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Ontario's Half Billion Critical Mineral Processing Fund and First Nations $3.1 Billion Fund Accelerates Nord's Plan for a Sustainable North American EV Metals Supply Chain
(TheNewswire) May 29, 2025 – TheNewswire - Nord Precious Metals Mining I...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Ontario's Half Billion Critical Mineral Processing Fund and First Nations $3.1 Billion Fund Accelerates Nord's Plan for a Sustainable North American EV Metals Supply Chain\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n May 29, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n Nord\nPrecious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT:\n4T9B) (the \"Company\" or \"Nord\")\n \n\n welcomes the Ontario government’s creation of the $500\nmillion Critical Mineral Processing Fund and the $3.1 billion First\nNations Fund recently announced in the provincial budget. These funds\ndirectly support Nord’s development of an integrated domestic supply\nchain for critical metals.\n \n\n\n\n “The Critical Mineral Processing Fund and First\nNations Fund provide the catalyst we’ve been waiting for,” said\nFrank J. Basa, P.Eng., CEO of Nord. “Our exploration and development\nplans align perfectly with North America’s strategic imperative to\ncreate a sustainable battery materials supply chain for clean energy\nand electric vehicle manufacturing.”\n \n\n\n\n Critical minerals and processing facilities have become\ncentral to global policy and trade discussions. Partnership with First\nNations communities is essential to this development. The new\nprovincial Recovery Permit, launching in July 2025, will streamline\nresource companies’ ability to produce critical metals from legacy\ntailings ponds and waste rock piles.\n \n\n\n\n Nord currently operates a high-grade silver processing\nplant capable of milling ore to produce silver doré bars, with an\nannual capacity of 3 million ounces of silver. The company has\nacquired a 600-tonne-per-day mobile gravity plant for treating\ntailings to produce silver and critical mineral concentrates.\nAdditionally, Nord has developed its proprietary Re-2Ox\nhydrometallurgical process, which has successfully produced\nbattery-grade cobalt sulfate from local concentrates.\n \n\n\n\n “As governments on both sides of the border seek to\nde-risk supply chains, proven, low-capex solutions win,” Basa added.\n“Nord is ready to transform legacy waste rock piles and tailings\ninto working capital.”\n \n\n\n\n Qualified person\n \n\n\n\n The technical information in this news rele...