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Nord Precious Metals Mining Inc. (TSXV: NTH | OTCQB: CCWOF)

NEWS

Nord Precious Metals Closes Non-Brokered Critical Mineral Flow-Through Unit Private Placement

Cobalt, Ontario – April 28, 2026 – TheNewswire – Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) (the “Company” or “Nord”) announces and closes a non brokered flow-through (“FT”) unit private placement financing by issuing 5,000,000 units (“FT Units”) at a price of $0.20 per FT Unit raising gross proceeds of $1,000,000 subject to final TSX Venture Exchange (“Exchange”) acceptance.

Each FT Unit is comprised of one common share (the “Shares) and half of one share purchase warrant (the “Warrants”) of the Corporation, whereby each whole Warrant entitles the holder thereof to purchase an additional share for a period of two years from closing at a price of $0.30 per warrant share (the “Warrant Shares”).

The Corporation agreed to pay a Finder’s fee of $8% ($80,000) cash and 8% (400,000) non-transferable warrants (“Finder Warrants”) in connection with the FT Units raised by the Finder. Each Finder Warrant is exercisable at $0.20 per share for a period of two years from closing. The Finder’s fees are also subject to Exchange approval.

All securities issued in connection with the FT Units, FT Shares, Warrants, Finders Warrants and Finder Warrant Shares are subject to a four-month and a day hold period expiring on August 29, 2026, in accordance with applicable Canadian Securities laws.

The Company will use the gross proceeds from the issuance of FT unit private placement for exploration on its Castle East Project, which will incur “Canadian exploration expenses” and qualify as “flow-through critical mineral mining expenditures”, as such terms are defined in the Income Tax Act (Canada).

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the Company has established a unique position integrating high-grade silver discovery with strategic metals recovery operations. The Company’s flagship Castle property encompasses 63 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to the Nord Precious Metals Press Release May 27, 2020, for the resource estimate. The above resource is now considered an historical resource. Insufficient work has been done to categorize the above historical estimate as current. Significant additional diamond drilling and analytical work along with modelling is required before a new resource estimate can be compiled.

Nord’s integrated processing strategy enables multiple metal recovery streams. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield, eliminates the typical arsenic barriers in complex silver-cobalt ores while producing battery-grade cobalt sulphate and other metal products to customer specifications. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord within Ontario’s emerging critical minerals supply chain.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 51.24% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 32 square kilometers of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

“Frank J. Basa” Frank J. Basa, P. Eng.

Chief Executive Officer

For further information, contact:

Frank J. Basa, P.Eng. Chief Executive Officer 416-625-2342

or:

Wayne Cheveldayoff, Corporate Communications P: 416-710-2410

E: waynecheveldayoff@gmail.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.

Couloir Capital Is Pleased to Announce That It Has Initiated Research Coverage on Nord Precious Metals Mining

Vancouver, British Columbia–(Newsfile Corp. – April 23, 2026) – Couloir Capital is pleased to announce that it has initiated research coverage on Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) (or “Company”). Couloir Capital’s Senior Mining Analyst, Ron Wortel, MBA, P.Eng., crafted a report titled “This story is hot — plan for production in Canada’s first critical minerals mining camp will re-rate company’s valuation.”

Report excerpt: “Nord Precious Metals and Mining is positioning itself to become one of the next near-term critical-metals producers in Canada’s oldest hard-rock mining district. The Company is leveraging a unique combination of experience, existing infrastructure, and above-ground resources to advance a low-capex, low-risk production strategy at a time when the domestic supply of critical minerals is a national priority.”

Report excerpt: “We believe Nord’s early-start production model is well-timed. Higher silver prices, growing demand for critical metals, and the Company’s ability to source additional above-ground resources and exploration ground all support a compelling growth trajectory. Nord is actively engaging technical partners to advance both production and exploration, and ongoing drilling is expected to deliver results capable of re-energizing market interest in this historically prolific camp.”

The full report can be accessed through Couloir Capital’s portal: https://www.couloircapital.com/research-portal.

About Couloir Capital Ltd.

