Nord Precious Metals Announces Proposed Consolidation and Non- Brokered Private Placement
Nord Precious Metals Announces Proposed Consolidation and Non-
Brokered Private Placement
July 22, 2024 – Coquitlam, BC, Nord Precious Metals Mining Inc., (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Nord” or “Nord Precious Metals”), announces today that it intends to consolidate
all of its issued and outstanding common shares on a 10:1 basis (ten old common shares for each one new
common share) (the "Consolidation").
The Company does not intend to change its name or its current trading symbol in connection with the
Consolidation. The effective date of the Consolidation and the new CUSIP for the common shares will be
announced in the coming days.
In addition, the Company announces a non-brokered private placement (the "Private Placement") of up to
3,333,333 units of the Company ("Units") at a price of $0.30 per Unit (post-Consolidation) to raise gross
proceeds of up to $1,000,000. Each Unit will consist of one post-Consolidation common share and one half of
one post-Consolidation common share warrant (a "Warrant"). Each Warrant will entitle the holder to acquire
a one post-Consolidation common share at a price of $0.50 for three years. Finders’ fees may be paid in
connection with the Private Placement. All securities issued pursuant to the Private Placement will be subject
to a statutory hold period of four months and one day from closing.
The Company has received shareholder approval to the Consolidation. Completion of the Consolidation and
the Private Placement remains subject to the approval of the TSX Venture Exchange.
The Company intends to use the proceeds of the Private Placement for exploration on its Castle East Project,
Gowganda, Ontario and for general working capital and administration costs.
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
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.
Nord Precious Metals Mining Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
www.nordpreciousmetals.com.
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The Company also has: (1) 14 battery metals properties in Ontario and Northern Quebec where it has
recently completed a nearly 16,000-metre drill program on the Graal property; and (2) 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
X(Twitter): https://twitter.com/nordmetals
LinkedIn: https://www.linkedin.com/company/nord-precious-metals/
Facebook: https://www.facebook.com/nordpreciousmetals/
“Frank J. Basa”
Frank J. Basa, P. Eng. Professional Engineer Ontario
Chief Executive Officer
For further information, contact:
Frank J. Basa
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.