Nord Precious Metals closes non-brokered flow-through private placement

Nord Precious Metals Closes Non-Brokered Critical Mineral Flow-Through Share Private Placement

(TheNewswire)

   

Cobalt, Ontario – October 7, 2026 - Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: NPMMF) (FSE:QN3) (the "Company" or "Nord") announces and closes a non brokered flow-through (“FT”) share private placement financing by issuing 8,888,888 shares (“FT Shares”) at a price of $0.18 per FT Share raising gross proceeds of $1,600,000 subject to final TSX Venture Exchange (“Exchange”) acceptance.

 

The Corporation agreed to pay Finder’s fees of $7% ($112,000) cash and 7% (622,222) non-transferable warrants (“Finder Warrants”) in connection with the FT Shares raised by the Finder.  Each Finder Warrant is exercisable at $0.18 per share for a period of two years from closing.  The Finder’s fees are also subject to Exchange approval.

 

All securities issued in connection with the FT Shares, Finders Warrants and Finder Warrant Shares are subject to a four-month and a day hold period expiring on February 8, 2027, in accordance with applicable Canadian Securities laws.

 

The Company will use the gross proceeds from the issuance of FT Share private placement for exploration on its Castle East Project, which will incur "Canadian exploration expenses" and 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. (TSXV: NTH) is advancing a silver-recovery and exploration strategy in Ontario's historic Cobalt-Gowganda mining camp. Its immediate priority is to put the technical, engineering, financing and permitting components in place for silver recovery at Gowganda, with the objective of generating cash flow to support further exploration.