Norsemont Mining Inc. - Announces Closing of Final Tranche of Private Placement
NORSEMONT MINING INC.
Suite 1120, 789 West Pender Street
Vancouver, BC, V6C 1H2
Phone: 778-240-7724
NORSEMONT ANNOUNCES CLOSING OF FINAL TRANCHE OF
PRIVATE PLACEMENT FROM STRATEGIC INVESTOR PAUL
MATYSEK
News Release - Vancouver, British Columbia, September 3rd, 2025 – Norsemont Mining Inc. (CSE:
NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” o r t h e “Company”) is pleased to announce that Paul
Matysek has participated in an additional round of the financing first announced August 1, 2025.
The Company has now closed the final tranche of a non -brokered private placement consisting
of 1,000,000 units of the Company at CAD $0.60 per unit for gross proceeds of CAD $600,000 (the
“Offering”). Each Unit will consist of one common s hare and one -half of one Warrant. Each
Warrant entitles the holder to acquire one common share at a price of CAD $0.75 per common
share for a period of two years from the date of closing (the “Warrants”). To date, the Company
has raised aggregate gross proceeds of $6,079,199.40 under the Offering.
In the event that the Company’s common shares close at a price on the Exchange of CAD $1.25
or greater per common share for a period of 10 consecutive trading days after four months and
one day from the closing of the Offering, the Company may accelerate the expiry of the Warrants
by giving notice to the holders thereof (by disseminating a news release advising of the
acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on
the ten (10th) business day after the date of such notice. For Canadian investors, there is a hold
period of four months and one day from the issuance of the Units . For United States investors
they will additionally be subject to hold periods as required by applicable federal and “blue sky”
securities laws.
The proceeds of the Offering are anticipated to be used for a phase 3 drill program at the
Choquelimpie Gold -Silver-Copper project in Northern Chile . Use of funds will includ e drilling
targeting the copper porphyry zone, high grade gold zones, oxide / leachable gold zone, and
metallurgy, plus general working capital.
The Offerings are subject to compliance with CSE policies.
"Closing over $6 million in our recent financing with support from strategic industry leaders
including Rob McEwen, Crescat Capital, Dr. Quinton Hennigh and Larry Lepard, and now attracting
mining entrepreneur Paul Matysek, is a powerful endorsement of our vision and the significant
upside at Choquelimpie. With this backing, Norsemont is well positioned to advance drilling,
metallurgy and engineering, and move toward a production scenario that can unlock substantial
value for all stakeholders.,” said Marc Levy, CEO of Norsemont.
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“Norsemont’s Choquelimpie Project is a significant mineralized system in northern Chile, a region
renowned for hosting some of the world’s largest ore deposits. While only a small portion of the
upper epithermal system was historically mined, the broader potential along strike and at depth
remains virtually untouched. I believe a disciplined drill campaign can rapidly expand the already
substantial gold and silver resources, while positioning Choquelimpie for near-term production in
a strong gold market. I am very excited to invest in this opportunity as Norsemont’s experienced
team works to unlock the full potential of this porphyry–epithermal system.,” said Paul Matysek.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities offered have not been and will not be registered
under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act “) or any
st at e securities laws and ma y not be off ered or sold within the Unit ed St at es or to , or f or the
account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable
state securities laws, unless an exemption from such registration is available.
On Behalf of the Board,
NORSEMONT MINING INC.
Marc Levy
CEO & Chairman
About Norsemont Mining Inc.
The Norsemont team comprises experienced natural resource professionals focused on growing
shareholder value and developing its flagship project through to bankable feasibility, with an
initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces
and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper p roject.
Norsemont Mining owns a 100% interest in the Choquelimpie gold- silver-copper project in
northern Chile, a previously permitted gold and silver mine with significant exploration upside.
Choquelimpie has over 1,700 drill holes, with significant existing infrastructure, including roads,
power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and
sustainable resource development, leveraging modern exploration techniques to unlock further
value for all stakeholders.
For more information, please contact the Company at:
Investor Relations:
Paul Searle (778) 240-7724
Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining
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Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release. No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and
information that may constitute forward-looking information within the meaning of applicable Canadian
securities laws. Forward-looking statements relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding future events. Generally, forward-
looking statements and information can be identified by the use of forward-looking terminology such as
"intends" or "anticipates", or variations of such words and phrases or statements that certain actions,
events or results "may", "could", "should", "would" or "occur". This information and these statements,
referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this
news release and include without limitation, statements regarding discussions of future plans, estimates
and forecasts and statements as to management's expectations and intentions with respect to, among
other things, the Offering and entry into the marketing agreements.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ
materially from results suggested in any forward-looking statements. These risks and uncertainties
include, among other things, the Company not receiving the necessary regulatory approvals in respect of
the Offering and marketing agreements contemplated herein and, with respect to the Offering, risks
adverse to the capital markets, the mining industry, and investor support. In making the forward-looking
statements in this news release, the Company has applied several material assumptions, including without
limitation, that the Company will receive the necessary regulatory approvals and receive market interest
to close the Offering on the terms herein.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and forward-looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The Company
does not undertake to update any forward-looking statement, except as required by applicable securities
laws.