Northern Superior Enters Into A Definitive Agreement For The Acquisition Of Strategic Properties In The Chibougamau Gold Camp
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) ha firmato un accordo definitivo di acquisto di asset con TomaGold Corporation per acquisire tre proprietà strategiche nel Chibougamau Gold Camp: Hazeur, Monster Lake East e Monster Lake West. Questo accordo segue una lettera d'intenti vincolante annunciata il 16 giugno 2025.
La transazione dovrebbe concludersi già dalla prossima settimana, rappresentando un'espansione significativa del portafoglio di proprietà di Northern Superior nella regione.
Northern Superior Resources (OTCQB:NSUPF) ha firmado un acuerdo definitivo de compra de activos con TomaGold Corporation para adquirir tres propiedades estratégicas en el Chibougamau Gold Camp: Hazeur, Monster Lake East y Monster Lake West. Este acuerdo sigue a una hoja de términos vinculante anunciada el 16 de junio de 2025.
Se espera que la transacción se cierre tan pronto como la próxima semana, representando una expansión significativa del portafolio de propiedades de Northern Superior en la región.
Northern Superior Resources (OTCQB:NSUPF)는 TomaGold Corporation과 확정 자산 매매 계약을 체결하여 Chibougamau Gold Camp 내 전략적 부동산 세 곳인 Hazeur, Monster Lake East, Monster Lake West를 인수합니다. 이 계약은 2025년 6월 16일에 발표된 구속력 있는 조건서에 따른 것입니다.
거래는 다음 주 초에 완료될 예정이며, 이는 Northern Superior의 해당 지역 내 자산 포트폴리오를 크게 확장하는 의미입니다.
Northern Superior Resources (OTCQB:NSUPF) a signé un accord définitif d'achat d'actifs avec TomaGold Corporation pour acquérir trois propriétés stratégiques dans le Chibougamau Gold Camp : Hazeur, Monster Lake East et Monster Lake West. Cet accord fait suite à une lettre d'intention contraignante annoncée le 16 juin 2025.
La transaction devrait se finaliser dès la semaine prochaine, représentant une expansion significative du portefeuille de propriétés de Northern Superior dans la région.
Northern Superior Resources (OTCQB:NSUPF) hat eine endgültige Vereinbarung zum Erwerb von Vermögenswerten mit der TomaGold Corporation unterzeichnet, um drei strategische Grundstücke im Chibougamau Gold Camp zu erwerben: Hazeur, Monster Lake East und Monster Lake West. Diese Vereinbarung folgt auf ein verbindliches Term Sheet, das am 16. Juni 2025 bekannt gegeben wurde.
Der Abschluss der Transaktion wird bereits in der nächsten Woche erwartet und stellt eine bedeutende Erweiterung des Grundstücksportfolios von Northern Superior in der Region dar.
- Strategic expansion in the Chibougamau Gold Camp through acquisition of three properties
- Quick closing timeline indicates efficient deal execution
- Financial terms and acquisition costs not disclosed
TORONTO, ON / ACCESS Newswire / July 11, 2025 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP)(OTCQB:NSUPF)(GR:D9M1) is pleased to announce that, in furtherance to a binding term sheet that was announced on June 16, 2025, it has entered into an asset purchase agreement with TomaGold Corporation for the acquisition of the Hazeur, Monster Lake East, and Monster Lake West Properties (the "Transaction"). Additional information regarding the Transaction and the properties is available in the initial announcement.
The Company anticipates the Transaction to close as early as next week.
About Northern Superior Resources Inc.
Northern Superior is a gold exploration company focused on the Chibougamau Camp in Québec, Canada. The Company has consolidated the largest land package in the region, with total land holdings currently exceeding 62,000 hectares. The main properties include Philibert, Lac Surprise, Chevrier, and Croteau. Northern Superior also owns
The Philibert Project is located 9 km from IAMGOLD Corporation's Nelligan1 Gold project. Philibert hosts a maiden 43-101 inferred resource of 48.5 M tonnes at 1.10 g/t Au for 1,708,800 ounces Au and an indicated resource of 7.9 M tonnes at 1.10 g/t Au for 278,900 ounces Au.2 Northern Superior holds a majority stake of
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX-V under the symbol SUP and the OTCQB Venture Market under the symbol NSUPF. For further information, please refer to the Company's website at www.nsuperior.com or the Company's profile on SEDAR+ at www.sedarplus.ca.
Qualified Person ("QP")
The technical content and drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and have been reviewed and approved by Ms. Melanie Pichon, P.Geo., Senior Geologist for Northern Superior. Ms. Pichon is a QP under the NI 43-101 and is not considered independent.
Northern Superior Resources Inc. on Behalf of the Board of Directors
Simon Marcotte, CFA, President and Chief Executive Officer
Contact Information
Katrina Damouni
Director - Corporate Development
Tel: +44 7795 128583 (Mobile/WhatsApp)
info@nsuperior.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Transaction, the timing of the Transaction and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward- looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of Northern Superior, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither party nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Neither party undertakes, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
1 "lAMGOLD Announces Significant Increase in Nelligan Ounces & Update of Global Mineral Reserves and Resources";
IAMGOLD reports increase in mineral reserves and resources at existing assets, with increase in resources at Gosselin; IAMGOLD Corporation News Release dated February 15, 2024, October 23, 2024, and February 20, 2025. Note that the technical and scientific information disclosed from neighboring properties does not apply to any other properties of the area.
2 Independent Technical Report MINERAL RESOURCES ESTIMATION OF THE PHILIBERT PROJECT Québec, Canada. September 22, 2023. Prepared in accordance with NI 43-101 by Goldminds Geoservice Inc. to Northern Superior Resources. Philibert hosts a maiden 43-101 inferred resource of 48.5 Mt at 1.10 g/t Au for 1,708,800 ounces Au and an indicated resource of 7.9 Mt tonnes at 1.10 g/t Au for 278,900 ounces Au Note that the technical and scientific information disclosed from neighboring properties does not apply to any other properties of the area.
3 NI 43-101 Technical Report Mineral Resource Estimation for the Chevrier Main Deposit, Chevrier Project Chibougamau, Quebec, Canada, October 20, 2021, Prepared in accordance with NI 43-101 by Lions Gate Geological Consulting Inc. IOS Services Géoscientifiques Inc. for Northern Superior. Chevrier hosts an inferred mineral resource of 15.7 Mt at 1.29 g/t Au for 652,000 ounces Au (underground and open pit) and an indicated mineral resource of 6.4 Mt at 1.26 g/t Au for 260,000 ounces Au Note that the technical and scientific information disclosed from neighboring properties does not apply to any other properties of the area.
4 Chalice Gold Mines Limited and Northern Superior Resources Inc. Technical Report on the Croteau Est Gold Project, Québec, September 2015, Prepared in accordance with NI 43-101 by Optiro Pty Ltd ("Optiro") to Chalice Gold Mines Limited and Northern Superior.Croteau hosts an inferred mineral resource of 11.6 Mt at 1.7 g/t Au for 640,000 ounces Au. Note that the technical and scientific information disclosed from neighboring properties does not apply to any other properties of the area.
SOURCE: Northern Superior Resources Inc.
View the original press release on ACCESS Newswire
FAQ
What properties is Northern Superior (NSUPF) acquiring in the Chibougamau Gold Camp?
When did Northern Superior announce the binding term sheet for the Chibougamau properties acquisition?
When is the Northern Superior (NSUPF) property acquisition expected to close?
What is the significance of Northern Superior's Chibougamau Gold Camp acquisition?
