Nord Precious closes $2.2M first tranche of placement

Mr. Frank Basa reports NORD PRECIOUS METALS CLOSES FIRST TRANCHE OF CRITICAL MINERAL FLOW-THROUGH UNIT NON-BROKERED PRIVATE PLACEMENT Further to the news release dated Dec. 1, 2025, Nord Precious Metals Mining Inc. has closed the first tranche of a non-brokered flow-through-unit private placement financing by issuing 8,826,000 units at a price of 25 cents per FT unit raising gross proceeds of $2,206,500. The company also plans to issue up to an additional 7,174,000 FT units at a price of 25 cents per FT unit raising gross proceeds of up to $1,7935,500 prior to Dec. 31, 2025, subject to final TSX Venture Exchange acceptance. Each FT unit is composed of one common share and one-half of one share purchase warrant of the corporation, whereby each whole warrant entitles the holder to purchase an additional share for a period of two years from closing at a price of 28 cents per warrant share, subject to acceleration terms. The acceleration clause of the warrants will provide that, if, over a period of 10 consecutive trading days between the date of issuance and the expiry of the warrants, the daily volume-weighted average trading price of the common shares of the corporation on the TSX Venture Exchange (or such other stock exchange where the majority of the trading volume occurs) exceeds 36 cents for each of those 10 consecutive days, the corporation may, at any time after such an occurrence, give written notice (by news release) to the holders of the warrants that the warrants will expire at 4 p.m. Vancouver time on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the warrants will have 30 days to exercise their warrants. Any warrants which remain unexercised at 4 p.m. Vancouver time on the 30th day following the giving of such notice will expire at that time. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day following the closing date of the private placement in accordance with applicable Canadian securities laws and the policies of the exchange. The corporation also agreed to pay an engagement fee to Research Capital Corp. in the amount of $25,000 and 100,000 common shares at a deemed value of 25 cents per share with a four-month-and-one-day hold period as required under applicable Canadian securities laws. The corporation also agreed to pay to the finder non-transferable warrants entitling the finder or its subfinders, as applicable, to purchase up to a total of 706,080 common shares of the company and $202,770 in cash in connection with the first tranche FT units, subject to exchange acceptance. Each finder warrant is exercisable at 25 cents per share for a period of two years from closing, also subject to the acceleration clause above. The finders' fees are subject to exchange approval. All securities issued in connection with the FT units, finder shares and finder warrants, and finder warrant shares are subject to a four-month-and-a-day hold period in accordance with applicable Canadian securities laws. The company will use the gross proceeds from the issuance of FT unit private placement for exploration on its Castle East project, which will incur Canadian exploration expenses and qualify as flow-through critical mineral mining expenditures, as such terms are defined in the Income Tax Act (Canada). 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) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson zone, beginning at a vertical depth of approximately 400 metres. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to the Nord Precious Metals' press release dated May 27, 2020, for the resource estimate. 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 through its 35-per-cent ownership in Coniagas Battery Metals Inc., as well as the St. Denis-Sangster lithium project comprising 32 square kilometres of prospective ground near Cochrane, Ont. We seek Safe Harbor.