Couloir Capital Ltd. is an investment research firm with a team of experienced investment professionals that provides institutional-quality research coverage of small-cap equities. Our research reports are distributed via Bloomberg, FactSet, Capital IQ, LSEG, AlphaSense and other platforms, as well as via social media and extensive email distribution lists. To subscribe, visit: https://www.couloircapital.com/research-portal

For further information, please contact:

Rob Stitt, Managing Director, Couloir Capital Ltd.

Email: rstitt@couloircapital.com

www.couloircapital.com

DISCLAIMER:

Analyst Disclosure: The Company has retained Couloir Capital under a service agreement that includes analyst research coverage.
The principal of Couloir Capital maintains a financial interest in the securities or options of the Company through an affiliated fund entity.

Investors are encouraged to read the complete list of disclosures contained in the report.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293902

Silver Deficit Hits Sixth Straight Year as One Cobalt Camp Consolidator Prepares to Drill the Boundaries Past Producers Could Never Cross

Issued on behalf of Nord Precious Metals Mining Inc.

After a historic 12 months in silver — a new all-time high above US$121, a fresh wave of structural supply deficits, and a 150%+ year-over-year run — producers are scrambling for high-grade ground. One Canadian junior just consolidated nearly 4 kilometres of boundary through a district where past miners pulled more than 50 million ounces on either side of the claim lines.

USA News Group News Commentary

NEW YORK, April 20, 2026 /CNW/ — Silver has been the story of 2026. After breaking above US$100 per ounce for the first time in history in late 2025 and setting a nominal all-time high of US$121.67 per ounce on January 29, 2026, the metal has been consolidating its gains in a band around US$75 to US$85 through the first four months of the year.[1] Spot silver traded near US$80 per ounce this week, up roughly 150% from twelve months ago.[2][3]

Underlying that move is a structural story that is becoming hard to ignore. The Silver Institute and Metals Focus have warned that 2026 will mark the sixth consecutive year of global silver supply deficits, with cumulative draws of 762 million troy ounces from aboveground stocks since 2021 — roughly equivalent to one full year of global mine output.[2] Industrial demand — led by solar, EV electronics, and AI-driven data centre infrastructure — has refused to cool even at these prices.

That backdrop has changed what is economic. Past-producing ground that was uneconomic at silver below US$20 per ounce a decade ago looks very different at US$80. And in Ontario’s historic Cobalt-Gowganda silver camp, one junior just closed a consolidation that no single operator has ever held.

A District Play with No Modern Precedent

Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) has closed the March 31, 2026 acquisition of four mining leases in the Gowganda Silver Camp from Battery Mineral Resources Corp., consolidating nearly 4 kilometres of historic property boundary into a single land package.[4] Approximately half of that boundary runs through areas of documented past production — ground where historical operators on both sides of the line pulled high-grade silver but could never extend mining across the claim.

With this consolidation, three of the five largest past-producing mines in the Gowganda Camp — Miller Lake-O’Brien (Siscoe), Castle, and Millerett — now sit within Nord’s flagship Castle property.[4] The Miller Lake-O’Brien Mine alone produced approximately 42 million ounces of silver between 1910 and 1972, making it the largest past-producing Cobalt-style silver mine outside of the Cobalt Mining Camp itself.[4] Nord’s own Castle Mine, immediately adjacent, produced 9.9 million ounces of silver. Combined Gowganda Camp production from 1910 to 1989 totalled 60.1 million ounces of silver and 1.4 million pounds of cobalt.[4]

“The Company is excited to be able to drill through these historically defined artificial boundaries. With one company having title to all the area leases, we expect to identify new mineralization,” stated Frank J. Basa, P.Eng., President and CEO of Nord.[4] “Just one of the past-producing mines acquired produced approximately 40 million ounces of silver. Existing permits allow drilling along the boundaries, and new permits will be submitted to allow additional drilling across this highly prospective ground. We are not simply exploring. We have a mill, we have a gravity plant, we have an engineering partner, and we have a regulatory pathway. Every metre we drill now feeds directly into a production plan.”[4]

A Modern Model Applied to Historic Ground

Nord’s 2025 3D geological model at Castle East, completed by Ronacher McKenzie Geoscience using 75,000 metres of historical drill data, identified 29 discrete vein structures in a complex stockwork system hosted by the Nipissing diabase.[4] The same geological host underlies the acquired Gowganda properties — which means the modern structural interpretation methodology that found new targets at Castle East can now be applied across the consolidated land package, explicitly targeting the boundary zones where historical operators were forced to stop.

