- Business
- Northern Lion Gold Corp. is a Canadian junior mineral exploration company engaged in the acquisition, exploration and evaluation of gold-bearing and other mineral resource properties, principally in Canada. The Company’s principal asset is the Riverside Property, comprising three contiguous, non-surveyed mineral claims totaling approximately 491.60 hectares in the Kamloops Mining Division of British Columbia, approximately 20 kilometers east of Kamloops. Its activities include mineral-property acquisition and option administration; geological exploration and evaluation; assessment of gold and base-metal prospectivity; and potential future property development, joint-venture and option-out activities. Northern Lion does not operate producing mines and has not generated revenue from its mineral properties; its operations remain at the exploration stage and are dependent on external financing. The Company operates in Canada and has exposure to activities in the Republic of Cyprus; its subsidiary, Katla Exploration Ltd., is also engaged in mineral exploration. Incorporated in 1980, Northern Lion Gold Corp. is headquartered in Vancouver, British Columbia, Canada, and its common shares trade on the TSX Venture Exchange under the symbol NL and on the Frankfurt Exchange under the symbol N3E. In March 2026, the Company amended the Riverside Property option agreement, paying C$3,500 toward the deferred option payment and extending payment of the remaining C$12,500 to March 4, 2027. The Company incurred C$13,356 in Riverside acquisition and exploration expenditures during the first quarter of 2026, but stated that it has no plans for further near-term exploration at the property and consequently impaired the property carrying value to C$1.