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Nord Precious Metals Closes Fully Subscribed Non-Brokered LIFE Financing and Concurrent Non-Brokered Private Placement Raising an Aggregate of $4,000,000
Newsfile· 2025-10-17 11:30
Core Viewpoint - Nord Precious Metals Mining Inc. has successfully closed its Listed Issuer Financing Exemption (LIFE) Offering and a concurrent non-brokered private placement, raising a total of $4,000,000, pending final acceptance from the TSX Venture Exchange [1][2]. Financing Details - The LIFE Offering raised $1,566,724 through the issuance of 13,056,041 units at a price of $0.12 per share [2]. - The non-brokered private placement generated $2,433,275 by issuing 20,277,292 units at the same price of $0.12 per share [2]. - Each unit from both offerings consists of one common share and one common share purchase warrant, with the warrants exercisable at $0.155 for five years [3]. Regulatory Compliance - The units from the non-brokered private placement are subject to a hold period of four months and a day in accordance with Canadian securities laws [4]. - Research Capital Corporation, the exclusive finder for the financings, received $226,256 in cash and 1,885,467 finder warrants, also subject to a four-month hold period [5][6]. Company Objectives - The primary business objective for the next 12 months is to increase the silver resource at the Castle East property and explore the economics of tailings processing and metal recovery [7]. - The net proceeds from the offering will be used for tailings recovery testing, pilot scale testing of the Re-2Ox process, diamond drilling on the Castle East Property, and general working capital [8]. Insider Participation - Insiders purchased a total of 1,533,333 units under the private placement, which is classified as a related party transaction [9]. Offering Structure - The units were offered under the Listed Issuer Financing Exemption and will be free-trading under applicable Canadian securities laws, with specific restrictions for U.S. subscribers [10]. Company Overview - Nord Precious Metals Mining Inc. operates a high-grade milling facility in Ontario's Cobalt Camp and focuses on integrating silver discovery with strategic metals recovery [11]. - The Castle property has delineated 7.56 million ounces of silver in inferred resources, averaging 8,582 g/t Ag [12]. - The company's multi-metal processing strategy supports the extraction of critical minerals, including cobalt and nickel, leveraging established infrastructure [13].
Nord Precious Metals Grants Stock Options
Thenewswire· 2025-10-06 18:55
October 6, 2025 – TheNewswire - Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) (the "Company" or "Nord") announces that it has granted stock options to its directors and officers to purchase an aggregate of 900,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.25 per share. All stock options are granted in accordance with the terms of the Company's Stock Option Plan and the policies of t ...
Nord Precious Metals Closes Non-Brokered Private Placement Raising a Aggregate of $1,228,408
Thenewswire· 2025-08-09 02:05
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]