Nord Precious Metals Closes FT Unit Private Placement for Critical Minerals
Nord Precious Metals Closes FT Unit Private Placement for Critical Minerals
April 3, 2025 - Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) (the
"Company" or "Nord") announces that the Company has closed a non brokered private placement financing
by issuing 1,875,000 flow-through units (“FT Units”) at a price of $0.16 per FT Unit raising gross proceeds
of $300,000, subject to final TSX Venture Exchange (“Exchange”) approval.
Each FT Unit is comprised of one common share of the Company and one share purchase warrant. Each
whole warrant will entitle the holder thereof to purchase one additional common share of the Company at
an exercise price of $0.20 per share, for a period of two years from closing.
The Company also paid finder fees in the amount of $18,000 cash and 112,500 finder warrants where each
finder warrant will entitle the finder to purchase one additional common share of the Company at an
exercise price of $0.20 per share for two years from closing. The finder fees are also subject to final
Exchange approval.
All securities issued in connection with the FT shares, warrants and the finder warrants are subject to a four-
month and a day hold period expiring on August 4, 2025, in accordance with applicable Securities laws and
Exchange Policies.
The Company intends to use the gross proceeds from the sale of the FT Shares to incur exploration expenses
on its Castle East Project, Gowganda, Ontario that are eligible “Canadian exploration expenses” that qualify as
“flow-through critical mineral mining expenditures” as such terms are defined in the Income Tax Act
(Canada).
About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic
Cobalt Camp of Ontario, where the Company has established a unique position integrating high-grade silver
discovery with strategic metals recovery operations. The Company's flagship Castle property encompasses
63 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East
discovery where drilling has delineated 7.56 million ounces of silver in Inferred resources grading an
average of 8,582 g/t Ag (250.2 oz/ton).
Nord's integrated processing strategy leverages the synergistic value of multiple metals. High-grade silver
recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery
metals, while the company's proprietary Re-2Ox hydrometallurgical process enables production of
technical-grade cobalt sulphate and nickel-manganese-cobalt (NMC) formulations. This multi-metal
Nord Precious Metals Mining Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
www.nordpreciousmetals.com.
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approach, combined with established infrastructure including TTL Laboratories and underground mine
access, positions Nord to capitalize on both precious metals markets and the growing demand for battery
materials.
The Company maintains a strategic portfolio of battery metals properties in Northern Quebec including its
35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project
comprising 260 square kilometers of prospective ground near Cochrane, Ontario.
More information is available at www.nordpreciousmetals.com.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements which include, but are not limited to, comments that involve
future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts,
comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of
mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not
guarantees of future performance and actual results may vary materially from those statements. General business
conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company
does not undertake to update any forward-looking information in this news release or other communications unless
required by law.