Existing permits already allow drilling along the boundaries. New permits are being prepared for drilling across the broader consolidated ground.[4]

A Tailings Resource That’s Already Been Delineated

Beyond underground targets, the acquired leases host a historical NI 43-101 indicated tailings resource of approximately 1,940,000 tonnes grading 47.5 g/t Ag for approximately 2,960,000 contained ounces of silver (GeoVector Management, 2011, based on 764 drill holes totalling 3,012 metres).¹[4] Core-area programs have returned higher grades — Temex’s 2012 re-sampling reported a historical average of 60.9 g/t silver for the North Pile and South Pond, and the Sandy K Mines 2020 core-area program returned an average grade of 62.6 g/t (2.0 oz/ton) from dry tailings.[4]

BMR’s own 2018 sonic drilling program (103 holes, 773 metres) confirmed multi-element endowment with weighted averages of 52.15 ppm Ag, 165.67 ppm Co, and 714.56 ppm As from 529 samples analysed at ALS.[4] Critically, the silver occurs as coarse, liberated native grains amenable to gravity concentration, with historical testwork at Lakefield Research achieving silver recoveries of 77% to 86%.[4]

Why This Looks Different from Most Juniors

The difference between Nord and a typical early-stage silver explorer sits in the infrastructure that is already in place. TTL Laboratories in Cobalt, Ontario — the only permitted high-grade milling facility in the Cobalt Camp — has already produced refined silver doré, including a 1,000-ounce silver bar from Cobalt Camp material.[4] A 600 tonne-per-day modular gravity plant has been acquired and awaits commissioning upon receipt of the Recovery Permit, for which the Ontario Ministry of Mines has provided an advanced template and an 80-day fast-track processing pathway.[4]

On the balance sheet side, Nord closed a non-brokered private placement financing on April 15, 2026, issuing 11,666,667 units at $0.15 per Unit for gross proceeds of $1,750,000, with proceeds earmarked for exploration at Castle East and general working capital.[5]

How the Silver Majors Are Positioning

While Nord consolidates ground in Ontario, the broader silver space has been reshaping itself at scale.

First Majestic Silver Corp. (NYSE: AG) reported first quarter 2026 production of 3.5 million ounces of silver and 34,341 ounces of gold from its four Mexican mines — Santa Elena, Los Gatos (70% interest), San Dimas, and La Encantada — representing 26% of its 2026 silver guidance midpoint.[6]

At the end of March, First Majestic announced updated Mineral Reserve and Resource Estimates with effective date December 31, 2025, including a maiden Inferred Mineral Resource at the Santo Niño silver-gold discovery at Santa Elena. Together, the Navidad vein system and Santo Niño now host 10.5 million tonnes of Inferred Mineral Resources containing 90.7 million AgEq ounces at an average grade of 268 g/t AgEq.[6] First Majestic has also commenced a restart plan for the Jerritt Canyon gold operation targeting production in the second half of 2027.[6]

Hecla Mining Company (NYSE: HL) — the largest silver producer in the United States and Canada — reported 2025 full-year silver production of 17 million ounces from operations including Greens Creek, Lucky Friday, and Keno Hill, with year-end reserves of 231 million ounces of silver.[7]

Greens Creek produced 8.7 million ounces of silver in 2025 while growing its reserve base by 2.4 million ounces, and Lucky Friday delivered a record 5.3 million ounces. Hecla has issued 2026 consolidated silver production guidance of 15.1 to 16.5 million ounces and plans to nearly double its 2026 exploration investment to $55 million, focused on Nevada, Greens Creek, Keno Hill, and Lucky Friday.[7] Hecla also agreed to sell its Casa Berardi subsidiary to Orezone Gold for up to $593 million in total consideration, with proceeds earmarked for debt reduction and refocusing the Company on its core silver portfolio.[7]

