Gold Discovery in California Signals Major New Opportunity

1. Natbridge Resources is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. 
2. 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. and NatGold Ltd.
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NatBridge Resources Ltd. (NATB:CSE; NATBF:OTC; GI80:FSE) announced it has entered into a definitive mineral rights purchase agreement with Teras Resources Inc. (TRA:TSX.V) for the acquisition of certain mining claims and related property interests comprising the Cahuilla gold project in Imperial County, California. The agreement, signed on October 18, 2025, gives Natbridge 100% of the subsurface mineral rights for land parcels 45 and 46 of the property, representing approximately 12,290,139 tonnes containing an estimated 122,211 ounces of indicated gold resources, as defined in a National Instrument 43-101 (NI 43-101) technical report.

Teras will receive total consideration of approximately US$2.75 million, including a US$50,000 payment already made, a second payment of US$277,505.60 within two months of signing, and a final payment of US$2,427,550.40 due within 30 days of the first token sale by NatGold Digital Ltd., the tokenization event representing the phase 1 gold resources.

"The acquisition of the Cahuilla mineral rights reflects our disciplined approach to building value through the targeted acquisition of high-quality mineral resources," said Stephen Moses, chief executive officer of Natbridge Resources, in the news release. "Cahuilla represents exactly the kind of opportunity we pursue — an established and well-documented gold project that aligns with our focus on sound geology, measured growth, and long-term value creation for our shareholders."

The Cahuilla property covers approximately 1,680 acres of patented claims and hosts an indicated gold resource of 1.75 million ounces at a 0.005-ounce-per-ton cut-off grade, as outlined in a March 2021 technical report prepared in accordance with NI 43-101 standards. Upon completion of payments, Natbridge will hold the mineral rights free of any continuing fees or surface obligations.

Teras CEO Joseph Carrabba said the agreement was "a strong step forward for both companies," adding that Natbridge had shown a professional commitment to the project. The two companies are now negotiating phase 2 of the acquisition, covering approximately 50,702,466 tonnes containing an additional 496,535 ounces of indicated gold resources. Phase 2 is expected to follow the same per-ounce pricing as phase 1, with adjustments to payment schedules based on tokenization timelines and market demand.

Phase 3, comprising lands currently held by Native American tribal nations, has not yet been formally considered but may be included in future discussions. Completion of the transaction remains subject to standard closing conditions, due diligence, and regulatory approval.

Central Banks Anchor Gold's Record-Breaking Rally

Gold's historic rally in October reflected a mix of global uncertainty, shifting monetary policies, and renewed confidence in tangible assets. On October 6, spot gold surpassed US$4,000 per ounce for the first time ever. Analysts described the move as both "structural and symbolic," noting that investors were seeking refuge from weakening faith in fiat currencies and sovereign debt. Much of the surge took place during Asian trading hours, a development seen as signaling the region's growing influence over global financial markets.

Central banks were identified as a key driver of the rise. According to the analysis, official sector purchases remained strong as many nations prioritized reserve security over yield. By 2023, roughly 68% of gold-buying central banks stored their reserves domestically, compared with 50% in 2020, a trend that analysts said reflected a broader shift toward self-custody of assets.

A subsequent report by Bruno Venditti on October 8 highlighted that, for the first time since 1996, foreign central banks collectively held more gold than U.S. Treasuries. Nearly one-fifth of all gold ever mined was now owned by central banks, with sustained purchases through 2022, 2023, and 2024 contributing to the metal's climb above the US$4,000 mark. The milestone illustrated a gradual realignment away from dollar-denominated assets toward physical stores of value.

In an October 10 report, Anthony Keane noted that gold had gained 123% over two years, outpacing most asset classes. Analysts cited lower interest rates, geopolitical instability, and heightened demand for finite resources as major factors. Kyle Rodda of Capital.com remarked that "the supply of money grows at a much faster pace than we can pull gold out of the ground," adding that conflict and trade tensions had further supported demand. Tony Catt of Catapult Wealth added that "gold is an asset class where there is a lot of central bank buying," underscoring its continued appeal during times of volatility.

A research note from UBS described widespread optimism, stating it was "hard to find anyone who isn't a gold bull." However, historical data from Dimensional Fund Advisors provided perspective, showing that gold delivered positive annual returns in just over half of all calendar years since 1980.

On October 21, Business Today reported a modest cooling in prices, with gold futures easing 0.24% to US$4,349.24 per ounce and silver falling 1.72% to US$50.50. The pullback followed easing geopolitical tensions ahead of the planned meeting between U.S. President Donald Trump and Chinese President Xi Jinping. Precious metals analyst Michael Maloney described the decline as a temporary pause in a larger structural trend, noting that "the accelerating devaluation of fiat currencies has made holding real assets more vital than ever."

He cautioned that currency debasement and excessive global debt remained key threats to financial stability, calling gold and silver "monetary anchors in a world adrift." Despite near-term corrections, physical demand, particularly in India during the Diwali season, remained strong, supporting long-term confidence in the sector.

Advancing a Digital Path to Gold Monetization

Natbridge Resources continues to build its position as a supplier of NI 43-101 compliant gold resources to NatGold Digital Ltd., the platform enabling digital mining through blockchain tokenization. Each indicated ounce from phase 1 of the Cahuilla acquisition is exchangeable into 0.4 NatGold Tokens, with Natbridge retaining 75% of the tokens generated.

The company has stated it will begin negotiations for phase 2 properties under similar terms while also exploring other acquisition opportunities. According to CEO Stephen Moses on the company's investors page, "What we are purchasing will make a significant difference," referring to the continued expansion of Natbridge's resource base to support its digital gold monetization model.

Through its partnership with NatGold Digital, Natbridge provides in-ground gold resources supported by verified geological data, forming the foundation for asset-backed digital tokens. The process enables the company to convert verified mineral resources into tradable digital assets without traditional mining operations, environmental impact, or permitting delays.

By combining compliant geological reporting with blockchain-enabled asset conversion, Natbridge positions itself at the intersection of resource ownership and digital finance, offering exposure to both gold and tokenized asset markets through its growing portfolio of verified resources. 

Ownership and Share Structure

According to LSEG, NatBridge Resources has 29% ownership by management and insiders. The rest is retail.

As of October 22, 2025, NatBridge Resources Ltd. had approximately 58.6 million free float shares, a market capitalization of about CA$15.0 million, and a 52-week trading range between CA$0.12 and CA$0.80.