Nord Precious Metals Launches $4M LIFE Financing for Castle East Project
Nord Precious Metals (TSXV: NTH) (OTCQB: CCWOF) has announced a non-brokered Listed Issuer Financing Exemption (LIFE) private placement offering. The company aims to raise between $1,000,000 and $4,000,000 through the issuance of 8,333,333 to 33,333,333 Units at $0.12 per share.
Each Unit includes one common share and one warrant exercisable at $0.155 for five years. The proceeds will fund the company’s 12-month objectives, including expanding the Castle East property silver resource, testing tailings recovery through Ontario Ministry’s Recovery Permit, and continuing pilot-scale testing of the Re-2Ox process with SGS Lakefield.
Research Capital Corporation will serve as the exclusive finder, receiving an 8% cash commission and finder’s warrants. The offering is expected to close around September 26, 2025, subject to regulatory approvals.
Nord Precious Metals (TSXV: NTH) (OTCQB: CCWOF) ha annunciato un’offerta privata non brokerata di Listed Issuer Financing Exemption (LIFE). L’azienda intende raccogliere tra $1,000,000 e $4,000,000 mediante l’emissione di 8,333,333 fino a 33,333,333 Unità al prezzo di $0.12 per azione.
Ogni Unità comprende una azione ordinaria e un warrant exercisable a $0.155 per cinque anni. I proventi finanzieranno obiettivi della società per 12 mesi, inclusa l’espansione della riserva di argento della proprietà Castle East, la verifica del recupero dei tailings tramite il Permesso di Recupero rilasciato dal Ministero dell’Ontario, e la continuazione del test su scala pilota del processo Re-2Ox con SGS Lakefield.
Research Capital Corporation agirà come esclusivo finder, ricevendo una commissione in contanti dell’8% e warrant da parte del finder. Si prevede la chiusura dell’offerta intorno al 26 settembre 2025, soggetta all’approvazione normativa.
Nord Precious Metals (TSXV: NTH) (OTCQB: CCWOF) ha anunciado una oferta privada sin intermediarios de exención LIFE (Listado Issuer Financing Exemption). La empresa busca recaudar entre $1,000,000 y $4,000,000 mediante la emisión de 8,333,333 a 33,333,333 Unidades a $0.12 por acción.
Cada Unidad incluye una acción ordinaria y una opción de compra (warrant) ejercitable a $0.155 por cinco años. Los fondos financiarán los objetivos de 12 meses de la compañía, incluyendo la expansión del recurso de plata de la propiedad Castle East, la prueba de recuperación de relaves mediante el Permiso de Recuperación del Ministerio de Ontario, y la continuación de pruebas a escala piloto del proceso Re-2Ox con SGS Lakefield.
Research Capital Corporation actuará como exclusivo finder, recibiendo una comisión en efectivo del 8% y warrants del finder. Se espera que la oferta se cierre alrededor del 26 de septiembre de 2025, sujeto a aprobaciones regulatorias.
Nord Precious Metals (TSXV: NTH) (OTCQB: CCWOF)은 비브로커드 상장사 재원 조달 예외(LIFE) 비공개 배정 공모를 발표했습니다. 회사는 $1,000,000에서 $4,000,000 사이를 목표로 $0.12 per share의 가격으로 8,333,333주에서 33,333,333주까지의 유닛을 발행하여 조달하려 합니다.
각 유닛에는 보통주 1주와 5년간 행사 가능한 워런트가 포함됩니다. 워런트 행사는 $0.155로 5년간 유효합니다. 모집 자금은 Castle East 부지의 은 매장량 확장, 온타리오 주정부의 회수 허가를 통한 슬래그 재생 테스트, 그리고 SGS Lakefield와 함께 Re-2Ox 공정의 파일럿 규모 테스트 지속 등 12개월 기간의 목표를 위한 자금으로 사용됩니다.
Research Capital Corporation은 독점적 파인더로 활동하며 현금 커미션 8%과 파인더 워런트를 받게 됩니다. 공모는 규제 승인을 조건으로 대략 2025년 9월 26일에 마감될 것으로 예상됩니다.
Nord Precious Metals (TSXV: NTH) (OTCQB: CCWOF) a annoncé une levée de fonds privée non intermédiée sous le régime LIFE (Listed Issuer Financing Exemption). L’entreprise vise à lever entre $1,000,000 et $4,000,000 en émettant de 8,333,333 à 33,333,333 unités au prix de $0.12 par action.
