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Nord Precious Metals Consolidates Gowganda Silver Camp with Strategic Acquisition for Potential Near Term Silver Production
Transaction expands Nord's silver tailings historic resource by 2.9 million ounces Vancouver, Br...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Nord Precious Metals Consolidates Gowganda Silver Camp with Strategic Acquisition for Potential Near Term Silver ProductionTransaction expands Nord's silver tailings historic resource by 2.9 million ouncesVancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - Nord Precious Metals Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) (\"Nord\" or the \"Company\") announces that it has entered into a definitive asset purchase agreement dated January 5, 2026 (the \"Definitive Agreement\") with Battery Mineral Resources Corp. (\"BMR\") to acquire four mining leases in the Gowganda Silver Camp of Ontario (the \"Gowganda Property\") adjacent and contiguous to Nord's existing Mining Leases. The Proposed Transaction consolidates Nord's position in one of Canada's most prolific historical silver-cobalt districts at a moment when silver prices have reached record levels, Ontario has enacted it's One Project, One Process permitting framework, and the province has launched a $500 million Critical Minerals Processing Fund to expand domestic processing capacity.Frank J. Basa, P.Eng., President and CEO, stated:\"The Gowganda camp is an area of significant historical silver production and has documented tailings containing nearly three million ounces of silver*. Previous operators processed this material once with technology we've long since surpassed.\"Mr. Basa continued:\"The province has created the conditions for a different model. Ontario Minister of Energy and Mines, Stephen Lecce, talks about ending 'ripping and shipping'; we have the facility to do exactly that. Castle, Beaver, and now Gowganda: three feed sources for an integrated operation producing refined metal in Ontario. This acquisition ensures we have the feed to meet that moment.\"*For the reference to the silver in tailings, please see the Technical Report on the Gowganda Silver Project Including a Resource Estimate of the Surface Tailings Deposit Gowganda, Ontario, Canada with an effective date of July 8, 2011, prepared by Joe Campbell, P.Geo., Alan Sexton, P.Geo., M.Sc. and Allan Armitage, Ph.D., P.Geo. of GeoVector Management Inc. The report states, on page 30, that a review of the modeled blocks at various cut-off grades indicates a contiguous ore body at the 10.0 g/t silver cut-off grade. The resource estimate for the tailings piles at a silver cut-off grade of 10.0 ...