Nord Precious arranges $1-million private placement

Jun 4, 2025

2025-06-03 20:40 ET – News Release

Mr. Frank Basa reports

NORD PRECIOUS METALS ANNOUNCES FT UNIT PRIVATE PLACEMENT

Nord Precious Metals Mining Inc. has arranged a non-brokered private placement financing of 7,142,857 flow-through units (FT units) at a price of 14 cents per FT unit raising gross proceeds of $1-million.

Each FT unit comprised one common share of the company and one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 20 cents per share, for a period of two years from closing, subject to TSX Venture Exchange approval.

Finders’ fees may be paid in connection with the financing. Any finders’ fees paid are also subject to exchange approval.

All securities issued in connection with the FT units and finders’ fees are subject to a four-month-and-a-day hold period in accordance with applicable Canadian securities laws.

The proceeds from the FT unit private placement will be used for exploration on its Castle East project, Gowganda, Ont.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining operates the only permitted high-grade milling facility in the historic Cobalt camp of Ontario, where the company has established a unique position integrating high-grade silver discovery with strategic metals recovery operations. The company’s flagship Castle property encompasses 63 square kilometres of exploration ground and the past-producing Castle mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in inferred resources grading an average of 8,582 grams per tonne Ag (250.2 ounces/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson zZone, beginning at a vertical depth of approximately 400 metres. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to the Nord Precious Metals press release May 28, 2020, for the resource estimate.

Nord’s integrated processing strategy leverages the synergistic value of multiple metals. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel and other battery metals, while the company’s proprietary Re-2Ox hydrometallurgical process enables production of technical-grade cobalt sulphate and nickel-manganese-cobalt (NMC) formulations. This multimetal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize on both precious metals markets and the growing demand for battery materials.

The company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35-per-cent ownership in Coniagas Battery Metals Inc. (TSX-V: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometres of prospective ground near Cochrane, Ont.

We seek Safe Harbor.

https://www.nordpreciousmetals.com/