Coeur Mining, Inc. (NYSE: CDE) raised its 2026 production outlook after closing its acquisition of New Gold Inc., now expecting to produce 680,000 to 815,000 ounces of gold, 18.68 million to 21.93 million ounces of silver, and 50 million to 65 million pounds of copper in 2026.[8]

The New Gold deal adds the New Afton and Rainy River mines in Canada and expands Coeur’s operating portfolio to seven mines across the U.S., Canada, and Mexico. Coeur reported 2025 revenue of $2.1 billion with net income of $586 million and adjusted EBITDA of approximately $1 billion, and approved a $750 million share buyback program alongside a new $1 billion revolving credit facility.[8]

Endeavour Silver Corp. (NYSE: EXK) provided 2026 consolidated guidance for Terronera, Guanaceví and Kolpa of 8.3–8.9 million ounces of silver and 46,000–48,000 ounces of gold, for 14.6–15.6 million silver equivalent ounces.[9]

Total 2026 capital is budgeted at $157.8 million, including $65.8 million to advance the Pitarrilla project — one of the world’s largest undeveloped silver deposits — toward a feasibility study. Terronera has commenced its first full year of commercial production, and the Kolpa mine in Peru has been fully integrated into Endeavour’s operating portfolio following its April 2025 acquisition.[9]

Why the Boundary Drilling Matters

What separates Nord’s setup from the majors isn’t scale — it’s the specific mechanical fact that for more than a century no one could drill across certain claim lines. Today one company can. The geological logic is straightforward: where a historic operator’s vein ran into the property boundary and stopped, the vein itself did not stop. Only the drilling did.

With silver trading near US$80 per ounce against a sixth consecutive year of structural supply deficits, with existing permits covering the boundary drilling and new permits in preparation, with a permitted mill and a 600 tpd gravity plant in hand, and with an engineering partner already retained to advance near-term tailings recovery, Nord’s consolidated district represents one of the more unusual setups in the junior silver space.[4]

For continuing coverage of Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) and related developments in the silver mining sector, please visit: USANewsGroup.com

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USANewsgroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). This article is being distributed for Baystreet.ca media Corp, who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for Nord Precious Metals Mining. advertising or digital media, but the owner/operators of MIQ also co-owns Baystreet.ca Media Corp. (“BAY”) There may also be 3rd parties who may have shares of Salazar Resources Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Nord Precious Metals Mining but reserves the right to buy and sell, and will buy and sell shares of Nord Precious Metals Mining at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Nord Precious Metals Mining. In summary, this is a paid advertisement, we currently do not own any shares of Nord Precious Metals Mining but will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Article Sources

[1] APMEX Silver Price page, accessed April 16, 2026. https://www.apmex.com/silver-price

[2] Trading Economics, Silver commodity page, accessed April 16, 2026. https://tradingeconomics.com/commodity/silver

[3] Bullion.com, Silver Spot Price page, accessed April 16, 2026. https://www.bullion.com/spotprices/silver-price

[4] Nord Precious Metals Mining Inc. press release, “Nord Precious Metals Targets Past-Producer High-Grade Silver Boundary Areas with Next Phase of Drilling,” April 20, 2026.

[5] Nord Precious Metals Mining Inc. press release, “Nord Precious Metals Closes Unit Financings,” April 15, 2026.

[6] First Majestic Silver Corp. press release, “First Majestic Reports Q1 2026 Production Results,” April 9, 2026. https://firstmajestic.com/_resources/news/nr-20260409.pdf

[7] Hecla Mining Company press release, “Hecla Announces Full Year Production and 2026 Guidance,” January 26, 2026.

