Tokenized Gold Pioneer Makes Bold Canada Shift

1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of  NatBridge Resources Ltd. 
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Great Eagle Gold Corp. has announced it will change its name to NatBridge Resources Ltd. (GEGC:CSE; GEGCF:OTC; GI8:FRA), effective June 19, 2025. The company stated that the new name better aligns with its evolving business focus. The rebranding marks a key moment for the company as it continues to pivot toward a novel model for gold asset monetization.

According to the June 17 news release, common shares will begin trading under the new name and ticker symbol "NATB" on the Canadian Securities Exchange at market open on June 23, 2025. The updated CUSIP for the common shares will be 63176A 10 3, and the new ISIN will be CA63176A1030.

The company clarified that the name change would not impact shareholder rights or require any action from shareholders. Issued share certificates will remain valid, and there will be no consolidation of capital in connection with the change. Management emphasized that the rebrand reflects a broader shift in strategy, but does not alter the structure of existing investments.

Gold and Tokenized Assets

Gold has continued to act as a barometer for financial instability and investor sentiment, as a range of global events and market behaviors have shaped its performance in recent months.

On June 13, Stockhead reported that gold prices spiked to US$3,410 per ounce after reports of Israeli airstrikes on Iran caused investors to flee to safe-haven assets. This brief surge reflected heightened geopolitical risk and a drop in risk sentiment across global markets. That same day, Bloomberg noted that precious metals traders at JPMorgan and Morgan Stanley posted a combined US$500 million in quarterly revenue, supported by arbitrage opportunities stemming from tariff-related fears. Gold on the COMEX exchange traded at a premium to prices in international hubs such as London and Hong Kong, allowing U.S. banks to profit by importing and reselling physical metal.

Also on June 13, investor Chen Lin stated that he had sold out of his gold and silver futures positions following the price surge. In a market commentary, Lin explained, "I don't like the geopolitical induced price jump, and you don't know who has margin calls coming as the stock market is tanking."

Matthew Piepenburg provided broader context on June 16 in a report analyzing gold's role as a reflection of systemic distrust in fiat currency and monetary policy. He described gold as "the ultimate lie detector," arguing that rising demand for physical metal revealed cracks in over-leveraged gold derivatives markets. Piepenburg cited a warning from European Central Bank economists who indicated that over 2,000 metric tons of gold withdrawn from vaults in 2025 could strain the Eurozone's ability to meet physical delivery obligations on "100:1 levered gold derivative contracts" with a notional exposure exceeding US$1 trillion. He wrote that "gold is unmasking the lie of deficits without tears, money printing without currency debasement and debt without destruction."

Finally, FX Street reported on June 19 that gold prices experienced resistance around US$3,400 and briefly declined to US$3,347 before buyers returned. Analysts noted that the market needed to hold above US$3,347 to maintain bullish momentum, with immediate resistance seen at US$3,378. The analysis underscored the volatility surrounding gold as both a speculative asset and a hedge during macroeconomic uncertainty.

On June 12, Brian Hicks examined the operational and environmental costs of traditional gold mining in an article for Wealth Daily. He highlighted the Mponeng mine in South Africa, noting it required "nearly 10% of South Africa's entire energy output" to produce approximately 10 tons of gold annually. Hicks emphasized the human toll of such operations, stating that seismic activity and underground hazards made the mine one of the most dangerous in the world. He argued that traditional gold mining was "financially unsustainable" and pointed to tokenized gold ecosystems as an alternative model, in which verified in-ground resources could be traded without physical extraction.

Expert Analysis Highlights Growing Support for NatBridge Resources

*Earlier this year, Technical Analyst Clive Maund described Great Eagle Gold Corp. as a company "in the vanguard of a movement that is set to revolutionize the gold mining industry." He noted that its strategy to acquire NI 43-101 certified gold resources for tokenization into NatGold coins could position it as a key supplier in a "revolutionary, patent-pending digital gold mining ecosystem." According to Maund, this digital model addressed longstanding challenges in the mining sector, such as high operating costs and poor ESG performance. He emphasized that "all mining companies have to do is find the gold. They won't have to bring it to surface or process it, so costs will be vastly reduced." At the time, he rated the stock an "Immediate Strong Buy," highlighting a bullish volume pattern and a rising triangle chart formation that suggested potential upward momentum.

