Nord Precious Metals Announces Amendment to Its Non-Brokered LIFE Financing

Executive Summary

• Nord Precious Metals amends its LIFE offering, now seeking to raise a total of ~ $4.0 M through two tranches: 13,056,041 units at $0.12 per unit ($1.57 M) and a non‑brokered private placement of up to 20,277,292 units at $0.12 per unit ($2.43 M).
• Each unit consists of one common share and one warrant (exercise price $0.155, five‑year term); Finder’s Warrants and Advisor Shares are also being issued with an 8% cash commission to the finder and a $25,000 advisory fee plus 175,000 advisor shares.
• Proceeds will fund tailings‑recovery testing, pilot‑scale Re‑2Ox process work, continued diamond drilling at Castle East, and general corporate expenses over the next 12 months.

Key Details

• Offering Structure
• LIFE tranche: 13,056,041 units @ $0.12 per unit → gross proceeds $1,566,724.
• Private placement tranche: up to 20,277,292 units @ $0.12 per unit → gross proceeds $2,433,275.
• Unit Composition – 1 common share + 1 common‑share purchase warrant (exercise price $0.155, exercisable for five years after closing).
• Finder Compensation – Cash commission equal to 8% of aggregate gross proceeds plus Finder’s Warrants equal to 8% of units sold to subscribers introduced by the finder.
• Advisor Agreement – Research Capital Corp. receives a $25,000 work fee and 175,000 advisor shares (deemed price $0.12) 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.
• Diamond drilling on Castle East to test new targets and generate data for a resource update.
• Fund administrative, legal, audit, overhead and consulting expenses for the next 12 months.
• Closing Timeline – Anticipated closing around October 9, 2025, subject to regulatory approvals (including TSX‑V).
• Regulatory Framework – Offering made under NI 45‑106 Listed Issuer Financing Exemption, coordinated blanket order 45‑935; units free‑trading in Canada (except Quebec) and other qualifying jurisdictions, with additional U.S. resale restrictions.
• Hold Periods – Finder Warrants and Advisor Shares subject to a four‑month + one‑day hold period per Canadian securities law.

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.