Original News Release
Nord Precious Metals raises $1.2-million
Mr. Frank Basa reports
NORD PRECIOUS METALS CLOSES NON-BROKERED PRIVATE PLACEMENT RAISING A AGGREGATE OF $1,228,408
Further to the news release of July 25, 2025, Nord Precious Metals Mining Inc. has closed the second and final tranche of a non-brokered private placement financing by issuing 400,000 units at a price of 12 cents per unit for gross proceeds of $48,000 and has closed a total of $228,400 in both tranches.
Each unit consisted of one common share of the company and one share purchase warrant. Each whole warrant entitles 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.
Finders' fees in the amount of $3,360 in cash and 28,000 non-transferable finder warrants were paid in connection with the final unit tranche closing. The finder warrants are at an exercise price of 15.5 cents per share for a period of five years from closing.
Additionally, the company has revised the terms of the flow-through financing as previously announced in its July 25, 2025, news and is issuing 8,333,400 FT units at a price of 12 cents per FT unit for gross proceeds of $1,000,008.
Each FT unit consisted of one flow-through common share of the company and one share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional common share of the company at an exercise price of 18 cents per share for a period of two years from closing.
Finders' fees in the amount of $70,000.56 in cash and 550,060 non-transferable finder warrants were paid in connection with the final FT unit tranche closing. The finder warrants are at an exercise price of 18 cents per share for a period of two years from closing.
All securities issued in connection with the units, the FT units and the finder fee warrants are subject to TSX Venture Exchange final approval and a four-month-and-a-day hold period in accordance with applicable Canadian securities laws.
The proceeds of the unit 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.
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