Nord Precious Metals Announces Non-Brokered LIFE Financing

Executive Summary

• Nord Precious Metals Mining Inc. announced a non‑brokered private placement of 8.33 M to 33.33 M Units at $0.12 per share, targeting gross proceeds of $1 M–$4 M.
• Each Unit contains one common share and one warrant (exercise price $0.155, five‑year term).
• Proceeds will fund tailings‑recovery testing, pilot‑scale Re‑2Ox process work, continued diamond drilling at Castle East, and general corporate expenses.

Key Details

• Units Offered: Minimum 8,333,333 Units; Maximum 33,333,333 Units.
• Price per Unit: $0.12 (equivalent to $0.12 per common share).
• Aggregate Gross Proceeds: Minimum $1,000,000; Maximum up to $4,000,000.
• Unit Composition:
• 1 Common Share of Nord Precious Metals Mining Inc.
• 1 Common Share Purchase Warrant (exercise price $0.155, exercisable for five years from closing).
• Finder Arrangement: Research Capital Corporation engaged as exclusive finder; receives cash commission equal to 8 % of gross proceeds and Finder’s Warrants equal to 8 % of Units sold to its introduced subscribers.
• Advisory Agreement:
• Advisor fee: $25,000 cash.
• Issuance of 175,000 advisor shares at a deemed price of $0.12 per share (subject to a four‑month + one‑day hold period).
• Use of Proceeds:
• Test tailings recovery under Ontario Ministry’s Recovery Permit.
• Continue pilot‑scale testing of the Re‑2Ox hydrometallurgical process with SGS Lakefield.
• Fund diamond drilling on Castle East to target new intersections and update the resource estimate.
• Cover administrative expenses (legal, audit, overhead, consulting) for the next 12 months.
• Closing Date: Expected on or about September 26 2025, subject to regulatory approvals including TSX Venture Exchange acceptance.
• Regulatory Framework: Offering made under NI 45‑106 Listed Issuer Financing Exemption (Part 5A), available in all Canadian provinces except Quebec and other qualifying jurisdictions (including the U.S., with additional trade restrictions).

Notable Quotes

“Our primary business objective over the next 12 months is to increase the silver resource at Castle East and identify potential economics of tailings processing and metal recovery from tailings.” – Frank J. Basa, CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.