[8] Mining.com, “Coeur lifts 2026 production after New Gold deal closes,” March 2026. https://www.mining.com/coeur-lifts-2026-production-after-new-gold-deal-closes/

[9] Endeavour Silver Corp. press release, “UPDATE – Endeavour Silver Provides 2026 Guidance,” January 16, 2026.

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Silver Above US$80 and a Sixth Straight Year of Deficits -- This Ontario Consolidator Is Targeting Ground Where 50+ Million Ounces Were Produced on Either Side of a Claim Line

Issued on behalf of Nord Precious Metals Mining Inc.

Silver set a fresh all-time high of US$121.67 per ounce in January 2026, spent Q1 consolidating, and is now marching back toward US$80 against a structural supply deficit running into its sixth consecutive year. The price backdrop has fundamentally changed what counts as economic silver ground — and one junior just consolidated nearly 4 kilometres of historic boundary through a district where past producers pulled more than 50 million ounces.

VANCOUVER, BC, April 20, 2026 /CNW/ — Equity Insider News Commentary — Silver has torn up its recent price history. Spot silver traded near US$80 per ounce this week, up roughly 150% from twelve months ago, after setting a nominal all-time high of US$121.67 per ounce on January 29, 2026 — the first time in history the metal has traded above US$100.^[1][2][3]

The Setup: Six Straight Years of Deficits

Behind the price action is a supply-demand picture that has quietly become one of the most structurally tight in the precious metals complex. The Silver Institute and Metals Focus have warned of a sixth consecutive year of structural deficit in 2026, with 762 million troy ounces drawn from aboveground stocks since 2021 — roughly equivalent to a full year of global mine output.^[2]

Industrial demand has refused to cool, even at current prices. Solar photovoltaics, EV electronics, and AI-driven data centre infrastructure have collectively underpinned industrial consumption that is forecast to remain at elevated levels through 2026.^[2] At the same time, global mine output — while projected to hit a decade high — has not been enough to close the gap.^[4]

For producers and developers, the implication is straightforward. Ground that was uneconomic a decade ago at sub-US$20 silver now looks very different at US$80 — particularly ground with documented past production and existing infrastructure.

A Consolidation That’s Never Been Possible Before

Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) has closed the March 31, 2026 acquisition of four mining leases in Ontario’s Gowganda Silver Camp from Battery Mineral Resources Corp., consolidating nearly 4 kilometres of historic property boundary into a single land package — with approximately half of that boundary running through areas of documented past production.^[5]

The significance is mechanical rather than abstract. For more than a century, operators on one side of a claim line could follow a mineralized vein right up to the boundary and then stop. Operators on the other side did the same thing in reverse. Drilling across those boundaries wasn’t feasible under separate ownership. Today, one company holds title on both sides.

“The Company is excited to be able to drill through these historically defined artificial boundaries. With one company having title to all the area leases, we expect to identify new mineralization,” stated Frank J. Basa, P.Eng., President and CEO of Nord.^[5] “Just one of the past-producing mines acquired produced approximately 40 million ounces of silver. Existing permits allow drilling along the boundaries, and new permits will be submitted to allow additional drilling across this highly prospective ground. We are not simply exploring. We have a mill, we have a gravity plant, we have an engineering partner, and we have a regulatory pathway. Every metre we drill now feeds directly into a production plan.”^[5]

The Price Math on Nord’s Ground

The leases Nord acquired carry a meaningful footprint of past production and a delineated historical tailings resource. Three of the five largest past-producing mines in the Gowganda Camp — Miller Lake-O’Brien (Siscoe), Castle, and Millerett — now sit within Nord’s flagship Castle property.^[5] The Miller Lake-O’Brien Mine alone produced approximately 42 million ounces of silver between 1910 and 1972. Nord’s own Castle Mine, immediately adjacent, produced 9.9 million ounces. Combined Gowganda Camp production from 1910 to 1989 totalled 60.1 million ounces of silver and 1.4 million pounds of cobalt.^[5]

On the acquired leases, a historical NI 43-101 indicated tailings resource totals approximately 1,940,000 tonnes grading 47.5 g/t Ag for approximately 2,960,000 contained ounces of silver at a 10 g/t cut-off (GeoVector Management, 2011).^[1][5] Historical testwork at Lakefield Research achieved silver recoveries of 77% to 86% on this material, which occurs as coarse, liberated native grains amenable to gravity concentration.[5] At current silver prices, the gross in-situ value of the historical tailings estimate runs into the hundreds of millions of dollars before recovery adjustments — a very different number than at the prices that prevailed when these piles were last considered.

