Norsemont Announces Closing of 3rd Tranche of Private Placement Led by Crescat Capital and Equity Management Associates

About this update from Norsemont Mining Inc.

[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA - August 25, 2025 (NEWMEDIAWIRE) - Norsemont Mining Inc. (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) ("NOM" or the "Company") is pleased to announce that Crescat Capital led this strategic round and further to its news release dated August 1, 2025, it has closed the second tranche of a non-brokered private placement consisting of 1,985,834 units of the Company at CAD $0.60 per unit for gross proceeds of CAD $1,191,500.40 (the "Offering"). Each Unit will consist of one common share and one-half of one Warrant. Each Warrant entitles the holder to acquire one common share at a price of CAD $0.75 per common share for a period of two years from the date of closing (the "Warrants"). To date, the Company has raised aggregate gross proceeds of $5,479,199.40 under the three tranches of the Offering.","length":861,"tagName":"p"},{"type":"text","content":"In the event that the Company's common shares close at a price on the Exchange of CAD $1.25 or greater per common share for a period of 10 consecutive trading days after four months and one day from the closing of the Offering, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on the ten (10th) business day after the date of such notice. For Canadian investors, there is a hold period of four months and one day from the issuance of the Units. For United States investors they will additionally be subject to hold periods as required by applicable federal and "blue sky" securities laws.","length":789,"tagName":"p"},{"type":"text","content":"The proceeds of the Offering are anticipated to be used for phase 3 drill programs which will include DDH deep 600m holes into copper porphyry zone, 300m drill holes into high grade gold zones and shallow holes into oxide / leachable gold zone, metallurgy and general working capital, in order to advance the Choquelimpie Gold-Silver-Copper project in Northern Chile.","length":367,"tagName":"p"},{"type":"text","content":"The Offerings are subject to compliance with CSE policies.","length":58,"tagName":"p"},{"type":"text","content":""Closing over $5.4 million and the strategic support of Crescat Cap...

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