(TheNewswire)
Coquitlam, BC / TheNewswire / March 13,2024 – Nord Precious Metals Mining Inc. (TSXV:NTH) (OTC:CCWOF)(F RA :4T9B)("Nord" or the “Company”) and Coniagas Battery MetalsInc. (TSXV:COS) (“Coniagas”) announce that the date on which Coniagas anticipates that it will starttrading on the TSX Venture Exchange has been changed to Monday,March 18, 2024, as of market open. Coniagas will trade under thesymbol "COS".
Nord also announces that shareholders of record at theclose of business on March 6, 2024 (the “Distribution RecordDate”) will receive on March 14, 2024 one Coniagas common share andone-half of a Coniagas common share purchase warrant for every 51.5771Nord shares held.
As previously announced, Nord’s shareholders ofrecord on the Distribution Record Date will receive an aggregate of5,874,600 Coniagas common shares and 2,937,300 Coniagas common sharepurchase warrants on a prorata basis based on the number of issued andoutstanding common shares of Nord on the Distribution Record Date. Nofractional Coniagas common shares or warrants will be distributed toNord’s shareholders; all fractional amounts will be rounded down tothe next whole number without any compensation therefor. Any Coniagascommon shares or warrants not distributed as a result of rounding downwill be held by Nord. Each full warrant will entitle the holderthereof to purchase one additional Coniagas common share at a price of$0.40 for a period of 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 toAgnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontariowhere it is exploring; and (3) St. Denis-Sangster lithium project –260 square kilometers of greenfield exploration ground with numerouspegmatites focussed along a significant volcanic sedimentary rock –Archean granite contact near Cochrane, Ontario contiguous to PowerMetals’ 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 Coniagas trading on the TSX Venture Exchange,resource potential, upcoming work programs, geologicalinterpretations, receipt and security of mineral property titles,availability of funds, and others are forward-looking. No assurancecan be given that any of the foregoing will be achieved.Forward-looking statements are not guarantees of future performanceand actual results may vary materially from those statements. Generalbusiness conditions are factors that could cause actual results tovary materially from forward-looking statements. A detailed discussionof the risk factors in connection with the proposed plan ofarrangement is set out in the Company’s management informationcircular, which is available under the Company’s profile on SEDAR+at www.sedarplus.ca and on the Company’s website .
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