Nord Precious Metals Closes Non-Brokered Private Placement Raising a Aggregate of $1,228,408

Financing Details - Nord Precious Metals Mining Inc. has closed the 2nd and final tranche of a non-brokered private placement financing, issuing 400,000 units at a price of $0.12 per unit for gross proceeds of $48,000, bringing total proceeds from both tranches to $228,400 [1][2] - Each unit consists of one common share and one share purchase warrant, with each warrant allowing the purchase of an additional common share at an exercise price of $0.155 for five years [2] - The company has revised the terms of its Flow-through (FT) financing, now issuing 8,333,400 FT units at a price of $0.12 per FT unit for gross proceeds of $1,000,008 [3][4] Finder's Fees - Finder's fees of $3,360 cash and 28,000 non-transferable finder warrants were paid for the final unit tranche, with warrants exercisable at $0.155 for five years [3][5] - For the final FT unit tranche, finder’s fees amounted to $70,000.56 cash and 550,060 non-transferable finder warrants, with warrants exercisable at $0.18 for two years [5] Use of Proceeds - Proceeds from the unit private placement will be allocated for exploration on the Castle East Project in Gowganda, Ontario, as well as for general working capital and administrative costs [6] - Proceeds from the FT unit private placement will also be directed towards exploration on the Castle East Project [6] Company Overview - Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, integrating high-grade silver discovery with strategic metals recovery operations [7] - The company's flagship Castle property encompasses 63 square kilometers of exploration ground and has delineated 7.56 million ounces of silver in inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton) [8] - The company employs an integrated processing strategy that supports the recovery of multiple metals, including cobalt and nickel, leveraging its proprietary Re-2Ox hydrometallurgical process [9] Strategic Positioning - Nord maintains a strategic portfolio of battery metals properties in Northern Quebec, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project, which spans 260 square kilometers near Cochrane, Ontario [10]