Aankondiging • Feb 20
Norsemont Mining Inc. Announces Drilling Program Update at Choquelimpie Norsemont Mining Inc. announced the completion of the first seven holes of the Phase 3 drill program, for a total of 1,650 meters. The drilling has provided important data for the extension of higher-grade zones, to depth. The 'Altiplano Winter' weather pattern, an annual event, has necessitated that drill operations be postponed. Norsemont is planning for the weather conditions to be such that drilling operations can resume in April 2026 to complete the Phase 3 drill program of 20 DDH holes for 5,000 meters total. Drill samples for the 2025 drill program have been submitted to the laboratory. Results have been initially received for two holes, although some intervals with initial 'over-limit' results remain to be re-assayed. Partial results also have been received for additional holes. Planning and permitting for a more extensive Phase 4 program in 2026 is underway. The 2025 Phase 3 drill campaign at Choquelimpie has successfully evaluated the down-dip extensions of higher-grade gold mineralization (>1 gram/tonne Au) hosted within hydrothermal breccia zones. Seven holes (7) core holes, for a total of approximately 1650 meters have been completed. Downhole surveys have been conducted by DV Drilling utilizing a Devic Gyroscope. All split drill core samples for the drilling have been shipped to Activation Geological Services SpA (AGS) for geochemical analysis. The samples have been prepared at the AGS facility located in Antofagasta Chile and are being analyzed at the AGS geochemical laboratory, located at Coquimbo, Chile. The laboratory has an ISO 17025 certification. The gold grades are being determined by fire assay (AGS code AU-FA30). Drill intervals that have some degree of oxidation are also being analyzed by the cyanide-soluble gold method (AUCN). The samples are also being analyzed for 60 elements, including silver, by mass spectrometer (MS TD60). In addition, silver and specific base metals are being re-assayed by atomic absorption for samples where the initial value for a particular element is greater than the limit of accuracy ("over-limit") for that method. The overlimit value for: silver is 100 ppm, copper is 10,000 ppm, lead is 5,000 ppm and zinc is 10,000 ppm. MV25-DD01 Assay results have been received for DD01, although some intervals with initial "over-limit' results remain To be re-assayed. The hole intersected the Vizcacha hydrothermal breccia: dacite porphyry fragments in dark- gray hydrothermal matrix. Block model grades in g/t Au & 4) Block model display filtered to > 0.20 g/t Au. The Phase 3 exploration program was supervised by Roman Flores, a Persona Calificada (Q.P.) with the Commission Minera Chile. Board Change • Jan 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mijael Thiele was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 09
Norsemont Mining Inc. Announces CFO Changes Norsemont Mining Inc. announced the appointment of Charles Ross as Chief Financial Officer. Charles Ross replaces Kulwant Sandher as CFO. Aankondiging • Dec 25
Norsemont Mining Inc. announced that it has received CAD 15.065811 million in funding On December 23, 2025. Norsemont Mining Inc. announced that it has closed the transaction. It has issued Convertible Debentures for proceeds of CAD 4,690,096 under its second tranche. Aankondiging • Dec 08
Norsemont Mining Inc. announced that it expects to receive CAD 10 million in funding Norsemont Mining Inc. announced non brokered private placement of unsecured convertible debenture units for gross proceeds of CAD 10,000,000 on December 8, 2025. The transaction will include participation from Strategic Investors. The company is offering an overallotment of up to 30% of the offering. .Each Convertible Debenture Unit is comprised of one convertible debenture in the principal amount of $1,000 per debenture with each Convertible Debenture and all accrued and unpaid interest thereon convertible into common shares of the Company (each, a “Conversion Share”) at a conversion price of CAD 0.86 per Conversion Share and 802 transferable common share purchase warrants with each Warrant entitling the holder thereof to purchase one common share at a price of CAD1.00per Warrant Share for a period of three years from the closing date of the Offering (the “Closing Date”), subject to acceleration rights for both the Convertible Debentures and the Warrants. The Convertible Debentures bear interest at a rate of 5.25% per annum with a maturity date of three years from the Closing Date. The Company anticipates closing the financing on December 17, 2025, subject to the standard five-day notice period required by the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a restricted period of four months and one day. At any time after the date that is four months and one day after the Closing Date, if, for at least 10 consecutive trading days, the closing price of the common shares of the Company (each, a “Common Share”) on the Exchange for each day during such period exceeds CAD 3.00per Common Share, then the Company may issue a notice by public news release (the “Debenture Forced Conversion Notice”) to the holders to automatically convert the Convertible Debentures together with all accrued and unpaid interest thereon into Common Shares on the date which is 10 days after the date of the Debenture Forced Conversion Notice. All of the Convertible Debentures and accrued but unpaid interest thereon will automatically convert into Common Shares at the Conversion Price on the Forced Conversion Date. In the event that the Common Shares close at a price on the Exchange of CAD1.75 or greater per Common Share for a period of 10 consecutive trading days after four months and one day from the Closing Date, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof by public news release and, in such case, the Warrants will expire on the 10th business day after the date of such notice. Aankondiging • Oct 03
Norsemont Mining Inc. announced that it has received CAD 0.35 million in funding On October 3, 2025, Norsemont Mining Inc. closed the transaction. Aankondiging • Sep 27
