Nord Precious Metals Closes Second and Final Tranche of Critical Mineral Flow-Through Unit Non-Brokered Private Placement

Executive Summary

• Nord Precious Metals closed the second and final tranche of its non‑brokered flow‑through unit private placement, issuing 1,196,000 FT Units at $0.25 each for gross proceeds of $479,000.
• The total amount raised across both tranches now equals $2,685,500, which will be used to fund exploration on the Castle East Project and qualify as flow‑through critical mineral mining expenditures under Canadian tax law.
• The financing includes accompanying warrants for investors and finder’s warrants (153,280 common shares and $38,320 cash) subject to TSX Venture Exchange approval and a four‑month plus one‑day statutory hold period.

Key Details

• Units Issued: 1,196,000 FT Units (each unit = 1 common share + ½ warrant).
• Pricing: $0.25 per FT Unit; warrants exercisable at $0.28 per share for two years from closing.
• Gross Proceeds – Current Tranche: $479,000.
• Cumulative Proceeds (both tranches): $2,685,500.
• Acceleration Clause: If TSX‑V average daily price exceeds $0.36 for ten consecutive trading days, the company may accelerate warrant expiry with a 30‑day exercise window after notice.
• Finder Compensation: Up to 153,280 common shares via non‑transferable finder warrants (exercisable at $0.25) and $38,320 cash; subject to exchange approval.
• Hold Period: All securities issued are subject to a statutory hold period of four months and one day.
• Use of Proceeds: Dedicated to exploration expenditures on the Castle East Project, qualifying as flow‑through critical mineral mining expenses under the Canadian Income Tax Act.
• Project Context: Castle East discovery currently delineates 7.56 M oz Ag in inferred resources (8,582 g/t Ag) across 27,400 t; the company highlights integrated processing of silver and battery metals (cobalt, nickel).

Notable Quotes

“Frank J. Basa, Chief Executive Officer” – provided contact information and sign‑off for the release.