Chaque unité comprend une action ordinaire et un warrant exerçable à $0.155 pendant cinq ans. Les fonds serviront à financer les objectifs sur 12 mois de la société, y compris l’expansion de la ressource argent de la propriété Castle East, le test de récupération des résidus via le Permis de récupération du ministère de l’Ontario, et la poursuite des essais à l’échelle pilote du procédé Re-2Ox avec SGS Lakefield.
Research Capital Corporation agira en tant que finder exclusif, recevant une commission en espèces de 8% et des warrants de finder. La clôture de l’offre est prévue vers le 26 septembre 2025, sous réserve des approbations réglementaires.
Nord Precious Metals (TSXV: NTH) (OTCQB: CCWOF) hat ein nicht-brokeriertes Private Placement Offering im Rahmen der Listed Issuer Financing Exemption (LIFE) angekündigt. Das Unternehmen beabsichtigt, zwischen $1,000,000 und $4,000,000 durch die Ausgabe von 8,333,333 bis 33,333,333 Units zu einem Preis von $0.12 pro Aktie zu beschaffen.
Jede Unit umfasst eine Stammaktie und einen warrant, der fünf Jahre lang ausgeübt werden kann, exerzierbar zu $0.155. Die Mittel dienen der Finanzierung der 12-Monats-Ziele des Unternehmens, einschließlich der Erweiterung der Silberressource der Castle East‑Property, der Prüfung der Tailings-Wiedergewinnung über die Genehmigung des Ontario-Ministeriums, und der Fortsetzung von Pilotversuchen des Re-2Ox-Verfahrens mit SGS Lakefield.
Research Capital Corporation wird als exklusiver Finder fungieren und eine Barprovision von 8% sowie Finder-Warrants erhalten. Die Finanzierung wird voraussichtlich um den 26. September 2025 abgeschlossen, vorbehaltlich behördlicher Genehmigungen.
Nord Precious Metals (TSXV: NTH) (OTCQB: CCWOF) أعلن عن عرض تمويل خاص غير وسيط ضمن LIFE (الإعفاء من تمويل الجهات المصدرة المدرجة). تهدف الشركة إلى جمع بين $1,000,000 و$4,000,000 من خلال إصدار 8,333,333 إلى 33,333,333 وحدة بسعر $0.12 للسهم.
كل وحدة تتضمن سهماً عاديًا وم erw- warrent يمكن ممارسته خلال خمس سنوات بسعر $0.155. ستُستخدم العائدات لتمويل أهداف الشركة خلال 12 شهرًا، بما في ذلك توسيع مورد الفضة في ملكية Castle East، واختبار استخراج الخبث عبر ترخيص الاسترداد من وزارة أونتاريو، ومواصلة اختبارات على نطاق تجريبي لعملية Re-2Ox مع SGS Lakefield.
ستكون Research Capital Corporation وسيط Finder حصري، وستتقاضى عمولة نقدية قدرها 8% وعقود Finder. من المتوقع إغلاق الصفقة نحو 26 سبتمبر 2025، رهناً بموافقات تنظيمية.
Nord Precious Metals (TSXV: NTH) (OTCQB: CCWOF)宣布了一项非经纪的挂牌发行私募融资（LIFE）。公司计划通过发行8,333,333至33,333,333股单位，以每股$0.12募集介于$1,000,000至$4,000,000之间的资金。
每单位包含一股普通股和一个可在五年内行使的认股权证，行使价为$0.155。募集所得将用于公司未来12个月的目标，包括扩展Castle East资产的银资源、通过安大略省政府的回收许可测试尾矿回收，以及与SGS Lakefield共同推进Re-2Ox工艺的放大试验。
Research Capital Corporation 将担任独家寻找人，获得8%的现金佣金及 Finder 的认股权证。该发行预计在2025年9月26日左右完成，具体以监管批准为准。
Positive
- Potential to raise up to $4 million in fresh capital
- Five-year warrant term provides long-term upside potential for investors
- Multiple value-creation initiatives planned including resource expansion and tailings recovery
- Strategic partnership with SGS Lakefield for Re-2Ox process development
Negative
- Significant dilution through issuance of up to 33.3 million new units
- High 8% finder’s fee plus additional warrants increases cost of capital
- Minimum raise requirement of $1 million creates execution risk
- Additional regulatory approvals required for closing
Coquitlam, British Columbia–(Newsfile Corp. – September 15, 2025) – Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: 4T9B) (the “Company” or “Nord”) announces a non-brokered Listed Issuer Financing Exemption (LIFE) private placement (the “Offering”) consisting of a minimum of 8,333,333 Units and a maximum of 33,333,333 Units at a price of
Each Unit will consist of one common share of the Company (“Common Share”) and one common share purchase warrant of the Company (“Warrant”). Each Warrant will entitle the holder to purchase an additional Common Share at an exercise price of
Nord’s primary business objective over the next 12 months is to increase the silver resource at the Castle East property and identify potential economics of tailings processing and metal recovery from tailings.