Norsemont Mining Inc. announced that it expects to receive CAD 0.35 million in funding Norsemont Mining Inc. announced non-brokered private placement of up to 3,500,000 pre funded warrants at an issue price of CAD 0.10 per Warrant for gross proceeds of CAD 350,000 on September 26, 2025. The warrants have an exercise price of CAD0.59 per Warrant (for a total cost of CAD 0.69 per share). Each Warrant will entitle the holder to purchase one common share in the capital of the Company at a price of CAD 0.59 per Share for a period of five years from the closing of the Offering provided that if the Shares have a closing price on the CSE (or such other securities exchange on which the Shares may be traded at such time) of CAD1.00 or greater per Share for a period of ten consecutive trading days at any time after four months and one day from the Closing, then the Company may accelerate the expiry of any outstanding 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 business day after the date of such notice. The Offering is subject to compliance with CSE policies. All Warrants, and any Shares issued on the due exercise of the Warrants, will be subject to a restricted period of four months and one day from the closing of the Offering. The Offering is anticipated to close on October 3, 2025, subject to the standard five-day notice period required by the Canadian Securities Exchange (the “CSE”). None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. New Risk • Sep 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$307k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Significant insider selling over the past 3 months (CA$307k sold). Market cap is less than US$100m (CA$75.2m market cap, or US$54.6m). Aankondiging • Sep 04
Norsemont Mining Inc. announced that it has received funding from Crescat Portfolio Management LLC and other investors On September 3, 2025, Norsemont Mining Inc. closed the transaction. The company issued 1,000,000 units at an issue price of CAD 0.60 for gross proceeds of CAD 600,000 in its final tranche. To date, the company has raised aggregate gross proceeds of CAD 6,079,199.40 under the offering. The transaction includes participation from strategic industry leaders including Rob McEwen, Crescat Portfolio Management LLC, Quinton Hennigh, Larry Lepard, and Paul Matysek. 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. The offerings are subject to compliance with CSE policies. New Risk • Aug 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$54.8m market cap, or US$39.6m). Aankondiging • Aug 20
Norsemont Mining Inc. announced that it has received CAD 4.287699 million in funding On August 18, 2025. Norsemont Mining Inc closed the transaction by issuing 2,320,000 units of the Company at CAD 0.60 per unit for gross proceeds of CAD 1,392,000 under its second tranche. The Company paid aggregate finder’s fees of CAD 68,060 and issued 109,433 finder warrants to eligible finders in connection with the first 2 tranches of the offering. Aankondiging • Aug 02
Norsemont Mining Inc. announced that it expects to receive CAD 3.5 million in funding Norsemont Mining Inc announced that it is undertaking a non-brokered private placement of up to 7,000,000 units at an issue price of CAD 0.50 per unit for gross proceeds of CAD 3,500,000 on August 1, 2025. 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 ($0.55) per common share for a period of two years from the date of closing. The Company anticipates closing the first tranche of CAD 2,000,000 on August 11, 2025, subject to the standard five-day notice period required by the Canadian Securities Exchange. The Offerings are subject to compliance with CSE policies. 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. Recent Insider Transactions Derivative • Jul 23
Chief Financial Officer exercised options to buy CA$156k worth of stock. On the 21st of July, Kulwant Sandher exercised options to buy 265k shares at a strike price of around CA$0.30, costing a total of CA$80k. This transaction amounted to 62% of their direct individual holding at the time of the trade. Since September 2024, Kulwant's direct individual holding has increased from 581.38k shares to 691.38k. Company insiders have collectively bought CA$99k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jun 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.3m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (CA$21.0m market cap, or US$15.3m). New Risk • May 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (CA$15.7m market cap, or US$11.4m). Aankondiging • Apr 15
Norsemont Announces 2,184,000 Indicated at 0.83 G/T and 557,000 Indicated Gold Equivalent Ounces MRE for Choquelimpie Norsemont Mining Inc. announced an updated Mineral Resource Estimate ("MRE") of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper Project ("Choquelimpie" or "the Project"), located in the Province of Parinacota, Region XV, Northern Chile. Norsemont holds a 100% ownership interest in the Project, through its wholly owned Chilean subsidiary, Sociedad Contractual Minera Vilacollo, ("SCMV"). The updated estimate reflects updated drilling results which continue to demonstrate the significant upside potential for the Project. Indicated Resources: 81,888,000 tonnes with grades of 0.83 AuEq, containing 1,731,000 ounces of gold at 0.66 g/t, 33,233,000 ounces of silver at 12.62 g/t and 50,867,000 pounds of copper at .04%. Inferred Resources: 25,267,000 tons with grades of 0.69 AuEq, containing 446,000 ounces of gold .55 g/t, 7,219,000 ounces of silver at 8.89 g/t and 19,104,000 pounds of copper at.04%. The updated MRE is based on 3,144 meters of additional drilling completed in 2021 and includes updated geological modeling and re-interpretations of several oxidation zones throughout the mineral deposit. Aankondiging • Jan 27
Norsemont Mining Inc., Annual General Meeting, Apr 09, 2025 Norsemont Mining Inc., Annual General Meeting, Apr 09, 2025. New Risk • Dec 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$14.0m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 1.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$14.0m market cap, or US$9.87m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Aankondiging • Nov 05
