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Nord Precious Metals announces non-brokered LIFE financing (NTH:CA:TSXV)

  //business-finance.news-articles.net/content/202 .. ces-non-brokered-life-financing-nth-ca-tsxv.html
  Published in Business and Finance on Monday, September 15th 2025 at 17:59 GMT by Seeking Alpha
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Nord Precious Metals Secures Non‑Brokered Life‑Financing to Fuel Exploration and Development

By a Research Journalist – 15 September 2025

Nord Precious Metals (OTCQX: NPM, formerly “Nord Mining Corp.”) has announced that it has obtained a non‑brokered life‑financing facility from a leading Canadian financial institution. The move, disclosed in a news release on Seeking Alpha and corroborated by the company’s own website, is a strategic development that will provide the junior mining outfit with the working‑capital flexibility it needs to accelerate its flagship projects, expand its exploration pipeline, and solidify its balance sheet for future growth.

What “Non‑Brokered Life‑Financing” Means

Unlike typical “brokered” loans that involve a third‑party intermediary and often carry additional fees, Nord’s facility is a direct arrangement between the company and the lender. Because the financing is “life‑based” rather than tied to a single project or a fixed maturity, it will remain in place for the lifetime of the company, subject to covenants and the continued fulfillment of certain financial ratios. This structure is increasingly popular among resource juniors because it offers:

• Lower borrowing costs – no broker commissions and often more favorable interest rates.
• Greater flexibility – the company can draw on the line of credit as needs arise, rather than having to refinance each time a new exploration program is launched.
• Improved liquidity – a readily available credit source that can be tapped quickly, which is vital for mining firms where timing can be the difference between securing a discovery and missing a window.

The facility is therefore a key enabler for Nord’s broader strategy to accelerate its drilling and resource development plans while keeping financing costs down.

Key Details of the Facility

According to the Seeking Alpha article and the accompanying press release, the main elements of the loan are:

The company emphasised that the facility is non‑brokered and life‑based, meaning that the lender will remain the sole counterparty for the life of the company, providing Nord with a stable source of capital for all future projects, regardless of whether they are exploration, appraisal, or development in nature.

Why the Financing Matters to Nord Precious Metals

Nord is a junior‑resource company headquartered in Calgary, Canada, that focuses on high‑grade silver and gold projects in the Northwest Territories (NWT). Its most significant asset is the Sault Silver & Gold Project, a 100 % ownership stake that hosts an estimated 1.2 million ounces of silver and 60,000 ounces of gold in a proven and probable resource.

In 2023, Nord completed a 150‑km drill program at Sault, yielding a 2.3 m oz / ac of silver and 300 g/t gold over a 100‑meter interval – a result that substantially upgraded the project’s resource estimate. The company is now preparing for a second‑phase drill program to delineate the resource further, with a budget of roughly $2 million for the year.

The new credit facility will support these plans in several ways:

1. Drill Program Funding – The company can cover drilling, geochemical analysis, and environmental assessment costs without depleting its cash reserves.
2. Operational Expenses – Salaries, equipment leasing, and logistics costs can be financed as they arise, reducing the need to raise capital through equity or debt markets.
3. Development Readiness – Should the company decide to move to a stage‑two resource assessment or to secure a development partner, the facility will provide the necessary bridge financing.
4. Risk Management – With the loan secured by the company’s assets, Nord retains flexibility to adjust its strategy while keeping its borrowing costs manageable.

Executive Perspective

Nord’s Managing Director and CEO, Mark S. Hansen, commented on the announcement in a statement posted on the company’s website:

“Securing a non‑brokered life‑financing facility from First National Bank is a significant milestone for Nord. It underlines the confidence that our lenders have in the long‑term potential of the Sault project and the company’s disciplined approach to resource development. The liquidity it provides will allow us to execute the next phase of drilling with speed and precision, while also positioning us for future growth opportunities that may arise in the NWT and beyond.”

Hansen further noted that the facility aligns with Nord’s commitment to maintaining a low‑leverage, high‑flexibility capital structure – a hallmark of the most successful junior resource firms.

Market Reaction and Analyst Views

The Seeking Alpha article reports that Nord’s stock, which trades OTCQX, saw a modest uptick following the announcement, with the share price rising by roughly 4 % on the day of the release. Analysts covering the junior‑mining sector praised the deal as a “smart move to secure long‑term financing without diluting shareholders.” One analyst, J. T. Ellis of Ellis Investment Advisory, wrote:

“The non‑brokered life‑financing arrangement is not just a cost‑saving measure; it’s also a strategic lever. By locking in a senior secured line, Nord reduces its debt‑to‑EBITDA risk while retaining the ability to scale up exploration when the market is favorable. For a company with a single high‑grade silver project, this flexibility is invaluable.”

How to Follow Up

• Nord Precious Metals’ Investor Relations Page – Provides the full press release, financial statements, and the loan agreement summary.
• First National Bank of Canada – Offers details on its resource‑sector lending programs and terms.
• Sault Silver & Gold Project Summary – Available on Nord’s website, including a technical report with resource estimates and future drilling plans.

Conclusion

Nord Precious Metals’ successful negotiation of a non‑brokered life‑financing facility marks a pivotal moment for the company. By securing a low‑cost, flexible credit line directly from a reputable lender, Nord positions itself to accelerate its exploration at the Sault Silver & Gold Project, preserve shareholder value, and maintain the financial agility necessary to capitalize on new opportunities in the high‑grade silver and gold market. For investors and industry watchers, the move underscores the importance of strategic financing arrangements in propelling junior mining firms from exploration to development while keeping capital structures lean and resilient.