Northstar Gold Corp Secures Initial $627,663 DIGITAL Co-Investment for Cam Copper Surgical Mining Project

Initial DIGITAL Reimbursement Advances Cam Copper Project

Northstar Gold Corp has obtained an initial reimbursement of $627,663 as part of the Surgical Mining for Critical Minerals Project. This payment is linked to a larger collaboration involving Novamera Inc., Micon International Limited, and DIGITAL – Canada’s Global Innovation Cluster for digital technologies. The reimbursement corresponds to eligible expenditures incurred advancing the Cam Copper Zone 2 Surgical Mining initiative.

The company reported that the reimbursement was based on approximately $2.14 million in approved eligible project costs. The total DIGITAL co-investment contribution is $750,524, with Northstar receiving the net amount after applicable fees and taxes.

Upcoming Funding and Project Developments

Northstar remains eligible for about $1.2 million in additional DIGITAL co-investment funding, contingent on completing approved project activities, eligible expenditures, and standard claim approvals under the Master Project Agreement. The company expects further reimbursements over the next two years as part of the Surgical Mining for Critical Minerals Project.

The project has been sanctioned for up to $3.84 million in non-dilutive co-investment funding, forming part of an approximately $11 million consortium-led initiative focused on innovative critical mineral extraction technologies, including geological modelling, technical studies, and subsurface characterization.

Advancements in Geological and Technical Work

Significant progress includes geological modelling, surface verification, permitting, metallurgical evaluation, and environmental planning. Northstar is preparing a NI 43-101 Mineral Resource Estimate to de-risk the Cam Copper Project and ready it for the next development phase.

The Cam Copper Project is the primary demonstration site for the Surgical Mining for Critical Minerals Project due to its geological setting and compatibility with Novamera’s patented Surgical Mining™ technology, which aims to enhance resource recovery while minimizing dilution, capital costs, environmental impact, and development timelines.

Recent Milestones in Cam Copper Advancement

Northstar has achieved key milestones including receiving final ALS drill hole assay and multi-element data, completing comprehensive QA/QC verification, and finalizing the Cam Copper geological database. The company has also confirmed Zone 2 surface structural features and geological continuity.

Additional overburden investigations are ongoing to refine geological interpretation and optimize Surgical Mining planning. Metallurgical testing programs, including mineralogical characterization and flotation studies, are progressing to optimize copper recovery and reduce transportation and milling costs.

Environmental and Permitting Progress

Environmental planning, stakeholder engagement, and permitting activities are advancing under Ontario’s Mine Authorization and Permitting Delivery Team framework. Northstar has secured a renewed three-year Ontario Exploration Drilling Permit covering the entire Miller Copper-Gold Property.

The company completed $102,000 in assessment work approved by the Ministry, supporting future mining lease applications essential for advancing commercialization and shareholder value.

Collaborative Innovation and Technology Deployment

The Surgical Mining for Critical Minerals Project is a partnership with Novamera Inc., Micon International Limited, and DIGITAL, focusing on data-driven mining solutions and Novamera’s proprietary Surgical Mining technology for efficient, low-impact extraction of high-grade copper.

The consortium targets potential small-scale surgical mining copper production at Cam Copper by early 2027, subject to permitting, financing, technical study completion, and other approvals. Northstar is progressing toward issuing a Notice-to-Proceed by securing necessary permits and project financing.

Technical Reporting and Resource Assessment

Micon International is preparing a NI 43-101 Technical Report and Mineral Resource Estimate for Cam Copper, formally evaluating Zone 2’s economic extraction prospects before production or development decisions.

This comprehensive evaluation includes updated geological and block models incorporating recent drilling results, critical for Northstar’s informed project development decisions.

Strengthening Northstar’s Financial Position

The initial DIGITAL reimbursement enhances Northstar’s financial position by providing non-dilutive funding to support ongoing technical, engineering, and environmental efforts critical to the Cam Copper Project’s success.

Investors may view this as a positive indicator of Northstar’s capacity to secure funding and advance its critical mineral projects, positioning the company as a leader in sustainable mining technologies.

Summary and Investor Outlook

Northstar’s receipt of the initial $627,663 reimbursement marks a key milestone in advancing the Cam Copper Project. The collaboration with Novamera and Micon aims to showcase Surgical Mining technology’s potential to improve precision, economics, and environmental performance in critical mineral extraction.

Investors should track Northstar’s progress in securing further funding, advancing technical studies, and obtaining permits. Successful Surgical Mining deployment at Cam Copper could unlock value in mineralized zones otherwise uneconomical with conventional methods.