Nord Precious closes $178k final tranche of placement

Apr 29, 2025

2025-04-29 02:36 ET – News Release

Mr. Frank Basa reports

NORD PRECIOUS METALS CLOSES 2ND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Further to the news release dated March 26, 2025, Nord Precious Metals Mining Inc. has closed a second and final tranche of a non-brokered private placement by issuing an additional 1,483,333 units at 12 cents per unit, raising gross proceeds of $178,000. The company has raised a total of $526,800 in both tranches of the financing.

Each unit is composed of 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 15.5 cents per share, for a period of five years from closing, subject to final TSX Venture Exchange final approval.

Finders’ fees in the amount of $3,814 in cash and 31,783 non-transferable finder warrants were paid in connection with the financing. The finder warrants are at an exercise price of 15.5 cents per share for a period of five years from closing. The finders’ fees are also subject to exchange approval.

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

The proceeds of the private placement will be used for exploration on its Castle East project, Gowganda, Ont., and for general working capital and administrative costs. 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 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 metal 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 silver (250.2 ounces per ton).

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 formulations. This multimetal approach, combined with established infrastructure, including TTL Laboratories and underground mine access, positions Nord to capitalize on both precious metal markets and the growing demand for battery materials.

The company maintains a strategic portfolio of battery metal properties in Northern Quebec including its 35-per-cent ownership in Coniagas Battery Metals Inc. 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/