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Nord Precious Metals Announces FT Unit Private Placement
Newsfile· 2025-12-01 23:21
Core Viewpoint - Nord Precious Metals Mining Inc. has announced a non-brokered private placement financing of 16,000,000 flow-through units at a price of $0.25 per unit, raising gross proceeds of $4,000,000 [1][2]. Financing Details - Each flow-through unit consists of one common share and one-half share purchase warrant, with the whole warrant allowing the purchase of an additional common share at an exercise price of $0.28 for two years, subject to TSXV approval [2]. - An acceleration clause allows the company to expire the warrants if the daily volume weighted average trading price exceeds $0.36 for ten consecutive trading days [3]. - The company will pay an 8.0% cash commission to Research Capital Corporation as a finder's fee and issue non-transferable warrants equal to 8.0% of the FT Units sold [4]. Advisory Agreement - The company has entered into a 60-day Advisory Agreement with Research Capital Corporation, agreeing to pay a cash fee of $25,000 and issue 100,000 common shares, subject to exchange approval [5]. Use of Proceeds - The gross proceeds from the issuance of flow-through shares will be used for "Canadian exploration expenses" and to qualify as "flow-through critical mineral mining expenditures" as defined in the Income Tax Act (Canada) [6]. Company Overview - Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in Ontario's Cobalt Camp, focusing on high-grade silver and strategic metals recovery [8]. - The flagship Castle property includes 63 sq. km of exploration ground with an inferred resource of 7.56 million ounces of silver at an average grade of 8,582 g/t [8]. - The company employs a multi-metal approach to leverage the value of precious and battery metals, utilizing proprietary processes for cobalt and nickel production [10].
Nord Precious Metals Appointed Consultants for Investor Relations and Promotional Services
Thenewswire· 2025-11-14 22:00
Core Viewpoint - Nord Precious Metals Mining Inc. has engaged multiple consultants for investor relations and promotional activities to enhance investor engagement and awareness of the company's operations and projects [1][2][3][4][5]. Group 1: Consultant Engagements - The company entered into a service contract with Departure Capital Inc. for promotional services, including long-form interviews and digital marketing, with a compensation of $25,000 [2]. - A service agreement was established with CanaCom Group for investor relations services, including a company awareness program and monthly articles, with a compensation of $95,000 [3]. - A master services agreement was signed with 3966 Ontario Inc. for marketing and promotional services across various social media platforms, with a compensation of $85,000 [4]. - Investor News was engaged for promotional services over a 12-month term, with a compensation of $25,000 [5]. Group 2: Company Operations - Nord Precious Metals operates the only permitted high-grade milling facility in the Cobalt Camp of Ontario, focusing on high-grade silver and strategic metals recovery [7]. - The company's flagship Castle property includes 63 square kilometers of exploration ground and has delineated 7.56 million ounces of silver in inferred resources, averaging 8,582 g/t Ag [7]. - The integrated processing strategy of the company supports the recovery of critical minerals such as cobalt and nickel, leveraging its proprietary Re-2Ox hydrometallurgical process [9]. - The company maintains a strategic portfolio of battery metals properties, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project [10].