(TheNewswire)
Coquitlam, BC – TheNewswire - March 11,2024 – Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF)(Frankfurt: 4T9B) ("Nord" or the “Company”) is pleasedto announce that the common shares of itssubsidiary Coniagas Battery Metals Inc. (“Coniagas”) have beenapproved for listing on the TSX Venture Exchange (the"TSXV"). Coniagas is expected to begin trading on the TSXVunder the trading symbol "COS" as of market open on March13, 2024.
Effective today, Nord’s shareholders of record at theclose of business on March 6, 2024 (the “Distribution RecordDate”) will receive one Coniagas common share and one-half of aConiagas common share purchase warrant for every 51.5771 Nord sharesheld. Nord’s shareholders of record on the Distribution Record Datewill receive an aggregate of 5,874,600 Coniagas common shares and2,937,300 Coniagas common share purchase warrants on a pro rata basis basedon the 302,994,947 common shares of Nord issued and outstanding on theDistribution Record Date. No fractional Coniagas common shares orwarrants are being distributed to Nord’s shareholders; allfractional amounts will be rounded down to the next whole numberwithout any compensation therefor. Any Coniagas common shares orwarrants not distributed as a result of rounding down will be held byNord. Each full warrant will entitle the holder thereof to purchaseone additional Coniagas common share at a price of $0.40 for a periodof two years.
A copy of Coniagas’ TSX Venture Exchange ListingApplication is available under the SEDAR+ profiles of Nord andConiagas at www.sedarplus.ca.
About Coniagas Battery MetalsInc.
Following the closing of its previously-announced planof arrangement, Coniagas Battery Metals Inc. will be a publicly-tradedexploration and mining company focused on nickel, copper and cobalt innorthern Québec. Coniagas has a near-term goal of completing the workprogram set out in the “NI 43-101 Technical Report Graal Nickel& Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada” datedJanuary 17, 2024, which has the following goals: (i) diamond drillingprogram for 2,000 m of NQ drilling; (ii) metallurgical testing -Develop Process engineering Flowsheet and Pilot plant tests; and (iii)assessment report and consultations with First Nations of Pessamit& Masteuiash.
Coniagas’ strategy is to focus on creating value forstakeholders through the development of its mineral properties for thepurpose of mineral exploration and exploitation, with the intention todevelop Coniagas into a supplier to the EV market. At present,Coniagas is an exploration-stage company with no producing propertiesor material assets.
About Nord Precious Metals MiningInc.
Nord Precious Metals Inc. (formerly Canada SilverCobalt Works Inc.) recently discovered a major high-grade silver veinsystem at Castle East located 1.5 km from its 100%-owned,past-producing Castle Mine near Gowganda in the prolific andworld-class silver-cobalt mining district of Northern Ontario. TheCompany has completed a 60,000 m drill program aimed at expanding thesize of the deposit with an update to the resource estimateunderway.
In May 2020, based on a small initial drill program,the Company published the region’s first 43-101 resource estimatethat contained a total of 7.56 million ounces of silver in Inferredresources, comprising very high-grade silver (8,582 grams per tonneun-cut or 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 Nord’s Press Release dated May 28, 2020,for the resource estimate. Report reference: Rachidi, M. 2020, NI43-101 Technical Report Mineral Resource Estimate for Castle East,Robinson Zone, Ontario, Canada, with an effective date of May 28,2020, and a signature date of July 13, 2020.
The Company also has: (1) 14 battery metals propertiesin Northern Quebec where it has recently completed a nearly16,000-metre drill program on the Graal property; (2) the prospective1,000-hectare Eby-Otto gold property close to Agnico Eagle’shigh-grade Macassa Mine near Kirkland Lake, Ontario where it isexploring; and (3) St. Denis-Sangster lithium project – 260 squarekilometers of greenfield exploration ground with numerous pegmatitesfocussed along a significant volcanic sedimentary rock – Archeangranite contact near Cochrane, Ontario contiguous to Power Metals’Case Lake Lithium properties.
Nord’s flagship silver-cobalt Castle mine and 78 sq.km Castle property feature strong exploration upside for silver,cobalt, nickel, gold, and copper. With underground access at the fullyowned Castle Mine, an exceptional high-grade silver discovery atCastle East, a pilot plant to produce cobalt-rich gravityconcentrates, a processing facility (TTL Laboratories) in the town ofCobalt, and a proprietary hydrometallurgical process known as Re-2Ox(for the creation of technical-grade cobalt sulphate as well asnickel-manganese-cobalt (NMC) formulations), Nord is strategicallypositioned to become a Canadian leader in the silver-cobalt space.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. Ontario
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
Neither the TSX Venture Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Caution RegardingForward-Looking Statements
This news release may containforward-looking statements regarding Nord Precious Metals Mining Inc.(the “Company”) and Coniagas Battery Metals Inc. (“Coniagas”)which include, but are not limited to, comments that involve futureevents and conditions, which are subject to various risks anduncertainties. Except for statements of historical facts, commentsthat address the proposed distribution of common shares and commonshare purchase warrants of Coniagas to the shareholders of the Companyand Coniagas trading on the TSX Venture Exchange, resource potential,upcoming work programs, geological interpretations, receipt andsecurity of mineral property titles, availability of funds, and othersare forward-looking. No assurance can be given that any of theforegoing will be achieved. Forward-looking statements are notguarantees of future performance and actual results may varymaterially from those statements. General business conditions arefactors that could cause actual results to vary materially fromforward-looking statements. A detailed discussion of the risk factorsin connection with the proposed plan of arrangement is set out in theCompany’s management information circular, which is available underthe Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’swebsite .
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