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Nord Precious Metals Announces Shares for Debt Transaction — TradingView News
Nord Precious Metals Mining Inc. Achieves Key Financial Milestone with Debt Settlement
On April 8, 2025, Nord Precious Metals Mining Inc. (OTCQB: CCWOF) announced a significant development in its financial strategy. The Coquitlam, BC-based company has successfully negotiated a debt repayment plan totaling $829,112.64 through the issuance of 6,909,272 common shares at a deemed price of $0.12 each. This strategic "Shares for Debt Transaction" comes as part of the company’s ongoing efforts to enhance its financial health and operational viability.
Overview of the Debt Transaction
The issued shares in this transaction will be allocated to arm’s length parties, meaning no insider relationships are involved, and they remain subject to the approval of the TSX Venture Exchange. Additionally, all securities are placed under a hold period of four months plus a day, according to relevant securities laws and exchange policies, maintaining compliance with the regulatory framework.
About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. holds a unique position in the mining sector, primarily due to its operation of the only permitted high-grade milling facility within Ontario’s historic Cobalt Camp. At the heart of the company’s operations is the Castle property, a comprehensive 63 sq. km exploration site that includes the previously productive Castle Mine and the promising Castle East discovery. Notably, the Castle East drilling has revealed approximately 7.56 million ounces of silver in inferred resources, averaging an impressive 8,582 grams per ton.
Innovative Multi-Metal Extraction Strategy
Nord Precious Metals employs a synergistic approach in its processing strategy, effectively combining the extraction of precious metals with critical minerals essential for battery technology, such as cobalt and nickel. The company’s proprietary Re-2Ox hydrometallurgical process is a cornerstone of its innovative methodology, enabling the production of high-grade cobalt sulphate and nickel-manganese-cobalt (NMC) formulations. This multi-faceted approach not only enhances economic viability but also positions Nord favorably in a rapidly evolving market driven by the increasing demand for sustainable energy solutions.
Strategic Battery Metals Portfolio
In addition to its silver operations, Nord Precious Metals is strategically expanding its portfolio within the battery metals sector. This includes a 35% stake in Coniagas Battery Metals Inc. (CCOS) and the St. Denis-Sangster lithium project. The latter encompasses 260 square kilometers of promising ground near Cochrane, Ontario, positioning the company to leverage the growing market for lithium-ion battery materials.
Conclusion
Nord Precious Metals Mining Inc. is navigating a transformative period marked by significant financial maneuvering and ambitious growth strategies. By settling debts through share issuance, the company not only improves its financial footing but also underlines its commitment to innovation in the mining sector. As the global demand for sustainable energy solutions continues to rise, Nord is strategically poised to capitalize on both its precious and battery metals operations, contributing to a more sustainable future while enhancing shareholder value.
For further inquiries, stakeholders and interested parties can reach out to:
Frank J. Basa, P. Eng.
Chief Executive Officer
Phone: 416-625-2342
Wayne Cheveldayoff
Corporate Communications
Phone: 416-710-2410
Email: waynecheveldayoff@gmail.com
This announcement underscores the fluid nature of the mining sector and the strategic foresight required to adapt to a changing economic landscape. Forward-looking statements in this release reflect the potential values and risks inherent in future developments, emphasizing the company’s commitment to transparency and regulatory adherence in its ongoing pursuits.
