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Nord Precious Metals Closes 2nd and Final Tranche of Non-Brokered Private Placement
April 28, 2025 — Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) has successfully concluded its second and final tranche of a non-brokered private placement, raising $178,000 through the issuance of 1,483,333 units at $0.12 each. This brings the total capital raised from both tranches to $526,800, as detailed in an earlier announcement on March 26, 2025.
Structure of the Placement
Each unit consists of one common share and one share purchase warrant. Shareholders can exercise warrants to acquire additional common shares at a price of $0.155 for a duration of five years, pending approval from the TSX Venture Exchange.
Additionally, finder’s fees of $3,814 in cash and 31,783 non-transferable finder warrants were distributed in connection with the financing, also subject to Exchange approval.
Usage of Proceeds
The funds raised will be allocated primarily towards exploration activities at Nord’s Castle East Project located in Gowganda, Ontario, as well as for general working capital and administrative needs.
About Nord Precious Metals Mining Inc.
Nord operates the only permitted high-grade milling facility in Ontario’s historic Cobalt Camp. The company combines high-grade silver discovery with strategic recovery of metals, focusing on producing critical minerals like cobalt and nickel as well as silver. Their flagship Castle property spans 63 square kilometers and includes the former Castle Mine. Significant drilling efforts at Castle East have identified 7.56 million ounces of silver, averaging 8,582 grams per tonne.
Integrated Processing Strategy
Nord’s innovative multi-metal processing strategy enhances the economic viability of extracting both precious and strategic metals. The company’s proprietary Re-2Ox hydrometallurgical process facilitates the production of technical-grade cobalt sulfate and nickel-manganese-cobalt formulations. This integrated approach not only supports high-grade silver recovery but also positions Nord favorably in the booming battery materials market.
Expanding Strategic Portfolio
In addition to its primary operations, Nord maintains a strategic interest in battery metal properties in Northern Quebec, including a 35% stake in Coniagas Battery Metals Inc. (TSXV: COS) and the St. Denis-Sangster lithium project, which encompasses 260 square kilometers of promising exploration terrain near Cochrane, Ontario.
For more information, visit www.nordpreciousmetals.com.
Contact Information
Frank J. Basa, P. Eng.
Chief Executive Officer
416-625-2342
Wayne Cheveldayoff
Corporate Communications
P: 416-710-2410
E: [Email Contact](mailto:[email protected])
This communication has not been approved by the TSX Venture Exchange or its Regulation Services Provider, which do not accept responsibility for its adequacy or accuracy.
Important Notice
This release may contain forward-looking statements regarding future events and conditions. These statements are subject to risks and uncertainties, and actual results may differ materially. The company does not undertake to update forward-looking information unless required by law.