Nord Precious Metals Closes Second and Final Tranche of Critical Mineral Flow-Through Unit Non-Brokered Private Placement

Core Viewpoint - Nord Precious Metals Mining Inc. has successfully closed the second and final tranche of a non-brokered flow-through unit private placement financing, raising a total of $2,685,500 across both tranches, with the latest tranche contributing $479,000 [1][6]. Financing Details - The second tranche involved the issuance of 1,196,000 flow-through units at a price of $0.25 per unit [1]. - Each flow-through unit consists of one common share and one half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.28 for two years [2]. - The financing is subject to final acceptance by the TSX Venture Exchange [1]. Warrant Acceleration Clause - The warrants include an acceleration clause that allows the company to expire the warrants if the daily volume weighted average trading price exceeds $0.36 for ten consecutive trading days [3]. - Holders will have 30 days to exercise their warrants after receiving notice of expiration [3]. Finder's Fees - The company will pay a finder $38,320 in cash and issue 153,280 non-transferable warrants, each exercisable at $0.25 for two years [4]. Use of Proceeds - The gross proceeds from the financing will be allocated to exploration activities on the Castle East Project, qualifying as Canadian exploration expenses [6]. Company Overview - Nord Precious Metals operates the only permitted high-grade milling facility in Ontario's Cobalt Camp, focusing on high-grade silver and strategic metals recovery [8]. - The Castle property includes 63 square kilometers of exploration ground and has delineated 7.56 million ounces of silver in inferred resources [8]. - The company employs a multi-metal processing strategy to recover critical minerals, including cobalt and nickel, leveraging its proprietary Re-2Ox hydrometallurgical process [9]. Strategic Holdings - The company holds a 35% ownership in Coniagas Battery Metals Inc. and has a lithium project near Cochrane, Ontario, enhancing its portfolio in battery metals [10].