Norsemont Mining Inc. Appoints Mijael Thiele to Board of Directors Norsemont Mining Inc. announced the appointment of Mijael Thiele to the Company's Board of Directors effective immediately. Mr. Thiele is a senior mining executive with 30 years of experience in managing major mining assets and leading complex strategic projects. He has promoted innovative and transformative solutions in the industry, holding leadership roles in large-scale projects and overseeing significant copper, gold and molybdenum operations. In 2016, he made a strategic transition into management consulting and board roles for mining and mining related companies. Leveraging his extensive real-world experience, strong analytical skills and support from a team of highly trained consultants, he delivers unique, value-added advisory services to boards and executive teams. Mr. Thiele spearheaded, in record time, the development of the $2.7 billion greenfield Esperanza megaproject, a 100,000 tpd copper-gold operation, taking it from exploration to commercial production in just six years and setting benchmarks in safety, Capex, and development time. In addition to designing and building the project, he was also responsible for establishing the new company as an independent operation for Antofgasta Minerals. This involved creating all foundational elements, including vision, mission, values, ESG frameworks, and building, hiring, and training the entire operations team. Serving as CEO, he effectively set up the new mining operation from the ground up. Esperanza became the first operation of its kind to utilize 100% seawater (without desalination), implement thickened tailings, and run an integrated control center spanning mine operations, plant, pipeline, and port. Mr. Thiele also managed one of Anglo American's most complex operations, the Los Bronces copper mine, for 3 years as VP of Operations and General Manager. Under his leadership, the mine achieved continuous improvements in safety performance, exceeded production targets, and maintained costs consistently within budget. New Risk • Oct 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 10.0% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$21.0m market cap, or US$15.1m). Aankondiging • Oct 23
Norsemont Mining Inc. announced that it has received CAD 3 million in funding On October 22, 2024 Norsemont Mining Inc. closed the transaction. All securities issued under the Offering will be subject to a hold period of four months and one day from the date of Closing of the Offering in accordance with applicable Canadian securities laws Aankondiging • Oct 19
Norsemont Mining Inc. announced that it has received CAD 1.02 million in funding On October 18, 2024. the company has closed the transaction. New Risk • Jun 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$913k free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Market cap is less than US$100m (CA$14.6m market cap, or US$10.6m). Board Change • May 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Nikolas Perrault was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 08
Norsemont Mining Inc. Appoints Sergei Diakov to Board of Directors Norsemont Mining Inc. announced the appointment of Dr. Sergei Diakov to the Company's Board of Directors effective immediately. Dr. Diakov, a geologist based in the USA, has over 30 years of experience in the mining industry. His expertise lies in building successful teams to deliver challenging tasks of discovering significant mineral deposits, providing their economic evaluation and assessment and securing necessary funding with a final goal of bringing exploration discoveries into production, thereby enhancing shareholder value. With extensive experience in diverse cultural environments, Dr. Diakov excels in cultivating high-performing exploration and development teams. His expertise spans various mineral commodities, such as copper, gold, nickel, uranium, base metals, potash and metallurgical coal. Notably, he led BHP to the original discovery of the world-renowned Oyu Tolgoi porphyry copper-gold deposit in Mongolia and AngloGold Ashanti's discovery of Nuevo Chaquiro, a significant porphyry copper-gold deposit in Colombia. Revered for his professionalism, profound technical knowledge, exemplary safety record and strong leadership, Dr. Diakov meticulously plans and executes exploration and development programs while upholding the highest global standards for environmental and social responsibility. New Risk • Nov 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$913k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$913k free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.55m market cap, or US$4.83m). Minor Risk Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Aankondiging • Nov 23
Norsemont Mining Inc. Announces Resignation of Mr. John Bean from Board of Directors Norsemont Mining Inc. announced that Mr. John Bean, due to personal reasons, has resigned from the Company's Board of Directors, effective immediately. Aankondiging • Nov 18
Norsemont Mining Inc. Announces Board Changes Norsemont Mining Inc. announced that Mr. Patrick Burns, due to personal reasons, has resigned from the Company's Board of Directors, effective immediately. Aankondiging • Oct 21
Norsemont Mining Inc. Announces Resignation of Art Freeze to Board of Directors Norsemont Mining Inc. announced that Mr. Art Freeze, due to personal reasons, has resigned from the Company's Board of Directors, effective immediately. Aankondiging • Jul 06
Norsemont Mining Inc., Annual General Meeting, Sep 14, 2023 Norsemont Mining Inc., Annual General Meeting, Sep 14, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. Director Al Larmour is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Sep 30
Norsemont Mining Inc. announced a financing transaction Norsemont Mining Inc. announced a non-brokered private placement of units on September 28, 2022. Each unit consisted of one common share in the capital of the company and one-half of one transferable common share purchase warrant. Each warrant entitles the holder thereof to acquire one share at a price of CAD 0.75 per warrant share until 5:00 p.m. on or before September 16, 2024 or September 21, 2024, depending on the individual warrant, subject to an acceleration provision whereby if the shares trade at a price on the Canadian Securities Exchange of CAD 1.10 or greater per share for a period of 10 consecutive trading days after four months and one day from the closing of the Offering. The securities distributed pursuant to the Private Placement are subject to a statutory hold period of four months and one day that expires on January 17, 2023, and January 22, 2023.
