Norsemont Closes $6M Financing for Chile Gold Project with Matysek Backing

Norsemont Mining Inc. has successfully closed the final tranche of its private placement, raising an additional CAD $600,000 through the issuance of 1,000,000 units at CAD $0.60 each. This brings the total gross proceeds from the Offering to $6,079,199.40, with each unit comprising one common share and one-half of a Warrant exercisable at CAD $0.75 per share for two years. The financing attracted strategic investments from prominent mining figures, including Paul Matysek, who joined existing supporters like Rob McEwen, Crescat Capital, Dr. Quinton Hennigh, and Larry Lepard, underscoring strong industry confidence in Norsemont's vision.

The funds are earmarked for advancing the Choquelimpie Gold-Silver-Copper project in Northern Chile, specifically targeting a phase 3 drill program. This program will focus on exploring the copper porphyry zone, high-grade gold zones, oxide/leachable gold zones, and metallurgy, alongside covering general working capital needs. CEO Marc Levy highlighted that this backing positions the company to move toward a production scenario, unlocking substantial value for stakeholders, while Paul Matysek emphasized the project's untapped potential in a region known for world-class ore deposits.

Norsemont Mining Inc. owns a 100% interest in Choquelimpie, a previously permitted mine with significant infrastructure, including roads, power, water, a camp, and a 3,000-tonne-per-day mill. The project boasts an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces, with over 1,700 drill holes already completed. This development is subject to regulatory compliance, including hold periods for investors, and reflects the company's commitment to responsible resource development. For more details, view the original release on www.newmediawire.com.