Business
Norsemont Mining Provides 2025 Year-End Update and Appoints New CFO
Vancouver, B.C. - TheNewswire - January 9, 2026 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to provide a
About this update from Norsemont Mining Inc.
[{"type":"text","content":"Vancouver, B.C. - TheNewswire - January 9, 2026 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to provide a corporate update highlighting 2025 milestones and upcoming initiatives at its 100%-owned Choquelimpie project in northern Chile having recently raised $15 million from new and existing strategic investors. The Choquelimpie project is a past-producing gold-silver mine with historical heap leach production. On April 14, 2025, the Company published its initial mineral resource estimate of 2,184,000 indicated gold-equivalent ounces and 557,000 inferred gold-equivalent ounces in oxide stockpiles and deeper sulfides. The project benefits from extensive infrastructure including power, water, road access, camp facilities, and a 3,000 tonne-per-day mill. positioning it for rapid advancement toward production. Gold-Equivalent (AuEq) ounces (oz) have been calculated using a gold (Au) price of US$2,500/oz, silver (Ag) price of US$28/oz and copper (Cu) price of US$4.00/pound; and according to the following formula: AuEq oz = Au oz + (ozAg*AgPrice/AuPrice) + (CuGrade*CuPrice/AuPrice). CEO Statement Marc Levy, CEO of Norsemont, commented: “We are pleased to end the year with the necessary capital on hand to advance the next stages of Choquelimpie towards an expanded resource and future production. We are in the planning stages of a comprehensive launch of our 2026 Phase 4 drill, environmental and metallurgical programs as we advance Choquelimpie toward its next stage of development. Looking ahead to 2026, our focus will shift to engineering and feasibility work, supported by continued team and board expansion. With technical leadership and our strong geological foundation, Norsemont is building a world-class team to advance this significant gold-silver-copper project.” Development Strategy Norsemont has a two-pronged development plan. 1)Finalize plan to process stockpiles. 2)Systematically drill and expand the oxide and sulfide resources, while testing the copper porphyry potential deeper in the system. Current Work Programs To accomplish these objectives the Company is doing the following: Oxide processing: Develop a geological model for stockpiles and in-situ oxides – In progress Define metallurgical characteristics of the above – In progress Assess state...