On the same day, the company has received first tranche of a non-brokered private placement issuing a total of 850,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 340,000. Aankondiging • Jul 01
Norsemont Mining Inc., Annual General Meeting, Sep 08, 2022 Norsemont Mining Inc., Annual General Meeting, Sep 08, 2022. Aankondiging • Jun 11
Norsemont Mining Inc. announced a financing transaction Norsemont Mining Inc. announced a non-brokered private placement of a one year, 6% unsecured convertible debentures on June 9, 2022. The Debentures are convertible into units of the Company at a price of CAD 1.00 per unit. Each unit consists of one common share and one-half warrant, with each whole warrant exercisable at CAD 1.25 per share for a period of three years from the date of issuance. The Debentures are subject to a four month hold under Canadian securities laws expiring October 9, 2022.
On the same date, the company received CAD 100,000, in its first tranche. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. Director Al Larmour is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Apr 21
Norsemont Mining Inc. announced that it has received CAD 0.95 million in funding Norsemont Mining Inc. announced that it has closed a non-brokered private placement financing of unsecured convertible debentures for gross proceeds of CAD 950,000 on April 20, 2022. The principal amount of a debenture, together with all accrued and unpaid interest thereon, is convertible into units of the company at the option of the holder at a conversion price of CAD 1 per debenture unit, with each debenture unit comprised of one common share of the company and one-half transferable share purchase warrant with each debenture warrant exercisable into one additional debenture share at an exercise price of CAD 1.25 per debenture warrant share for a period of three years from the date of conversion. The principal amount will accrue interest from the closing date at the rate of 6% per annum, which interest will be payable quarterly in arrears. The transaction is being raised from certain existing shareholders and current directors, executive officers, business associates and employees, some of whom are insiders of the Company. Aankondiging • Apr 03
Norsemont Expands Footprint At Choquelimpie with Latest Positive Drill Results Which Intercepted 170 Meters of 1.57 G/T Aueq and 95 Meters of 1.92 G/T Aueq Norsemont Mining Inc. announced the third tranche of results from its 2021 maiden diamond drilling program at the company’s Choquelimpie high sulphidation epithermal gold-silver project in northern Chile. MV21-009 was sited to test for extensions of mineralisation to the south-east and beneath the Choque Pit,. The hole intersected grey silica matrix hydrothermal breccias with pyrophyllite-dickite advanced argillic alteration and disseminated and crackle-hosted pyrite (±enargite-sphalerite) mineralisation. Notable mineralised intervals include 15.0 m of near surface oxide gold followed by 170.0 m of highly significant gold-silver mineralisation. Drillhole MV21-001 was planned to test for extensions of the hydrothermal breccias seen in the Vizcachas pit to the north and to depth. The hole cut a multi-pulse breccia complex made up of chaotic matrix, tuffisite matrix and hydrothermal matrix breccias with advanced argillic alteration (dickite-pyrophyllite, illite-pyrophyllite) and silicification thought to represent the transition from the upper epithermal environment to the deeper porphyry environment. Mineralisation occurs as sulphides of pyrite (± enargite-galena-sphalerite) with gold grades open in all directions. MV21-007 was sited to extend mineralisation between the Intermedio pit and the open mineralisation intercepted in historic drillhole R144 (69m @ 2.76 g/t Au, 21.9 g/t Ag). The hole cut a daci-andesite dome with argillic and advanced argillic alteration. Oxide mineralisation extends to 18.7 m before entering the sulphide zone with pyrite (±sphalerite-galena). The alteration and mineralisation, which returned sporadic intercepts, is interpreted as being typical of the peripheral “halo” to the high-grade zones seen in the Intermedio Pit. Aankondiging • Mar 04
Norsemont Mining Inc. Delivers Second Tranche of Encouraging Drill Results and Intercepts Porphyry at Choquelimpie Norsemont Mining Inc. announced the second tranche of results from its 2021 maiden diamond drilling program at the company’s Choquelimpie high sulphidation epithermal gold-silver project in northern Chile. In fourth quarter 2021 two drill rigs completed ten diamond drill holes for a total of 3,144.1 meters drilled, prior to the temporary suspension of the drilling operations due to the early onset of the Altiplano winter. The second batch of analytical results for the program have been received from Andes Analytical Laboratories and correspond to diamond drill holes MV21-003, MV21-005 and MV21-006. Diamond drill hole MV21-003 tested the eastern strike and depth extent of high-grade breccias observed in the Vizcacha Pit. A high-grade zone coincides with hydrothermal matrix breccia (HBX) and comprises disseminated and infilling pyrite mineralisation with advanced argillic quartz-dickite-alunite (±pyrophyllite) alteration. Diamond drill hole MV21-005 tested the western strike and depth extent of high-grade breccias seen in the Vizcacha Pit, and the southern edge of an IP chargeability anomaly possibly related to a porphyry at depth. The top half of the hole cuts several short intervals of 0.2-0.7 g/t Au, possibly related to the roots of the hydrothermal breccia (HBX). More importantly, at 240-340 meters down-hole, the hole cuts dykes of phyllic-altered