<PAGE>
                                                                   EXHIBIT 10.41

October 25, 2005

Dear Investor,

Nord Resources Corporation has modified certain terms with regard to its recent
private placement offering.

The "Offering" terms are amended to read as follows:

OFFERING: 1,428,571 units (each a "Unit"). Each Unit consists of one common
          share of the Company (each a "Common Share") and one share purchase
          warrant (each a "Warrant"). Each Warrant entitles the holder to
          purchase one additional Common Share (each a "Warrant Share") at an
          exercise price of US$0.40 per Warrant Share, and is exercisable for
          three years from the closing of the Offering.

The "Closing" terms are amended to read as follows:

CLOSING OF OFFERING: The Offering is expected to close on October 31, 2005,
                     subject to extension at the Company's option.

Enclosed for your execution is the updated subscription agreement reflecting the
above revisions.

Additional Information:

The Company has recently closed a financing to replace an outstanding debt
facility. Please refer to the attached news release dated October 20, 2005 for
further information.

Sincerely,


--------------------------------------
John T. Perry
Senior Vice President, CFO
Corporate Secretary and Treasurer

<PAGE>

Thursday, October 20, 2005
News Release
Nord Resources Updates Activities

DRAGOON, Ariz., October 20, 2005 - Nord Resources Corporation (Other OTC:NRDS.PK
- News) is pleased to announce that it has recently completed a mezzanine
financing in the amount of $2.85 million with a private firm. The proceeds from
the mezzanine financing will replace an existing, outstanding debt facility
which would have matured and become due on October 19, 2005.

ABOUT NORD RESOURCES CORPORATION:

Nord Resources is an Arizona-based natural resource company focused on the
resumption of copper production at its Johnson Camp Mine. Nord Resources also
holds options to acquire interests in three additional exploration stage
properties in Arizona and New Mexico. The Company also owns approximately 5.1
million shares of Allied Gold Limited, an Australian company. In addition, the
Company maintains an interest in the net profits of Sierra Rutile Limited, a
Sierra Leone, West Africa company.

FORWARD-LOOKING STATEMENTS:

Any statements made in this press release which are not historical facts contain
certain "forward-looking statements", as such term is defined in the Private
Litigation Reform Act of 1995, concerning potential developments affecting the
business, prospects, financial condition and other aspects of the company to
which this release pertains. The actual results of the specific items described
in this release, and the company's operations generally, may differ materially
from what is projected in such forward-looking statements. Although such
statements are based upon the best judgments of management of the company as of
the date of this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including, without
limitation, the company's dependence on third parties, general market and
economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update information
contained in any forward-looking statement.

These forward looking statements involve known and unknown risks, uncertainties
and other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future results,
levels of activity, performance, or achievement expressed or implied by such
forward looking statements. In some cases, you can identify forward looking
statements by terminology such as "may," "will," "should," "could," "intend,"
"expects," "plan," "anticipates," "believes," "estimates," "predicts,"
"potential," or "continue" or the negative of such terms or other comparable
terminology. Although we believe that the expectations reflected in the forward
looking statements are reasonable, we cannot guarantee future results, levels of
activity, performance, or achievements. Moreover, neither we nor any other
person assumes responsibility for the accuracy and completeness of such
statements.

For information contact: Ronald Hirsch, Chairman & CEO (949) 715-6745

SOURCE: Nord Resources Corporation
Website: www.nordresources.com