferred and 278,900 oz indicated, both at 1.1 g/t.

The Philibert Project, located 9 km from IAMGOLD's Nelligan project and 60 km southwest of Chibougamau, is emerging as a cornerstone of the Chibougamau Gold Camp. Northern Superior owns 75% of the project, with an option to acquire the remaining 25% from SOQUEM for CAD$3.5 million.

Northern Superior Resources (NSUPF) has announced significant results from its 20,000-metre expansion drilling campaign at the Philibert gold property in Quebec. Key findings include high-grade intersections of 3.59 g/t Au over 7.7 metres located 800 metres east of the pit extent, and 2.89 g/t Au over 10.6 metres from under the resource pit.

The company has mobilized a second drill rig and completed approximately 13,000 metres of drilling, targeting the southeast extension and expansion of the Philibert pit. The current Mineral Resource at Philibert contains 1.7 million ounces inferred and 278,000 ounces indicated within a 3 km pit.

The Chibougamau Gold Camp, where Philibert is located, now hosts over 12 million ounces across various categories between IAMGOLD and Northern Superior. The project shows promising metallurgical results with flotation concentrate recoveries of up to 95.6%.

Northern Superior Resources (TSXV:SUP)(OTCQB:NSUPF) announced the return of its Board of Directors to its original size of seven members following the resignation of Mr. Francois Perron. This adjustment comes after the Board's temporary expansion to eight members with the recent appointment of Mr. Eric Desaulniers, who is the Founder, President and CEO of Nouveau Monde Graphite.

The current Board composition includes Victor Cantore (Executive Chairman), Simon Marcotte (President and CEO), Michael Gentile, Eric Desaulniers, Andrew Farncomb, Frank Guillemette, and Peter Damouni. The Executive Chairman acknowledged Perron's significant contributions to the company, highlighting his professionalism, insight, and integrity.