NTH:CC - Nord Precious Metals Announces FT Unit Private Placement
(TheNewswire)
June 3, 2025 – TheNewswire - Nord Precious Metals Mining Inc. (TSX.V: NTH)(OTCQB: CCWOF) (FRANKFURT: 4T9B) (the "Company" or"Nord") is pleased to announce a nonbrokered private placement financing of 7,142,857 flow- through units(“FT Units”) at a price of $0.14 per FT Unit raising grossproceeds of $1,000,000.
Each FT Unit is comprised of one common share of theCompany and one share purchase warrant. Each whole warrant willentitle the holder thereof to purchase one additional common share ofthe Company at an exercise price of $0.20 per share, for a period oftwo years from closing, subject to TSX Venture Exchange(“Exchange”) approval.
Finder’s fees may be paid in connection with thefinancing. Any finder’s fees paid are also subject to Exchangeapproval.
All securities issued in connection with the FT Unitsand finder’s fees are subject to a four-month and a day hold periodin accordance with applicable Canadian Securities laws.
The proceeds from the FT Unit private placement will beused for exploration on its Castle East Project, Gowganda,Ontario.
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 Inferredresources grading an average of 8,582g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections(1A and 1B) of the Castle East Robinson Zone, beginning at a verticaldepth of approximately 400 meters. Note that mineral resources thatare not mineral reserves and do not have demonstrated economicviability. Please refer to the Nord Precious Metals PressRelease May 28, 2020, for theresource estimate.
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 through 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.
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