Business
Nord Precious Metals Announces Shares for Debt Transaction
(TheNewswire) April 8, 2025 – TheNewswire - Coquitlam, BC, Nord Precious Met...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Nord Precious Metals Announces Shares for Debt Transaction\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n April 8, 2025 –\n \n\n TheNewswire -\n \n\n Coquitlam, BC, Nord Precious Metals Mining Inc.,\n \n\n (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt: 4T9B)\n(the \"Company\" or \"Nord” or “Nord Precious\nMetals”),\n \n\n announces that it has reached an\nagreement with certain creditors to repay debts in the aggregate\namount of $829,112.64 through the issuance of 6,909,272 common shares\nof the Company at a deemed price of $0.12 per share (the “Shares for\nDebt Transaction”). All securities issued pursuant to the Shares for\nDebt Transaction are issued to arm’s length parties to the Company\nand are subject to TSX Venture Exchange (“Exchange”) approval.\n \n\n\n\n All shares issued in connection with the Shares for\nDebt Transaction are subject to a four‐month and a day hold period\nin accordance with applicable Securities laws and Exchange policies.\n \n\n\n\n About Nord Precious Metals Mining\nInc.\n \n\n\n\n Nord Precious Metals Mining Inc. operates the only\npermitted high-grade milling facility in the historic Cobalt Camp of\nOntario, where the Company has established a unique position\nintegrating high-grade silver discovery with strategic metals recovery\noperations. The Company's flagship Castle property encompasses 63 sq.\nkm of exploration ground and the past-producing Castle Mine,\ncomplemented by the Castle East discovery where drilling has\ndelineated 7.56 million ounces of silver in Inferred resources grading\nan average of 8,582 g/t Ag (250.2 oz/ton).\n \n\n\n\n Nord's integrated processing strategy leverages the\nsynergistic value of multiple metals. High-grade silver recovery\nsupports the economics of extracting critical minerals including\ncobalt, nickel, and other battery metals, while the company's\nproprietary Re-2Ox hydrometallurgical process enables production of\ntechnical-grade cobalt sulphate and nickel-manganese-cobalt (NMC)\nformulations. This multi-metal approach, combined with established\ninfrastructure including TTL Laboratories and underground mine access,\npositions Nord to capitalize on both precious metals markets and the\ngrowing demand for battery materials.\n \n\n\n\n The Company maintains...