Importantly, the historical tailings estimate has not been verified by a Qualified Person as a current mineral resource under NI 43-101, and significant data compilation, re-drilling, re-sampling and data verification may be required before it could be reclassified.^[1][5]

A Permitted Mill, a 600 tpd Gravity Plant, and a Fast-Track Pathway

Nord’s ability to convert drilling into metal sits on infrastructure that most juniors do not have. TTL Laboratories in Cobalt, Ontario — the only permitted high-grade milling facility in the Cobalt Camp — has already produced refined silver doré, including a 1,000-ounce silver bar from Cobalt Camp material.^[5] A 600 tonne-per-day modular gravity plant has been acquired and awaits commissioning upon receipt of the Recovery Permit, for which the Ontario Ministry of Mines has provided an advanced template and 80-day fast-track processing pathway.^[5]

T Engineering Inc., retained April 8, 2026, is advancing the engineering and pilot-scale testwork required to bring the tailings recovery program into operation under Ontario’s Recovery Permit framework.^[5] Nord’s 2025 3D geological model at Castle East — completed by Ronacher McKenzie Geoscience using 75,000 metres of historical drill data — identified 29 discrete vein structures in a stockwork system hosted by the Nipissing diabase, the same geological host that underlies the acquired Gowganda properties.^[5]

On the balance sheet side, Nord closed a non-brokered private placement on April 15, 2026, issuing 11,666,667 units at $0.15 per unit for gross proceeds of $1,750,000, earmarked for Castle East exploration and general working capital.^[6]

How the Silver Space Is Responding to the Price Environment

The current silver price environment has triggered one of the most active strategic rotations the sector has seen in years. M&A, streaming deals, balance sheet resets, and production guidance increases have dominated the newsflow.

Pan American Silver Corp. (NASDAQ: PAAS) produced 22.8 million ounces of silver in 2025, including a record 7.3 million ounces in Q4 2025, and has issued 2026 attributable silver production guidance of 25.0 to 27.0 million ounces — a 14% increase at the midpoint.^[7]

Pan American completed its acquisition of MAG Silver Corp. on September 4, 2025, adding a 44% joint venture interest in the large-scale, high-grade Juanicipio mine in Zacatecas, Mexico, operated by Fresnillo plc.^[7] The Company also reported the discovery of at least four new high-grade veins at La Colorada from drilling between November 2025 and January 2026, with silver assays exceeding 1,000 g/t in approximately 40% of reported holes.^[7]

SSR Mining Inc. (NASDAQ: SSRM) announced a binding agreement on March 4, 2026 to sell its 80% ownership in the Çöpler mine and associated Turkish properties for $1.5 billion in cash, expected to close in Q3 2026.^[8]

Post-sale, SSR Mining will be a North American-focused precious metals producer with a projected net cash balance of approximately $1.6 billion. The Company has issued 2026 guidance of 450,000 to 535,000 gold equivalent ounces — an approximate 10% increase year-over-year — from Marigold in Nevada, CC&V in Colorado, Seabee in Saskatchewan, and Puna in Argentina, with Puna silver production expected at 7 to 8 million ounces in 2026.^[8] SSR initiated a Normal Course Issuer Bid on March 27, 2026 to repurchase up to approximately 10% of its public float.^[8]

Silvercorp Metals Inc. (NYSE American: SVM) reported record quarterly revenue of approximately $126.1 million in Q3 Fiscal 2026, a 51% year-over-year increase, alongside silver production of 1.9 million ounces and record operating cash flow of $132.9 million.^[9]

