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Nord Precious Metals Closes Non-Brokered Critical Mineral Flow-Through Unit Private Placement

Source: TheNewsWire

(TheNewswire)

  

March 2, 2026 – TheNewswire- Nord Precious Metals Mining Inc. (TSX.V: NTH)(OTCQB: CCWOF) (FRANKFURT: 4T9B) (the "Company" or"Nord") announces the Company hasclosed a non brokered flow-through (“FT”) unit private placementfinancing by issuing 6,000,000 units (“FT Units”) at a price of$0.25 per FT Unit raising gross proceeds of $1,500,000 subject to final TSX Venture Exchange (“Exchange”)acceptance.

 

Each FT Unit is comprised of one common share (the“Shares) and half of one share purchase warrant (the “Warrants”)of the Corporation, whereby each whole Warrant entitles the holder topurchase an additional share for a period of two years from closing ata price of $0.40 per warrant share (the “Warrant Shares”).

 

The Corporation agreed to pay a Finder’s fee of $6%($90,000) cash and 6% (360,000) non-transferable warrants (“FinderWarrants”) in connection with the FT Units raised by the Finder. Each Finder Warrant is exercisable at $0.25 per share for a periodof two years from closing.  The Finder’s fees are also subject toExchange approval

 

All securities issued in connection with the FT Units,FT Shares, Warrants, Finders Warrants and Finder Warrant Shares aresubject to a four-month and a day hold period expiring on July 3,2026, in accordance with applicable Canadian Securities laws.

 

The Company will use the grossproceeds from the issuance of FT unit private placement forexploration on its Castle East Project, which will incur"Canadian exploration expenses" and qualify as"flow-through critical mineral mining expenditures", assuch terms are defined in the Income Tax Act (Canada).

 

About Nord Precious Metals MiningInc.

 

Nord Precious Metals Mining Inc. operates the only permittedhigh-grade milling facility in the historic Cobalt Camp of Ontario,where the Company has established a unique position integratinghigh-grade silver discovery with strategic metals recovery operations.The Company’s flagship Castle property encompasses 63 sq. km ofexploration ground and the past-producing Castle Mine, complemented bythe Castle East discovery where drilling has delineated 7.56 millionounces of silver in Inferred resources grading an average of 8,582 g/tAg (250.2 oz/ton) in 27,400 tonnes of material from two sections (1Aand 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 Press Release May27, 2020, for the resource estimate.  The above resource is nowconsidered an historical resource. Insufficient work has been done tocategorize the above historical estimate as current. Significantadditional diamond drilling and analytical work along with modellingis required before a new resource estimate can be compiled.

Nord's integrated processing strategy enables multiple metalrecovery streams. High-grade silver recovery supports the economics ofextracting critical minerals including cobalt, nickel, and otherbattery metals. The Re-2Ox hydrometallurgical process, validated atpilot scale through SGS Lakefield, eliminates the typical arsenicbarriers in complex silver-cobalt ores while producing battery-gradecobalt sulphate and other metal products to customer specifications.This multi-metal approach, combined with established infrastructureincluding TTL Laboratories and underground mine access, positions Nordwithin Ontario's emerging critical minerals supply chain.

 

The Company maintains a strategic portfolio of battery metalsproperties in Northern Quebec through its 35% ownership in ConiagasBattery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangsterlithium project comprising 32 square kilometers of prospective groundnear 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 Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of 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 of historical facts,comments that address resource potential, upcoming work programs, geological interpretations, receipt andsecurity of mineral property titles, availability of funds, and othersare forward-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-lookingstatements. The Company doesnot undertake to update any forward-looking information in this newsrelease or other communications unless required by law.

Copyright (c) 2026 TheNewswire - All rights reserved.

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