Nord Precious Metals Announces Unit Financing

• Financing: On April 9, 2026, Nord Precious Metals announced a non-brokered private placement of up to 13,333,333 units at $0.15 per unit, targeting gross proceeds of $2 million. Each unit includes one common share and one warrant (exercise price $0.20 for three years).
• Use of Proceeds: Funds are designated for exploration on the Castle East Project in Gowganda, Ontario, plus general working capital and administration costs.
• Recent Acquisition Context: This financing follows the closing of a strategic acquisition on April 1, 2026 (four mining leases adding ~1.94 Mt tailings) and an engineering engagement on April 8, 2026 to design silver recovery from legacy tailings.
• Management Commentary: CEO Frank J. Basa stated the financing provides "essential capital to advance our Castle East exploration program while supporting ongoing working capital needs."

• Capital Adequacy: The $2 million raise is critical for sustaining operations following the cash outlay ($1M) and share issuance associated with the March 31 acquisition closing. Without this capital, the company risks liquidity constraints during the exploration phase required to validate the acquired tailings resources.
• Dilution Risk: This marks the third significant equity raise in six months (Oct 2025: ~$4M; Dec 2025: ~$1.5M; Mar 2026: ~$1.5M; Apr 2026: $2M). The cumulative dilution is substantial and poses a risk to existing shareholder value, though the discount ($0.15 vs $0.18 market price) is standard for private placements.
• Strategic Alignment: The capital directly supports the "Path to Production" narrative established in early 2026 news (Jan-April). It validates management's ability to execute on the acquisition and engineering plans announced immediately prior.
• Market Reaction Expectation: Given the history of financings, this is likely priced into the stock. The discount to market price may cap immediate upside, but failure to raise would have been a negative catalyst.

• Company: Nord Precious Metals Mining Inc. operates in Ontario's historic Cobalt/Gowganda Silver Camp.
• Flagship Project: The Castle East Project (Gowganda, Ontario) and the integrated TTL Laboratories processing hub in Cobalt.
• Asset Base: Recently expanded to 789.7 ha covering eight historic shafts following the March/April 2026 acquisition of four mining leases from Battery Mineral Resources Corp.
• Processing Capability: Holds a permitted high-grade milling facility (TTL Laboratories) and has acquired a 600 t/d modular gravity plant for tailings processing, targeting 2026 production.
• Resource Status: Castle East holds historical inferred resources of 7.56 million oz Ag (8,582 g/t). Acquired tailings add ~2.96 million oz Ag (historical estimate, not yet NI 43-101 verified).