NTH:CC - Nord Precious Metals Announces Non-Brokered LIFE Financing
(TheNewswire)
September 15, 2025 – TheNewswire - Nord Precious MetalsMining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) (the"Company" or "Nord") announces a non-brokered Listed IssuerFinancing Exemption (LIFE) private placement (the"Offering") consisting of a minimum of 8,333,333 Units and a maximum of 33,333,333 Units at a price of $0.12 per share for a minimum aggregate gross proceeds of $1,000,000, and amaximum gross proceeds of up to $4,000,000. The Company has engagedResearch Capital Corporation (the "Finder") as exclusivefinders to assist with the Offering (the "Finder").
Each Unit will consist of one common share of theCompany ("Common Share") and one common share purchasewarrant of the Company ("Warrant"). Each Warrant willentitle the holder to purchase an additional Common Share at anexercise price of $0.155 for a period of five years following theclosing of the Offering.
Nord’s primary business objective over the next12 months is to increase the silver resource atthe Castle East property and identify potential economics of tailingsprocessing and metal recovery from tailings.
Nord intends to use the net proceeds from the Offeringto test tailings recovery through the Ontario Ministry’s uniqueRecovery Permit and continue pilot scale testing of the Re-2Ox processwith SGS Lakefield. Diamond drilling will continue on the CastleEast Property to test new targets and, using new intersections, updatethe Company’s Resource Estimate.
Over the next 12 months, Nord expects to:
Advance Castle East targeting and resource work. Beginthe fall drill program guided by the recent 3D model, reinterpretationand incorporate results into the next resource update. (Press Release, August 26, 2025).
Submit Recovery Permit materials and prepare potentialtolling templates. Finalize the single-application approach that mayinclude potential toll processing of adjacent properties, andstandardize commercial tolling templates for district tailingsowners.
Progress Re-2Ox from bench to pilot with SGS Lakefield.Complete arsenic-balance work, unit-op selection, and pilot-readytestwork; maintain refinery optionality under the non-binding MOU. (Press Releases, 2018;February 6, 2025; June 2025).
fund administrative expenses including legal, audit,overhead and consulting fees for the ensuing 12 months.
The Units will be offered for sale pursuant to theListed Issuer Financing Exemption under Part 5A of National Instrument45-106 - ProspectusExemptions (“NI 45-106”). as amended byCoordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed IssuerFinancing Exemption and Section 2.3 of TheOffering is being made in all provinces of Canada (except Quebec) andother qualifying jurisdictions, including the United States. The Unitsoffered under the Listed Issuer Financing Exemption will beimmediately " free-trading " under applicable Canadiansecurities laws. Units sold to subscribers resident in the UnitedStates will be subject to additional restrictions on trade.
There is an offering document (the "OfferingDocument") related to this Offering that can be accessed underthe Company's profile at www.sedarplus.ca and at the Company's website at www.nordpreciousmetals . Prospectiveinvestors should read this Offering Document before making aninvestment decision.
The Offering is anticipated to close on or aboutSeptember 26, 2025 ("Closing"), or such later date as theCompany may determine. The Closing is subject to certain conditionsincluding, but not limited to, the receipt ofall necessary regulatory and other approvals, including the approvalof the TSX Venture Exchange.
The Finders will receive a cash commission of 8% of theaggregate gross proceeds of the Offering from subscribers introducedto the Company by the Finders and such number of finder'swarrants (the "Finder's Warrants") as is equal to8% ofthe number of Units sold under the Offering to subscribers introducedto the Company by the Finders. Each Finder's Warrant entitles theholder to purchase one Common Share at an exercise price equal to theOffering Price for a period of 5 years from the date of theClosing.
In connection with the Offering, the Company hasentered into an Advisory Agreement with Research Capital Corporation(the " Advisor "), pursuant to which the Advisor provided financialadvisory, consulting, and support services in connection with theOffering (the " Advisory Services "). In consideration for the Advisory Services, theCompany will pay the Advisor a work fee equal to $25,000 (the"Fee") and issue 175,000 advisor shares (the" Advisor Shares ") at a deemed price of $0.12 per share. The AdvisorShares will be subject to a four month and one day hold period inaccordance with Canadian securities laws.
To the extent that any directors and/or officers of theCompany (collectively, the "Insiders") participate in theOffering, such participation will constitute a "related partytransaction" within the meaning of Multilateral Instrument 61-101- Protection of MinoritySecurity Holders in Special Transactions ("MI 61-101"). The Company expects anyparticipation by the Insiders in the Offering will be exempt from theformal valuation and minority shareholder approval requirements of MI61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based onthe fact that neither the fair market value of the Units subscribedfor by the Insiders, nor the consideration for the Units to be paid bythe Insiders, will exceed 25% of the Company's marketcapitalization.
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 63sq. 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 leveragesthe synergistic 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
“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.