daci-andesite porphyry cut by an incipient stockwork of porphyry-style A and B veinlets with anomalous base metals, gold (weighted average 0.2 g/t) and molybdenum (weighted average 45 ppm). This porphyry has been named the “Vizcacha Porphyry” (DPV) and has been observed in outcrops to the north and west of the Vizcacha Pit. Follow-up surface mapping and sampling is now underway to better understand this potentially important unit and provides the first evidence of a porphyry system flanking and underlying the Choquelimpie epithermal deposit. Drill hole MV21-006 tested the north-eastwards extension of mineralisation from the Choque Pit. Hole MV21-006 cuts advanced argillically altered hydrothermal breccia (HBX) with infill of grey silica-pyrite (Figure 6). Significant gold and silver intercepts coincide with hydrothermal breccia and include 19m (68-87m) grading 0.63 g/t Au, 31.8 g/t Ag, (1.02 g/t AuEq) as oxide and 115m (109-224m) grading 0.71 g/t Au, 10.7 g/t Ag, (0.84 g/t AuEq) including 14m (109-123m) grading 0.83 g/t Au, 39.6 g/t Ag, (1.32 g/t AuEq), as oxide. Drill core for the Choquelimpie 2021 drill program is collected directly from the drill site by SCM Vilacollo geologists and technicians and taken to the core shack at the Choquelimpie camp. Drill core is then logged, photographed, and sampled by SCM Vilacollo staff who insert certified reference materials into the sampling sequence when/where appropriate. Sample lengths are marked at 1.0 metre intervals and the core is cut by a diamond blade rock saw, with half of the cut core placed in individual bar-code numbered polyurethane bags and half placed back in the original core box for permanent storage. The sample bags are then sealed and placed in security-sealed sacks before delivery by SCM Vilacollo staff to the Andes Analytical Laboratory (AAA) sample receiving facilities in Arica, Chile. All drill core splits reported in this news release were analysed at AAA in Santiago, Chile utilising their ICP_AES_HF38m1 analytical package. This comprises a four-acid digestion followed by a 38-element ICP-MS scan, in conjunction with the AEF_AAS_1E42 40g Fire Assay with AAS finish for gold on all samples. Samples that return values >10 ppm gold from fire assay and AAS are determined by using fire assay and a gravimetric finish (lab code AEF_GRV_1E43). Samples that return values >5,000 ppm for copper and >400 ppm silver by ICP analysis are determined by four acid digestion AAS finish assay (lab codes 4A-HF_AAS_1E13_ppm and 4A-HF_AAS_1E08_0.25-100 respectively). Aankondiging • Feb 10
Norsemont Mining Inc. Provides Operational Update and Announces First Tranche of Results from its Maiden Diamond Drilling Program at its Choquelimpie High Sulphidation Epithermal Gold-Silver Project in Northern Chile Norsemont Mining Inc. provided an operational update and announced the first tranche of results from its maiden diamond drilling program at the company’s Choquelimpie high sulphidation epithermal gold-silver project in northern Chile. Two drill rigs completed ten diamond drill holes prior to the temporary suspension of the drilling operations due to the early onset of the Altiplano winter. A total of 3,144.1 meters were completed out of the initial 4,000 metre drill campaign. The first batch of analytical results for the program have been received from Andes Analytical Laboratories and correspond to diamond drill holes MV21-002 and MV21-004. Both drill holes were oriented to test for the presence of high-grade mineralisation in hydrothermal breccia intercepted in historical holes and observed in the bottom of the Vizcacha Pit. Drill holes MV21-002 and MV21-004 both intercepted multiple intervals of matrix and clast supported hydrothermal breccia with intense advanced argillic alteration and widespread infill and disseminated pyrite and enargite mineralisation. The discontinuous nature of the breccia intervals in hole MV21-002 suggests this hole skirted the edge of the main breccia body. Drill core for the Choquelimpie 2021 drill program is collected directly from the drill site by SCM Vilacollo geologists and technicians and taken to the core shack at the Choquelimpie camp. Drill core is then logged, photographed and sampled by SCM Vilacollo staff who insert certified reference materials into the sampling sequence when/where appropriate. Sample lengths are marked at 1.0 metre intervals and the core is cut by a diamond blade rock saw, with half of the cut core placed in individual bar-code numbered polyurethane bags and half placed back in the original core box for permanent storage. The sample bags are then sealed and placed in security-sealed sacks before delivery by SCM Vilacollo staff to the Andes Analytical Laboratory (AAA) sample receiving facilities in Arica, Chile. All drill core splits reported in this news release were analysed at AAA in Santiago, Chile utilising their ICP_AES_HF38m1 analytical package. This comprises a four-acid digestion followed by a 38-element ICP-MS scan, in conjunction with the AEF_AAS_1E42 40g Fire Assay with AAS finish for gold on all samples. Samples that return values >10 ppm gold from fire assay and AAS are determined by using fire assay and a gravimetric finish (lab code AEF_GRV_1E43). Samples that return values >5,000 ppm for copper and >400 ppm silver by ICP analysis are determined by four acid digestion AAS finish assay (lab codes 4A-HF_AAS_1E13_ppm and 4A-HF_AAS_1E08_0.25-100 respectively). The information presented in this news release was collected and prepared by SCM Vilacollo staff in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. QA/QC for the analytical results was reviewed by Enrique Grez, an independent qualified person, registration number 0015 of the Comisión Calificadora de Recursos y Reservas Mineras de Chile, and a Qualified Person as defined in National Instrument 43-101, Standards for Disclosure for Mineral Projects. Aankondiging • Feb 04
