NTH:CC - Nord Precious Metals Closes Non-Brokered Private Placement Raising a Aggregate of $1,228,408
(TheNewswire)
August 8, 2025 – TheNewswire - Nord Precious Metals Mining Inc. (TSX.V: NTH)(OTCQB: CCWOF) (FRANKFURT: 4T9B) (the "Company" or"Nord") announces that further to its news release of July 25, 2025, the Company has closed the 2 nd and finaltranche of a non brokered private placement financing by issuing400,000 units (“Units”) at a price of $0.12 per Unit for grossproceeds of $48,000 and has closed a total of $228,400 in bothtranches.
Each Unit consisted of one common share of the Companyand one share purchase warrant. Each whole warrant entitles the holderthereof to purchase one additional common share of the Company at anexercise price of $0.155 per share for a period of five years fromclosing.
Finder’s fees in the amount of $3,360 cash and 28,000non-transferable finder warrants were paid in connection with thefinal Unit tranche closing. The finder warrants are at an exerciseprice of $0.155 per share for a period of five years fromclosing.
Additionally the Company has revised the terms of theFlow-through (“FT”) financing as previously announced in its July25, 2025 news and is now issuing 8,333,400 FT Units at a price of$0.12 per FT Unit for gross proceeds of $1,000,008.
Each FT Unit consisted of one flow-through common shareof the Company and one share purchase warrant. Each whole warrantentitles the holder thereof to purchase one additional common share ofthe Company at an exercise price of $0.18 per share, for a period oftwo years from closing.
Finder’s fees in the amount of $70,000.56 cash and550,060 non-transferable finder warrants were paid in connection withthe final FT Unit tranche closing. The finder warrants are at an exercise price of $0.18 per share for a period oftwo years from closing.
All securities issued in connection with the Units, theFT Units and the finder’s fee warrants are subject to TSX VentureExchange final approval and a four-month and a day hold period inaccordance with applicable Canadian Securities laws.
The proceeds of the Unit private placement will be usedfor exploration on its Castle East Project,Gowganda, Ontario and for general working capital and administrativecosts . Proceeds from the FT Unit privateplacement will be used 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 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 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.