Nord Precious Metals Closes First Tranche of Non-Brokered Private Placement and Announces Additional Private Placements
(TheNewswire)
July 25, 2025 – TheNewswire -Nord Precious Metals Mining Inc. (TSX.V: NTH)(OTCQB: CCWOF) (FRANKFURT: 4T9B) (the "Company" or"Nord") announces that the Company hasclosed the first tranche of a non brokered private placement financingby issuing 1,503,333 units (“Units”) at a price of $0.12 per Unitraising gross proceeds of $180,400. The Companyalso announces that it plans to issue up to an additional 10,996,667Units at a price of $0.12 per Unit raising gross proceeds of up to$1,319,600 in the coming weeks.
Finder’s fees in the amount of $1,428 cash and 11,900non-transferable finder warrants were paid in connection with thefirst tranche closing. The finder warrants are at an exercise price of$0.155 per share for a period of five years from closing. Thefinder’s fees are subject to TSX Venture Exchange (“Exchange”)approval.
Each Unit is comprised of one common share of theCompany and one share purchase warrant. Each whole warrant willentitle the holder thereof to purchase one additional common share ofthe Company at an exercise price of $0.155 per share, for a period offive years from closing, subject to final Exchange approval.Finder’s fees may be paid in the next closing and are also subjectto Exchange approval.
The Company further announces a non brokered privateplacement financing of 7,142,857 flow- through units (“FT Units”)at a price of $0.14 per FT Unit raising gross proceeds of $1,000,000.Finder’s fees will be paid in connection of the FT financing of 7%cash and 7% finder finder warrants. The finder warrants are at anexercise price of $0.20 per share for a period of two years fromclosing.
Each FT Unit is comprised of one common share of theCompany and one share purchase warrant. Each whole warrant willentitle the holder thereof to purchase one additional common share ofthe Company at an exercise price of $0.20 per share, for a period oftwo years from closing, subject to TSX Venture Exchange approval.
All securities issued in connection with the Units, theFT Units and the finder’s fee warrants are subject to a four-monthand a day hold period in accordance with applicable CanadianSecurities laws.
The proceeds of the Unit private placement will be usedfor exploration on its Castle East Project,Gowganda, Ontario and for general working capital and administrativecosts. Proceeds from the FT Unit privateplacement will be used for exploration on its Castle East Project,Gowganda, Ontario.
About Nord Precious Metals MiningInc.
Nord Precious Metals Mining Inc. operates the onlypermitted high-grade milling facility in the historic Cobalt Camp ofOntario, where the Company has established a unique positionintegrating high-grade silver discovery with strategic metals recoveryoperations. The Company's flagship Castle property encompasses 63 sq.km of exploration ground and the past-producing Castle Mine,complemented by the Castle East discovery where drilling hasdelineated 7.56 million ounces of silver in Inferred resources gradingan average of 8,582 g/t Ag (250.2 oz/ton).
Nord's integrated processing strategy leverages thesynergistic value of multiple metals. High-grade silver recoverysupports the economics of extracting critical minerals includingcobalt, nickel, and other battery metals, while the company'sproprietary Re-2Ox hydrometallurgical process enables production oftechnical-grade cobalt sulphate and nickel-manganese-cobalt (NMC)formulations. This multi-metal approach, combined with establishedinfrastructure including TTL Laboratories and underground mine access,positions Nord to capitalize on both precious metals markets and thegrowing demand for battery materials.
The Company maintains a strategic portfolio of battery
metals properties in Northern Quebec including its 35% ownership in
Coniagas Battery Metals Inc. COS as well as the St.
Denis-Sangster lithium project comprising 260 square kilometers of
prospective ground near Cochrane, Ontario.
More information is available at www.nordpreciousmetals.com.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Caution Regarding
Forward-Looking Statements
This news release may contain
forward-looking statements which include, but are not limited to,
comments that involve future events and conditions, which are subject
to various risks and uncertainties. Except for statements of
historical facts, comments that address resource potential, upcoming
work programs, geological interpretations, receipt and security of
mineral property titles, availability of funds, and others are
forward-looking. Forward-looking statements are not guarantees of
future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause
actual results to vary materially from forward-looking statements.
The Company does not
undertake to update any forward-looking information in this news
release or other communications unless required by law.
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