NordX Metals completes $1.2 million private placement

NordX Metals Corp. (CSE: NRDX) (OTCQB: ULTHF) (FSE: 0UL) closed a non-brokered private placement raising $1.2 million through the sale of 4 million units at $0.30 per unit.

Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant allows the holder to purchase one additional share at $0.40 for 24 months from the closing date.

The Vancouver-based company will use proceeds for general working capital and continued exploration of its properties. NordX focuses on exploration and development of lithium, uranium, and rare earth element projects.

Directors and officers participated in the placement for $61,000, representing 203,333 units. This constitutes a related party transaction under securities regulations but qualifies for exemptions from valuation and minority approval requirements.

All securities issued are subject to a four-month statutory hold period expiring October 13, 2026. No finder's fees were paid in connection with the offering.

The securities were not registered under U.S. securities laws and may not be offered or sold in the United States without registration or an applicable exemption.

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