*By June 20, following the company's rebrand to NatBridge Resources Ltd., Maund reaffirmed his position. He reiterated that the company was leading the ESG transition from conventional mining to digital gold mining, describing its approach as "revolutionary" for allowing value to be assigned to in-ground gold without excavation. Maund pointed to the company's partnership with NatGold Digital, which manages blockchain and tokenization, while NatBridge focuses on verifying gold resources suitable for token issuance. He cited internal forecasts projecting the issuance of 17.5 million NatGold tokens within three years and highlighted the company's expectation of self-financing through token sales beginning in the third quarter of 2025.

On the technical side, Maund referenced a long-forming bullish triangle on the stock chart, noting that "the price and its moving averages are bunching with the latter swinging into bullish alignment," which, combined with strong volume indicators and a sustained uptrend in the Accumulation line, pointed to an "upside breakout into a new bull market." He reiterated his "Immediate Strong Buy" rating and identified price targets in the CA$0.44 to CA$0.46 range, followed by the prior high around CA$0.58.

Maund concluded that the company's position at the intersection of gold, ESG investing, and asset tokenization had continued to attract technical and strategic interest, and the model of "digital gold mining" provided a differentiated path forward.

Unlocking Stranded Gold: The NatGold Token Strategy

Great Eagle Gold's transition to NatBridge Resources underscores a deeper pivot in business model, leveraging blockchain technology to transform in-ground gold assets into digital tokens. The company has positioned itself at the intersection of three major global trends: record-high gold demand, exponential growth in ESG (Environmental, Social, and Governance) investing, and the rapid rise of digital asset tokenization.

At the core of this strategy is the NatGold Token, which represents one ounce of verified in-ground gold. According to the company's April 2025 investor presentation, this tokenization model eliminates traditional mining hurdles such as high extraction costs, permitting delays, and environmental disruption. Instead of physical extraction, Great Eagle Gold plans to monetize verified, non-operational gold resources through a regulated digital token, creating a new path to liquidity without operational mining.

The company reported securing exclusive rights to supply the first 2.5 million NatGold Tokens to NatGold Digital as well as a 5-year first-in-line agreement to tokenize gold deposits it acquires. NatGold Digital anticipates issuing up to 2.5 million tokens in its initial phase, with Great Eagle retaining 73% of the tokens minted in exchange for title to the properties it tokenizes. Token issuance is forecasted by NatGold to grow to 17.5 million within three years. While gold deposits will need to meet criteria such as NI 43-101 or JORC Code compliance, perpetual ownership rights, and transferability, the company highlighted the speed of tokenization — targeted within ten days of acquisition approval — as a competitive advantage.

In its token valuation model, NatGold Digital estimated a baseline intrinsic value of US$1,751 per token based on May 2025 market inputs. This figure was derived by subtracting the estimated all-in sustaining cost (AISC) of physical gold mining from the spot gold price. Even with deep discounts applied to this baseline, the company argued that tokenization can offer profitability advantages compared to conventional mining.

With its rebranding and blockchain-driven approach, NatBridge Resources aims to redefine how gold reserves can be monetized. The new identity reflects the company's intent to bridge traditional resource assets with emerging financial technologies.

Ownership and Share Structure

According to Refintiv, 37.03% of Great Eagle Gold Corp. is owned by management and insiders. Of them, Azim Dhalla owns the most with 26.94%. Yari Nieken holds 7.18% and Andrew Fletcher holds 1.79%. The rest is retail.

The company has 29.84 Free Float Shares and a market cap of CA$6.92 million. The 52-week range for GEGC is CA$.07-0.58.