Silvercorp ended Q3 Fiscal 2026 with $462.8 million in cash and short-term investments and $233.2 million in equity investments. The Company also released a PEA for the Condor gold project in Ecuador showing an after-tax NPV (5%) of $522 million and 29% IRR at base case metal prices, rising to $1.56 billion NPV and 61% IRR at near-spot prices.^[9]

Wheaton Precious Metals Corp. (NYSE: WPM) completed the previously announced silver stream transaction with BHP Group on the Antamina Mine in Peru effective April 1, 2026, with a US$4.3 billion upfront payment.^[10]

Under the agreement, Wheaton’s wholly-owned subsidiary will purchase the equivalent of BHP’s 33.75% of payable silver from Antamina until 100 million ounces have been delivered, then 22.5% for the life of mine, with ongoing payments equal to 20% of the spot silver price.^[10] The transaction significantly expands Wheaton’s long-term silver exposure in one of the world’s largest copper-silver byproduct mines.

Where the Price Meets the Project

The common thread running through the silver majors’ 2026 moves — Pan American buying Juanicipio exposure, SSR exiting Turkey to redeploy into North America, Silvercorp posting record revenue off higher realized prices, Wheaton writing a $4.3 billion cheque for Antamina silver — is that the price environment has pulled forward decisions that would not have made sense at US$20 or even US$30 silver.

For Nord, the same price environment has pulled forward the economic logic of consolidating a district and drilling across boundaries that were frozen in place for a century. The geological question is no longer hypothetical — the veins on either side of these claim lines were demonstrably mineralized, with more than 50 million ounces of past production on the record.^[5] The only thing that wasn’t possible was drilling across them.

That changes on the next drill program.

For continuing coverage of Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) and the silver sector, please visit: Equity-Insider.com

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Article Sources

^[1] APMEX Silver Price page, accessed April 16, 2026. https://www.apmex.com/silver-price

^[2] Trading Economics, Silver commodity page, accessed April 16, 2026. https://tradingeconomics.com/commodity/silver

^[3] Bullion.com, Silver Spot Price page, accessed April 16, 2026. https://www.bullion.com/spotprices/silver-price

^[4] Stocktitan, “Mine output hits a decade high and the silver deficit still won’t close,” March 2026. https://www.stocktitan.net/news/HL/mine-output-hits-a-decade-high-and-the-silver-deficit-still-won-t-3uk8ozli1vji.html

^[5] Nord Precious Metals Mining Inc. press release, “Nord Precious Metals Targets Past-Producer High-Grade Silver Boundary Areas with Next Phase of Drilling,” April 20, 2026.

^[6] Nord Precious Metals Mining Inc. press release, “Nord Precious Metals Closes Unit Financings,” April 15, 2026.

^[7] Pan American Silver Corp. press release, “Pan American Silver Achieves 2025 Production Guidance and Provides Guidance for 2026,” January 2026; and “Pan American Silver Completes Acquisition of MAG Silver,” September 4, 2025. https://panamericansilver.com/news/pan-american-silver-completes-acquisition-of-mag-silver/

^[8] SSR Mining Inc. press releases, “SSR Mining Announces Binding Agreement to Sell Its Ownership in the Çöpler Mine for $1.5 Billion in Cash,” March 4, 2026; and “SSR Mining Reports Full-Year 2025 Results and 2026 Operating Guidance,” February 17, 2026. https://www.ssrmining.com/

^[9] Silvercorp Metals Inc. press release, “Silvercorp Reports Adjusted Net Income of $22.6 Million, $0.10 Per Share, and Cash Flow from Operating Activities of $39.2 Million for Q2 Fiscal 2026,” November 6, 2025; and Q3 Fiscal 2026 operational results, January 15, 2026. https://silvercorpmetals.com/

^[10] Wheaton Precious Metals Corp. press release, “Wheaton Precious Metals Announces Closing of Silver Stream with BHP on Antamina,” April 1, 2026. https://www.sec.gov/Archives/edgar/data/1323404/000127956926000263/ex991.htm

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Nord Precious Metals Targets Past-Producer High-Grade Silver Boundary Areas with Next Phase of Drilling