Norsemont Mining Inc. Announces Board Changes Norsemont Mining Inc. announced the appointment of John Bean to the Board of Directors, effective immediately. He has joined the board as an independent director, where he will bring to bear his financial management, capital markets, strategic acquisitions and corporate governance experience. Bean was the CFO of Aurora Cannabis Inc. Bean has served on the board of Prescient Mining Corp., which became Aurora Cannabis Inc., General Fusion Inc., SyncWave Energy Inc., TAP Ventures Inc., RSI International, BC Technologies Industry Association, Accenture’s CSTaR (Center for Strategic Technology Research) and Bobolink Daycare Society for Deaf Children. Kant Trivedi has resigned from the Company’s Board of Directors effective immediately, to make room for Bean. Aankondiging • Dec 07
Norsemont Mining Inc. Announces Drilling Update Norsemont Mining Inc. announced that its maiden diamond drilling program at its Choquelimpie high sulphidation epithermal gold-silver project in northern Chile is progressing better than anticipated and has surpassed the mid-way mark. Two drill rigs are turning and have completed eight holes to-date. This initial 4,000 metre drill campaign is anticipated to be completed before the end of December with the first set of analytical results expected within two weeks. The 2021 drill program is targeting three areas - the Vizcacha Pit area, the Intermedio Pit area and the Choque Pit area, which returned high grade gold-silver intercepts in historic drilling. In addition, ongoing field mapping and 3D modelling suggests that mineralization may also be present between the historically mined pits. This program is designed to confirm historic drill results, and to test some of the areas with little or no drilling in search of additional mineralisation. Aankondiging • Nov 24
Norsemont Mining Inc. Commences Maiden Diamond Drill Program At Choquelimpie Norsemont Mining Inc. announced that a diamond drilling program is underway at its Choquelimpie high sulphidation epithermal Au-Ag project in northern Chile. This initial 4,000 metre drill campaign has begun, with two drill rigs turning and is anticipated to be completed before the end of December. Through its wholly owned Chilean subsidiary SCM Vilacollo, Norsemont has contracted the drilling services of Wolf Drilling from La Serena, Chile. Wolf Drilling has extensive experience drilling similar mineral deposits at high altitude, including Marte, Lobo and La Coipa, and has an exemplary health and safety record. The 2021 drill program is targeting three areas - the Vizcacha Pit area, the Intermedio Pit area and the Choque Pit area, which returned high grade Au-Ag intercepts in historic drilling, (news release 15th November 2021). In addition, ongoing field mapping and 3D modelling suggests that mineralisation may also be present between the historically mined pits and in areas where little to no drilling data exists. This program is designed to confirm the historic drill results, and to test some of the areas with little or no drilling in search of additional mineralisation. Drilling is progressing well and to-date four diamond drill holes have been completed in the Vizcacha Pit area and two diamond drill holes are in progress, one in the Vizcacha area, and another in the Choque area. Drilling to date totals approximately 1,243 metres. Drillcore is currently being logged by in-house geological team. Drillcore is collected from the drill rig by Norsemont staff and transported to the Choquelimpie core logging and sample preparation area, located on site close to the camp. Here the core is logged and prepared for sampling prior to being cut in half, with one half being sent to Andes Analytical Laboratories sample collection point in Arica for dispatch to their analytical facilities in Santiago. The other half is retained for geological purposes. Norsemont follows industry best practices for sample preparation and Andes Analytical is an ISO 19001 certified Laboratory. Duplicates, certified blanks and standards are inserted in the sample process by both Norsemont and Andes Analytical to provide quality assurance and quality control. Further updates on the geology of the deposit will be provided as the team incorporates the results of the new drilling and ongoing surface mapping but preliminary geological observations indicate that Choquelimpie is the root zone of a classic "lode" style High Sulphidation Epithermal system. Typical characteristics of such systems observed to date at Choquelimpie include the following: High grade high-sulphidation style mineralisation in the pits and in drillcore occurs as open space fillings of pyrite-enargite, sphalerite, and trace sulfosalts with a dickite, chalcedony, quartz and barite gangue, hosted in anastomosing hydrothermal breccia networks that are generally vertical to steeply dipping. The hydrothermal breccias generally occur cutting zones of vuggy silica, massive silica and/or tuffisite matrix breccia surrounded by an envelope of intense alunite alteration. The alunite alteration envelope passes outwards into kaolinite dominant alteration. The vuggy and massive silica appear to be part of the same feeder network as the hydrothermal breccia. The tuffisite matrix breccia may occur independently and predate the hydrothermal breccia. Disseminated mineralisation occurs as a halo around the mineralised network especially in the porous vuggy silica and tuffisite matrix breccias. In the Choque and Intermedio areas, the mineralised bodies form irregular lenses and pods from several to a dozen metres in width and length, elongated along "corridors" generally trending WSW-ENE to E-W. Mineralisation in the Vizcacha Area is similar in style, but breccias are more common and the structural controls are less clear. Aankondiging • Jun 02
