Nord Precious Metals Amends Option Agreements FOR Lct Lithium Property, Cochrane, Ontario
NORD PRECIOUS METALS AMENDS OPTION AGREEMENTS FOR LCT LITHIUM
PROPERTY, COCHRANE, ONTARIO
Coquitlam, BC, February 2, 2024 – Nord Precious Metals Mining Inc. (formerly “Canada Silver Cobalt Works
Inc.”) (TSXV: NTH) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Nord Precious Metals”) announces
that further to the Company’s news release dated February 6, 2023 whereby the Company entered into two
Property Option Agreements with Zachary St-Denis for the acquisition of a 100% interest, subject to a 2% NSR
in 4 claims blocks (Case Agreement – 3 claims blocks) (Sangster Agreement – 1 claim block) (the
“Agreements”) located near Kirkland Lake, Ontario, the Company has amended certain terms of the
Agreement.
Pursuant to the Amended Option Agreements, the Company will now be issuing 800,000 shares (200,000 -
Sangster and 600,000 - Case Property) at a deemed value of $0.05 per share in lieu of a $40,000 cash
payment ($10,000 – Sangster and $30,000 – Case Property) on the 1 st anniversary of the Agreements. All
other terms of the Agreement remain the same.
The Amended Option Agreements are subject to TSX Venture Exchange approval, and all securities issued
in connection with the Amended transaction are subject to a four month and a day hold period in accordance
with securities laws.
Qualified person
The technical information in this news release was approved and prepared under the supervision of Mr.
Matthew Halliday, P.Geo., (PGO), President and COO of Nord Precious Metals Inc., a qualified person
accordance with National Instrument 43-101.
About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. (formerly Canada Silver Cobalt Works Inc.) recently discovered a major
high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle
Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The
Company has completed a 60,000 m drill program aimed at expanding the size of the deposit with an update
to the resource estimate underway.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101
resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising
very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from
two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately
400 meters. Note that mineral resources that are not mineral reserves and do not have demonstrated
economic viability. Please refer to the Nord Precious Metals (previously Canada Silver Cobalt Works) Press
Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical
Nord Precious Metals Mining Inc..
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
www.nordpreciousmetals.com
Page 2 of 2
Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of
May 28, 2020, and a signature date of July 13, 2020.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently
completed a nearly 16,000-metre drill program on the Graal property; and (2) the prospective 1,000-
hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake,
Ontario where it is exploring. (3) St. Denis-Sangster lithium project – 260 square kilometers of greenfield
exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock –
Archean granite contact near Cochrane, Ontario contiguous to Power Metals’ Case Lake Lithium properties.
Nord Precious Metal’s flagship silver-cobalt Castle mine and 78 sq. km Castle property feature strong
exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned
Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich
gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary
hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as
nickel-manganese-cobalt (NMC) formulations), Nord Precious Metals is strategically positioned to become
a Canadian leader in the silver-cobalt space. 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
Caution Regarding Forward-Looking Statements
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. 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.