Recorded on April 22, 2026
CSE: NLR | OTCQB: NLRCF
In this Natural Resource Stocks interview, Steve Yang speaks with Luka Capin and Bernie Kreft of Northern Lights Resources about why Horetzky in British Columbia has become the center of the company’s copper story and why management keeps drawing attention to its similarities with major Babine belt analogues. Luka explains why he went all in on Northern Lights, why he sees Horetzky as a repeatable discovery setup rather than a blind swing, and how the company is trying to turn technical work into clear drilling catalysts. Bernie discusses his long history prospecting in British Columbia and the Yukon, why he brought both Horetzky and Pup into the Northern Lights story, and what still makes the setup compelling to him. The conversation also covers Pup as a lower-cost Yukon copper-gold opportunity, Secret Pass in Arizona, the company’s effort to fund advancement through asset monetization, and how management thinks about dilution and shareholder leverage. If you want the full Northern Lights thesis in one place, this interview gives you the people, the projects, and the argument behind the current setup. Like, subscribe, and ring the bell. #Millettian
Key topics
Horetzky Copper Project
Pup Copper Project
Secret Pass Gold Project
Why Luka Capin joined Northern Lights
Bernie Kreft’s project sourcing background
Medicine Springs NSR sale
Funding strategy and dilution discipline
NAK comparison and upside debate
Guest or company links
Northern Lights Resources
https://northernlightsresources.com/
Host Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@NaturalResourceStocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
LinkedIn https://www.linkedin.com/in/thesteveyang/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
00:00 Cold open
01:08 Intro and guest welcome
02:11 Northern Lights overview
04:31 Why Luka Capin joined
06:23 Bernie Kreft on sourcing projects
07:58 Team and technical setup
09:13 Medicine Springs NSR sale
12:02 Share structure and dilution
13:39 Market cap and comps
15:28 Horetzky and NAK similarities
17:23 Pup timeline and next steps
18:11 Website and contact
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