Nord intends to use the net proceeds from the Offering to test tailings recovery through the Ontario Ministry’s unique Recovery Permit and continue pilot scale testing of the Re-2Ox process with SGS Lakefield. Diamond drilling will continue on the Castle East Property to test new targets and, using new intersections, update the Company’s Resource Estimate.
Over the next 12 months, Nord expects to:
- Advance Castle East targeting and resource work. Begin the fall drill program guided by the recent 3D model, reinterpretation and incorporate results into the next resource update. (Press Release, August 26, 2025).
- Submit Recovery Permit materials and prepare potential tolling templates. Finalize the single-application approach that may include potential toll processing of adjacent properties, and standardize commercial tolling templates for district tailings owners.
- Progress Re-2Ox from bench to pilot with SGS Lakefield. Complete arsenic-balance work, unit-op selection, and pilot-ready testwork; maintain refinery optionality under the non-binding MOU. (Press Releases, 2018; February 6, 2025; June 2025).
- fund administrative expenses including legal, audit, overhead and consulting fees for the ensuing 12 months.
The Units will be offered for sale pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”). as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption and Section 2.3 of The Offering is being made in all provinces of Canada (except Quebec) and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately “free-trading” under applicable Canadian securities laws. Units sold to subscribers resident in the United States will be subject to additional restrictions on trade.
There is an offering document (the “Offering Document”) related to this Offering that can be accessed under the Company’s profile at www.sedarplus.ca and at the Company’s website at www.nordpreciousmetals.com. Prospective investors should read this Offering Document before making an investment decision.
The Offering is anticipated to close on or about September 26, 2025 (“Closing”), or such later date as the Company may determine. The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
The Finders will receive a cash commission of
In connection with the Offering, the Company has entered into an Advisory Agreement with Research Capital Corporation (the “Advisor”), pursuant to which the Advisor provided financial advisory, consulting, and support services in connection with the Offering (the “Advisory Services”). In consideration for the Advisory Services, the Company will pay the Advisor a work fee equal to
To the extent that any directors and/or officers of the Company (collectively, the “Insiders”) participate in the Offering, such participation will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company expects any participation by the Insiders in the Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the fair market value of the Units subscribed for by the Insiders, nor the consideration for the Units to be paid by the Insiders, will exceed
About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the Company has established a unique position integrating high-grade silver discovery with strategic metals recovery operations. The Company’s flagship Castle property encompasses 63 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton).
Nord’s integrated processing strategy leverages the synergistic value of multiple metals. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals, while the company’s proprietary Re-2Ox hydrometallurgical process enables production of technical-grade cobalt sulphate and nickel-manganese-cobalt (NMC) formulations. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize on both precious metals markets and the growing demand for battery materials.
The Company maintains a strategic portfolio of battery metals properties in Northern Quebec including its
More information is available at www.nordpreciousmetals.com.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266562
FAQ
What is the price per unit in Nord Precious Metals’ (CCWOF) LIFE financing?
Nord Precious Metals is offering units at $0.12 per share, with each unit consisting of one common share and one warrant exercisable at $0.155 for five years.
How much is Nord Precious Metals (CCWOF) planning to raise in the LIFE financing?
The company aims to raise between $1,000,000 (minimum) and $4,000,000 (maximum) through the issuance of 8,333,333 to 33,333,333 Units.
What will Nord Precious Metals use the LIFE financing proceeds for?
The proceeds will fund Castle East property silver resource expansion, tailings recovery testing, pilot-scale testing of the Re-2Ox process with SGS Lakefield, and administrative expenses for 12 months.
When is Nord Precious Metals’ (CCWOF) LIFE financing expected to close?
The offering is expected to close on or about September 26, 2025, subject to regulatory approvals including TSX Venture Exchange approval.
What are the finder’s fees for Nord Precious Metals’ LIFE financing?
Research Capital Corporation will receive an 8% cash commission and finder’s warrants equal to 8% of the Units sold to subscribers they introduce, plus a $25,000 work fee and 175,000 advisor shares.
