Nord Precious Metals Closes Non-Brokered Critical Mineral Flow-Through Unit Private Placement

Executive Summary

• Nord Precious Metals Mining Inc. closed a non‑brokered flow‑through (FT) unit private placement, issuing 6 million FT Units at $0.25 each for gross proceeds of $1.5 million.
• Each FT Unit consists of one common share and half of a share purchase warrant; the warrants allow purchase of additional shares at $0.40 per share for two years.
• Proceeds will be used to fund exploration on the Castle East Project, qualifying as flow‑through critical‑mineral mining expenditures under Canadian tax law.

Key Details

• Units Issued: 6,000,000 FT Units @ $0.25 per unit → Gross proceeds: $1,500,000 (subject to TSX Venture Exchange acceptance).
• Unit Composition: 1 common share + ½ share purchase warrant; each full warrant permits purchase of one additional share at $0.40 for two years from closing.
• Finder’s Fee: 6% cash ($90,000) plus 6% non‑transferable warrants (360,000 warrants). Finder Warrants exercisable at $0.25 per share for two years; fees also subject to Exchange approval.
• Holding Period: All securities issued are subject to a four‑month and one‑day hold period expiring July 3, 2026 under Canadian securities law.
• Use of Proceeds: Entire gross proceeds earmarked for exploration activities on the Castle East Project; expenses will be treated as “flow‑through critical mineral mining expenditures” for tax purposes.
• Project Context: Castle East discovery previously delineated 7.56 million ounces of inferred silver resources (average 8,582 g/t Ag) in 27,400 t from sections 1A and 1B; resource is currently considered historical and requires additional drilling and modelling for an updated estimate.

Notable Quotes

• “The capital raised will accelerate our exploration program at Castle East, positioning Nord to advance a high‑grade silver‑cobalt discovery within Ontario’s emerging critical minerals supply chain.” – Frank J. Basa, Chief Executive Officer.