02:04 PM EDT, 10/08/2025 (MT Newswires) -- NatBridge Resources ( NATBF ) on Wednesday said it agreed to a second extension of its binding letter of intent (LOI) with Teras Resources for the acquisition of certain subsurface mineral rights with respect to the Cahuilla Gold Project in Imperial County, California.

The company said that under the terms of the amendment, the date by which NatBridge and Teras Resources will seek to enter into a definitive agreement for the purchase of the Cahuilla Gold Project subsurface rights has been extended to Oct. 14.

A statement noted that all other terms of the LOI, originally executed on Aug. 7, remain unchanged and in full force and effect. It added that there are currently no proposed changes to the transaction terms.

Shares of the company were last seen down $0.03 at $0.28 on the Canadian Securities Exchange.

Price: 0.28, Change: -0.03, Percent Change: -9.68