Norsemont Mining Inc. to Commence Geophysics and Provides an Update on Progress at its Choquelimpie Gold-Silver Project Norsemont Mining Inc. announced it is commencing a geophysical survey and provides an update to its shareholders on the Choquelimpie gold-silver Project, located within the Province of Parinacota in Region XV of northern Chile. The former producing mine is located approximately 115 kilometers east-northeast of the coastal city and port of Arica. Norsemont holds a 100% ownership interest in the Project, through its wholly owned Chilean subsidiary Sociedad Contractual Minera Vilacollo, (SCM Vilacollo). Despite challenging conditions due to Covid-19, Norsemont continues to make excellent progress across a number of fronts and has made significant progress toward a drilling program, as well as the pending issuance of its first official NI-43-101 resource estimate. The early focus on developing a comprehensive database has required the digitization and validation of extensive archives containing historic material and is on-going. Field workers are strictly observing COVID-19 protocols. In order to support a NI 43-101 Resource report in the coming months, Norsemont has embarked on a major re-assaying program, to confirm historic data and provide additional quality assurance and control. Samples have been taken from drill holes across the property that reflect different mineralized zones, oxidation states and media type (DDH core /RC cuttings). To date, roughly 9,500 of an estimated 16,000 samples have been submitted for re-analysis. Norsemont has engaged SouthernRock Geophysics (“SG”) of Antofagasta, Chile to complete Induced Polarization/Resistivity (“PDIP”) and Magneto-Telluric (“MT”) geophysical surveys over the Project area. The survey line plan considers eleven 250 meter-spaced survey lines up to 2.6 km each, adjusted where necessary due to topographic relief and permit areas. Every second line, for a total of 13.7 line-km, will be acquired using PDIP-MT every 500 metres with five intervening lines with MT only for 11.8 km. The anticipated date to mobilize crews to site is June 5th, 2021. The objective of the survey is to cost-effectively characterize the mineral system in 3D and potentially identify lateral and vertical extensions to current mineralized zones. Meetings have been held virtually with multiple stakeholders including representatives from the Governors offices of Arica and Parinacota, Municipalities of Arica, Putre and Camarones; plus representatives from various government agencies - SEREMI (Regional Mines Ministry), SEA (Environmental Assessment), SERNAGEOMIN (Geology and Mining), SAG (Agriculture), CONAF (National Forest), DGA (Water) and local communities to ensure plans are communicated and feedback provided ahead of any activities. This consultation will continue on a regular basis. Aankondiging • Mar 17
Norsemont Provides Update on Choquelimpie Gold-Silver Project Norsemont Mining Inc. provide an update to its shareholders on the Choquelimpie gold-silver project ("the Project"), located within the Province of Parinacota in Region XV of northern Chile and approximately 115 kilometers east-northeast of the coastal city and port of Arica. Norsemont holds a 100% ownership interest in the project, through its wholly owned Chilean subsidiary Sociedad Contractual Minera Vilacollo, ("SCM Vilacollo"). Until recently field operations have been challenging due to Covid-19 lock-downs but Norsemont report that field operations are now underway in earnest, whilst continuing to carefully observe Covid-19 protocols. Meetings have been held with local indigenous community leaders and access agreements are in place. On the technical front the early focus has been on developing a comprehensive validated database. Voluminous
historic material is being digitized and a major re-assaying program is underway. Diamond drill core, RC cuttings pulps and splits are kept in an orderly fashion in a warehouse at the historic mine-site and are easily accessible. Several thousand samples will be re-assayed over the next three months and results will be compared to historic data with the aim of supporting a compliant 43-101 resource. Aankondiging • Mar 10
Norsemont Mining Inc. Appoints Dr. Adrian King to the Board of Directors Norsemont Mining Inc. announced the appointment of Dr. Adrian King to the Board of Directors. Mr. King is a seasoned mining executive who joined Teck Resources Limited more than thirty-five years ago. His global experience in exploration and exploration management included extended assignments in London, Brussels, Santiago, Spokane and Vancouver where he now resides. Adrian has held a number of positions with Teck including managing the Chilean and Argentinian exploration offices; Chief Geologist at Red Dog where he was involved in the drill definition of the Anarraaq deposit and the first holes drilled into the giant Aktigiruq zinc system. Is New 90 Day High Low • Feb 12
New 90-day low: CA$0.84 The company is down 31% from its price of CA$1.22 on 13 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CA$0.94 The company is down 55% from its price of CA$2.10 on 09 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: CA$1.08 The company is down 56% from its price of CA$2.43 on 20 August 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 17
