NTH:CC - Nord Announces MCTO Status
(TheNewswire)
July 9, 2025 – TheNewswire - Coquitlam, BC, Nord Precious Metals Mining Inc., (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt: 4T9B)(the "Company" or "Nord) isproviding this bi-weekly update on the status of the management ceasetrade order issued May 1, 2025 (the "MCTO") concerning thedelay of the filing of its annual financial statements in respect ofits year ended December 31, 2024, its management discussion andanalysis relating to its annual financial statements, and the CEO andCFO certifications (Collectively the “Annual Filings”). TheCompany announces that its principal regulator, the British ColumbiaSecurities Commission, has granted an extension to the existingmanagement cease trade order granted on May 1, 2025 (the"MCTO") from June 30 to July 14, 2025. The MCTO was granteddue to a delay in the filing of the audited consolidated financialstatements for the year ended December 31, 2024, annual managementdiscussion and analysis for the same period and managementcertification of annual filings (collectively, the"Filings").
Subsequent to the Annual Filings the Company will alsobe required to file it’s Q1 interim financial statements in respectof its 3-month period ended March 31, 2025, its management discussionand analysis relating to its 3-month period, and the CEO and CFOcertifications (collectively, the "Interim Filings.")
The MCTO will stay in effect until both the Annual andInterim Filings are filed and the Company intends to satisfy theprovisions of the alternative information guidelines in accordancewith National Policy 12-203 - Management Cease Trade Orders ("NP12-203") by issuing bi-weekly default status reports in the formof news releases until the situation is satisfactorily rectified. TheMCTO restricts the Company's Chief Executive Officer and the ChiefFinancial Officer from trading in the Company's securities but doesnot affect the ability of other shareholders, including the public, totrade in securities of the Company.
The Company confirms that it will continue to satisfythe provisions of the alternative information guidelines under NP12-203 by issuing bi-weekly default status reporting in the form ofnews releases for so long as it remains in default of the above notedfiling requirements.
About Nord Precious Metals MiningInc.
Nord Precious Metals Mining Inc. operates the onlypermitted high-grade milling facility in the historic Cobalt Camp ofOntario, where the Company has established a unique positionintegrating high-grade silver discovery with strategic metals recoveryoperations. The Company's flagship Castle property encompasses 63 sq.km of exploration ground and the past-producing Castle Mine,complemented by the Castle East discovery where drilling hasdelineated 7.56 million ounces of silver in Inferred resources gradingan average of 8,582 g/t Ag (250.2 oz/ton).
Nord's integrated processing strategy leverages thesynergistic value of multiple metals. High-grade silver recoverysupports the economics of extracting critical minerals includingcobalt, nickel, and other battery metals, while the company'sproprietary Re-2Ox hydrometallurgical process enables production oftechnical-grade cobalt sulphate and nickel-manganese-cobalt (NMC)formulations. This multi-metal approach, combined with establishedinfrastructure including TTL Laboratories and underground mine access,positions Nord to capitalize on both precious metals markets and thegrowing demand for battery materials.
The Company maintains a strategic portfolio of batterymetals properties in Northern Quebec including its 35% ownership inConiagas Battery Metals Inc. (TSXV: COS) as well as the St.Denis-Sangster lithium project comprising 260 square kilometers ofprospective ground near Cochrane, Ontario.
More information is available at www.nordpreciousmetals.com .
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Caution RegardingForward-Looking Statements
This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-looking statements. The Company does notundertake to update any forward-looking information in this newsrelease or other communications unless required by law.
Copyright (c) 2025 TheNewswire - All rights reserved.