Norsemont Mining Completes Third Financing Round

Norsemont Mining Inc. (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) has successfully completed the third tranche of its ongoing private placement. In total, the company has received approximately CAD 5.48 million. This current round alone brought in nearly CAD 1.2 million – the units were issued at CAD 0.60 each and include one share and half a warrant with an exercise price of CAD 0.75. Should the share price trade above CAD 1.25 for more than ten days, Norsemont can prematurely terminate the warrants.

Focus on Drilling Programs in Chile

The fresh capital will be invested in the further development of the Choquelimpie Gold-Silver-Copper project in northern Chile. Plans include deep drilling up to 600 meters into the copper-porphyry zone, 300-meter drillings into high-grade gold zones, and shallower drillings into oxidized and leachable gold areas. Furthermore, funds will be invested in metallurgical tests and general working capital.

Particularly interesting: The financing is supported by renowned investors such as Crescat Capital and Lawrence Lepard. They see significant potential in Choquelimpie – not only for expanding the known gold and silver resources but also for a possible large porphyry discovery in deeper areas. For Norsemont, this is an important signal that experienced industry experts clearly recognize the long-term opportunities of the project.

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