New 90-day low: CA$1.58 The company is down 19% from its price of CA$1.94 on 17 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 4.0% over the same period. Aankondiging • Oct 15
Norsemont Mining Inc. announced that it has received CAD 1.7182 million in funding On October 13, 2020, Norsemont Mining Inc. (CNSX:NOM) closed the transaction. The company issued a total of 1,073,875 units for gross proceeds of CAD 1,718,200. The company issued 131,160 units for proceeds of CAD 209,856 in its second and final tranche. Aankondiging • Oct 05
Norsemont Mining Inc. announced a financing transaction Norsemont Mining Inc. (CNSX:NOM) announced a non-brokered private placement of units at a price of CAD 1.60 per unit on September 30, 2020. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder thereof to acquire one share at a price of CAD 2.50 per warrant share until 5:00 p.m. on or before on 12 months from closing date. subject to an acceleration provision whereby if the common shares of the company trade at a price on the Canadian Securities Exchange of CAD 3.25 or greater per share for a period of 10 consecutive trading days after four months one day from the closing of the transaction. all warrants will expire on the 31st day after the date of such notice. the company will pay CAD 103,320 of finder's fees or equal to 7% of the gross proceeds with respective to the transaction. All securities to be issued under the Offering will be subject to a four month and one day hold period from the closing of the transaction.
On the same date, the company issued 942,715 units for gross proceeds of CAD 1,508,344 in its first tranche closing. Is New 90 Day High Low • Oct 01
New 90-day low: CA$1.76 The company is down 15% from its price of CA$2.08 on 03 July 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. Aankondiging • Aug 26
Norsemont Mining Inc. announced a financing transaction Norsemont Mining Inc. (CNSX:NOM) announced a non-brokered private placement of units at a price of CAD 1.60 per unit on August 25, 2020. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder thereof to acquire one share at a price of CAD 2.50 per warrant share until 5:00 p.m. on or before on 12 months from closing date. subject to an acceleration provision whereby if the common shares of the company trade at a price on the Canadian Securities Exchange of CAD 3.25 or greater per share for a period of 10 consecutive trading days after four months one day from the closing of the transaction. all warrants will expire on the 31st day after the date of such notice. the company will pay CAD 50,282 of finder's fees or equal to 7% of the gross proceeds with respective to the transaction.
On the same date, the company issued 817,750 units for gross proceeds of CAD 1,308,400 in its first tranche closing. Aankondiging • Jul 23
Norsemont Mining Inc. announced that it has received CAD 5.5 million in funding On July 21, 2020, 2020, Norsemont Mining Inc. (CNSX:NOM) closed the transaction. The company received CAD 5,500,000 in the transaction. The company issued a total of 4,475,500 units for gross proceeds of CAD 4,475,500 in its second and final tranche. The company paid cash finder's fees in the amount of CAD 194,460 to certain eligible finders in connection with the transaction. Aankondiging • Jul 17
Norsemont Mining Inc. announced a financing transaction Norsemont Mining Inc. (CNSX:NOM) announced a non-brokered private placement of units at a price of CAD 1 per unit on July 10, 2020. Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each warrant entitles the holder thereof to acquire one share at a price of CAD 1.50 per warrant share until 5:00 p.m. on or before July 9, 2021. All securities to be issued under the offering will be subject to a four month and one day hold period in accordance with applicable Canadian securities laws. The company will pay a finder’s fee of CAD 3,200 to an eligible finder in connection with the offering.
On the same date, the company issued 1,024,500 units for gross proceeds of CAD 1,024,500 in its first tranche closing. Aankondiging • Jun 18
Norsemont Mining Inc. announced a financing transaction Norsemont Capital Inc. (CNSX:NOM) announced a non-brokered private placement of units issued at CAD 0.75 per unit on June 17, 2020. Each unit consisted of one common share in the capital of the company and one-half of one transferable common share purchase warrants. The warrant entitles the holder thereof to acquire one share at a price of CAD 1.10 per warrant on or before June 14, 2021, subject to an acceleration provision whereby if the common shares of the company trade at a price on the Canadian Securities Exchange of CAD 1.50 or greater per 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 and, in such case, the warrants will expire on the 31st day after the date of such notice. The securities distributed pursuant to the transaction are subject to a hold period of four months and one day. The company may elect to pay a finder's fee in connection with the transaction to eligible finders in compliance with applicable securities laws and Canadian Stock Exchange policies.
On the same date the company issued 1,975,099 units at a price of CAD 0.75 per unit for gross proceeds of CAD 1,481,324.25 in the first tranche of the transaction. The Company paid cash finder's fees in the amount of CAD 20,786.48 to certain eligible finders in connection with the transaction. The securities distributed pursuant to the transaction are subject to a statutory hold period of four months and one day that expires on October 15, 2020. 