Nord Precious Metals arranges $4-million financing

Executive Summary

• Nord Precious Metals announced a non‑brokered LIFE private placement of 8.33 M–33.33 M units at C$0.12 per unit, targeting up to C$4 million gross proceeds.
• Each unit includes one common share and one warrant (exercise price C$0.155, five‑year term).
• Proceeds will fund tailings‑recovery testing, pilot‑scale Re‑2Ox processing, continued diamond drilling at Castle East, and related administrative expenses.

Key Details

• Offering Size: Minimum 8,333,333 units; maximum 33,333,333 units.
• Price per Unit: C$0.12 (equivalent to C$0.12 per common share).
• Gross Proceeds: Minimum C$1 million; maximum up to C$4 million.
• Unit Composition: 1 common share + 1 common‑share purchase warrant.
• Warrant Terms: Exercise price C$0.155 per share; exercisable for five years after closing.
• Closing Date: Expected on or about September 26, 2025 (subject to regulatory approvals and TSX‑V exchange clearance).
• Finder Compensation: 8% cash commission of gross proceeds plus warrants equal to 8% of units sold to finder‑introduced subscribers.
• Advisory Agreement: Research Capital Corp. receives a $25,000 work fee and 175,000 adviser shares at C$0.12 per share; shares subject to a four‑month‑and‑one‑day hold period.
• Use of Proceeds:
• Test tailings recovery under Ontario Ministry permit.
• Continue pilot‑scale Re‑2Ox process development with SGS Lakefield (arsenic‑balance work, unit‑op selection).
• Diamond drilling at Castle East to test new targets and update resource estimate.
• Finance administrative expenses (legal, audit, overhead, consulting).
• Related Party Participation: Insiders may subscribe; transaction expected to be exempt from MI 61‑101 valuation/approval thresholds (<25% market cap).

Notable Quotes

(No direct quotes were provided in the release.)