Nord Precious Metals Closes Fully Subscribed Non-Brokered LIFE Financing and Concurrent Non-Brokered Private Placement Raising an Aggregate of $4,000,000

Executive Summary

• Nord Precious Metals closed a combined financing raising $4,000,000 in gross proceeds.
• The offering consisted of 13,056,041 units sold at $0.12 per share under the LIFE exemption and a non‑brokered private placement of 20,277,292 units at the same price.
• Proceeds will fund tailings recovery testing, pilot‑scale Re‑2Ox process work, continued diamond drilling on Castle East, resource estimate updates, and general working capital.

Key Details

• LIFE Offering: 13,056,041 units @ $0.12 per share → $1,566,724 gross proceeds.
• Non‑brokered Private Placement: 20,277,292 units @ $0.12 per share → $2,433,275 gross proceeds.
• Unit Composition: Each unit includes one common share and one common share purchase warrant.
• Warrant Terms: Exercise price $0.155, exercisable for five years after closing.
• Hold Period: Units from the private placement subject to a four‑month‑and‑one‑day hold period under Canadian securities law.
• Finder Compensation: Research Capital Corp. received cash fee of $226,256 and 1,885,467 non‑transferable finder warrants (exercise price $0.12, five‑year term).
• Advisory Fee: Research paid a work fee of $25,000 and issued 175,000 advisor shares at a deemed price of $0.12 per share; these shares also carry the four‑month‑and‑one‑day hold period.
• Insider Participation: Insiders purchased 1,533,333 units in the private placement (related‑party transaction under MI 61‑101). No new insiders or control persons were created.
• Use of Proceeds:
• Test tailings recovery via Ontario Ministry’s Recovery Permit.
• Continue pilot‑scale testing of the Re‑2Ox hydrometallurgical process with SGS Lakefield.
• Ongoing diamond drilling on Castle East to test new targets and update the resource estimate.
• General working capital.
• Regulatory Framework: Offering made under NI 45‑106 (LIFE) and Part 5A of National Instrument 45‑106; units free‑trading in Canada (except Quebec); U.S. subscribers subject to additional trade restrictions.

Notable Quotes

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