--- title: "Nord Precious Metals Closes Unit Financings" type: "News" locale: "en" url: "https://longbridge.com/en/news/282910492.md" description: "Nord Precious Metals Mining Inc. has successfully closed two non-brokered private placement financings, raising a total of approximately $2.46 million. The first financing involved issuing 11,666,667 units at $0.15 each, generating $1,750,000. The second financing raised $705,000 by issuing 4,700,000 units at the same price. Proceeds will be used for exploration at the Castle East Project and for general working capital. The company operates a high-grade milling facility in Ontario and is involved in the recovery of critical minerals, including silver and cobalt." datetime: "2026-04-15T23:55:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282910492.md) - [en](https://longbridge.com/en/news/282910492.md) - [zh-HK](https://longbridge.com/zh-HK/news/282910492.md) --- # Nord Precious Metals Closes Unit Financings (TheNewswire) Cobalt, Ontario - April 15, 2026 – TheNewswire - Nord Precious MetalsMining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) (the"Company" or "Nord") announces that further to theCompany’s news release dated April 9, 2026, the Company has closedits non-brokered private placement financing(the “Financing”) by issuing of 11,666,667 units of the Company(the “Units) at a price of $0.15 per Unit raising gross proceeds of$1,750,000.05, subject to final TSX Venture Exchange (“Exchange”) approval. Each Unit is comprised of one common share (the“Shares) and one share purchase warrant (the “Warrants”) of theCompany, whereby each Warrant entitles the holder to purchase anadditional share for a period of three years from closing at a priceof $0.20 per warrant share (the “Warrant Shares”). The Company is conducting the above Financing injurisdictions outside of Canada and the United States in reliance onOSC Rule 72-503 – Distributions Outside Canada. The Shares,Warrants and Warrant Shares will not be subject to a hold period inCanada. The Company paid a finder’s fee in the amount of$140,000 cash and 933,333 non-transferable warrants (“FinderWarrants”) in connection with the Financing Units raised by theFinder. Each Finder Warrant is exercisable at $0.15 per share for aperiod of three years from closing. The Finder’s fees are alsosubject to Exchange approval. The Finders Warrants issued in connection of theFinancing are subject to a four-month and a day hold period expiringon August 16, 2026, in accordance with applicable Canadian Securitieslaws. Additionally, the Company announces it has closed a second non brokered private placementfinancing (the “2nd Financing”) by issuing 4,700,000 units(“Units”) at a price of $0.15 per Unit raising gross proceeds of$705,000 subject to final ExchangeApproval. Each Unit is comprised of one Share and one Warrant ofthe Company, whereby each Warrant entitles the holder to purchase anadditional Share for a period of three years from closing at a priceof $0.20 per Warrant Share. All securities issued in connection 2nd Financing aresubject to a four-month and a day hold period expiring on August 16,2026, in accordance with applicable Canadian Securities laws. The Company intends to use the proceeds of theFinancing and the 2nd Financing for exploration on its CastleEast Project, Gowganda, Ontario and for general working capital andadministration costs. About Nord Precious Metals MiningInc. Nord Precious Metals Mining Inc. operates TTLLaboratories, the only permitted high-grade milling facility in thehistoric Cobalt Camp of Ontario, where the Company has established anintegrated position connecting high-grade silver discovery withstrategic metals recovery operations. The Company's flagship Castle property encompasses63 sq. km of exploration ground and the past-producing Castle Mine,complemented by the Castle East discovery where drilling hasdelineated 7.56 million ounces of silver in Inferredresources grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400tonnes of material from two sections (1A and 1B) of the Castle EastRobinson Zone, beginning at a vertical depth of approximately 400metres. Mineral resources that are not mineral reserves do not havedemonstrated economic viability. Please refer to the Nord PreciousMetals Press Release of May 27, 2020, for the resource estimate. Theabove resource is now considered an historical resource. Insufficientwork has been done to categorize the above historical estimate ascurrent. Significant additional diamond drilling and analytical workalong with modelling is required before a new resource estimate can becompiled. Nord's integrated processing strategy enablesmultiple metal recovery streams. High-grade silver recovery supportsthe economics of extracting critical minerals including cobalt,nickel, and other battery metals. The Re-2Ox hydrometallurgicalprocess, validated at pilot scale through SGS Lakefield, eliminatesthe typical arsenic barriers in complex silver-cobalt ores whileproducing battery-grade cobalt sulphate and other metal products tocustomer specifications. This multi-metal approach, combined withestablished infrastructure including TTL Laboratories and undergroundmine access, positions Nord within Ontario's emerging criticalminerals supply chain. The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its approximately 51.24% ownership in Coniagas Battery Metals Inc. , as well as the St. Denis-Sangster lithium project comprising 32 square kilometres of prospective ground near Cochrane, Ontario. More information is available at www.nordpreciousmetals.com. For further information pleasecontact: Frank J. Basa, P.Eng. Chief Executive Officer 416-625-2342 or Wayne Cheveldayoff Corporate Communications P: 416-710-2410 E: waynecheveldayoff@gmail.com Qualified Person The technical information in this news release was approved and prepared under the supervision of Mr. Frank J. Basa, P.Eng. (PEO), director of Nord Precious Metals, a qualified person in accordance with National Instrument 43-101. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements regarding: the expectation that the Company will receive Exchange approval for the Financing, including the payment of finders fees in connection therewith and the absence of a hold period on the securities in Canada; the potential for silver recovery from tailings; and the Company's integrated processing strategy. Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with: general economic conditions; adverse industry events; future legislative and regulatory developments; the Company's ability to access sufficient capital from internal and external sources; inability to access sufficient capital on favourable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals; commodity price fluctuations; and other assumptions, risks and uncertainties. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. 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. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Copyright (c) 2026 TheNewswire - All rights reserved. ### Related Stocks - [SILV.US](https://longbridge.com/en/quote/SILV.US.md) - [PSLV.US](https://longbridge.com/en/quote/PSLV.US.md) - [SLVR.US](https://longbridge.com/en/quote/SLVR.US.md) - [SIL.US](https://longbridge.com/en/quote/SIL.US.md) - [SIVR.US](https://longbridge.com/en/quote/SIVR.US.md) - [SLV.US](https://longbridge.com/en/quote/SLV.US.md) ## Related News & Research - [Is It Too Late To Consider Pan American Silver (TSX:PAAS) After A 105% One Year Surge?](https://longbridge.com/en/news/284843904.md) - [Silver One Reports Rock Sampling Results and Provides Update on Geophysical Surveys at its Phoenix Silver Project, Arizona | SLVRF Stock News](https://longbridge.com/en/news/284309833.md) - [Guardian Exploration Strengthens Advisory Board with Appointment of Eric Fier, Proven Builder of High-Grade Precious Metal Assets | GXUSF Stock News](https://longbridge.com/en/news/284889840.md) - [Exploration-stage mining company Silver Bow Mining prices upsized IPO at the $11.50 midpoint](https://longbridge.com/en/news/284773582.md) - [PRECIOUS-Gold turns positive as oil eases on hopes for Iran talks](https://longbridge.com/en/news/284913041.md)