Nord Precious Metals Closes $1.5 Million Private Placement
March 2, 2026 — Leads & Copy — Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) has closed a non-brokered flow-through unit private placement, raising $1,500,000.
The company issued 6,000,000 flow-through units at a price of $0.25 per unit. The private placement is subject to final TSX Venture Exchange acceptance.
Each flow-through unit consists of one common share and one-half of one share purchase warrant. Each whole warrant allows the holder to purchase an additional share for two years from the closing date at a price of $0.40 per warrant share.
Nord Precious Metals Mining Inc. agreed to pay a finder’s fee of 6% ($90,000) cash and 6% (360,000) non-transferable warrants in connection with the flow-through units raised by the finder. Each finder warrant is exercisable at $0.25 per share for two years from closing. The finder’s fees are subject to Exchange approval.
All securities issued regarding the flow-through units, shares, warrants, finders warrants, and finder warrant shares are subject to a four-month and a day hold period expiring on July 3, 2026, following applicable Canadian securities laws.
The company intends to use the gross proceeds from the flow-through unit private placement for exploration on its Castle East Project. These expenses will qualify as “Canadian exploration expenses” and “flow-through critical mineral mining expenditures” as defined in the Income Tax Act (Canada).
Nord Precious Metals Mining Inc. operates a permitted high-grade milling facility in the Cobalt Camp of Ontario. The company integrates high-grade silver discovery with strategic metals recovery operations. The flagship Castle property covers 63 sq. km and includes the past-producing Castle Mine and the Castle East discovery.
Drilling at Castle East has delineated 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, starting at approximately 400 meters vertical depth. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to the Nord Precious Metals Press Release May 27, 2020, for the resource estimate. The above resource is now considered an historical resource. Insufficient work has been done to categorize the above historical estimate as current. Significant additional diamond drilling and analytical work along with modelling is required before a new resource estimate can be compiled.
Nord’s integrated processing strategy enables multiple metal recovery streams. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield, eliminates arsenic barriers in complex silver-cobalt ores while producing battery-grade cobalt sulphate and other metal products. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord within Ontario’s emerging critical minerals supply chain.
The company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 32 square kilometers of prospective ground near Cochrane, Ontario.
More information is available at www.nordpreciousmetals.com.
Source: Nord Precious Metals Mining Inc.
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