District consolidation creates drill-ready targets along historic property boundaries where over 50 million ounces of past silver production occurred on either side of claim lines no single operator could previously cross; Company advancing on multiple fronts with exploration, tailings recovery, and production infrastructure progressing concurrently at silver prices above US$75 per ounce

Cobalt, Ontario–(Newsfile Corp. – April 20, 2026) – Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) (“Nord” or the “Company”) is entering a period of accelerating activity across its consolidated Gowganda-Castle district, with the next phase of drilling to target known structures near historic property boundaries where decades of production confirm the presence of high-grade silver-cobalt mineralization. With the Company’s March 31, 2026 closing of the strategic acquisition of four mining leases, Nord now controls nearly 4 kilometres of historic property boundary, with approximately half of that through areas of documented past production. Historically, mining could not extend to property boundaries. Nord now holds title to both sides and the company expects the upcoming drill program to target areas where structures and known veins extend towards these previously inaccessible zones. The consolidation comes as silver trades above US$75 per ounce, more than double its price 12 months ago and ten times when the properties were last in production, reinforcing the economics of the Company’s integrated approach to district-scale exploration and near-term production.

Management Commentary

“The Company is excited to be able to drill through these historically defined artificial boundaries. With one company having title to all the area leases, we expect to identify new mineralization,” stated Frank J. Basa, P.Eng., President and CEO. “Just one of the past-producing mines acquired produced approximately 40 million ounces of silver. Existing permits allow drilling along the boundaries, and new permits will be submitted to allow additional drilling across this highly prospective ground. We are not simply exploring. We have a mill, we have a gravity plant, we have an engineering partner, and we have a regulatory pathway. Every metre we drill now feeds directly into a production plan.”

Boundary Area Geology and Past Production. With the acquired leases, Nord now hosts three of the five largest past-producing mines in the Gowganda Camp: the Miller Lake-O’Brien (Siscoe), the Castle and the Millerett, operations. The Miller Lake-O’Brien Mine alone produced approximately 42 million ounces of silver between 1910 and 1972, making it the largest past-producing Cobalt-style silver mine outside of the Cobalt Mining Camp itself. These mines are immediately adjacent to Nord’s existing Castle Mine, which produced 9.9 million ounces of silver. Together, combined Gowganda Camp production from 1910 to 1989 totalled 60.1 million ounces of silver and 1.4 million pounds of cobalt, representing 11% of the total silver and 6% of the total cobalt for the broader Cobalt-Gowganda Camp regional endowment.

Tailings Resource on Acquired Ground. In addition to underground exploration targets, the acquired leases host a historical NI 43-101 indicated tailings resource⁽¹⁾ of approximately 1,940,000 tonnes grading 47.5 g/t Ag for approximately 2,960,000 contained ounces of silver at a 10 g/t cut-off (GeoVector Management, 2011, based on 764 drill holes totalling 3,012 metres). Focused drilling in core areas of the tailings has returned higher-grade results, with Temex’s 2012 re-sampling program estimated a historical average grade of 60.9 g/t silver for the North Pile and South Pond, and the Sandy K Mines core-area program in 2000 returning an average grade of 62.6 g/t (2.0 oz/ton) from dry tailings. BMR’s own 2018 sonic drilling program (103 holes, 773 metres) confirmed multi-element endowment across the tailings, with weighted averages of 52.15 ppm Ag, 165.67 ppm Co, and 714.56 ppm As from 529 samples analysed by 4-acid digestion at ALS. Silver in the tailings occurs as coarse, liberated native grains amenable to gravity concentration, with historical test work at Lakefield Research achieving silver recoveries of 77% to 86%.

Exploration Approach

The Company’s 2025 3D geological model at Castle East, completed by Ronacher McKenzie Geoscience using 75,000 metres of historical drill data, identified 29 discrete vein structures in a complex stockwork system hosted by the Nipissing diabase. The same geological host underlies the acquired Gowganda properties. This modern structural interpretation methodology can now be applied across the full consolidated land package, targeting boundary zones where historical operators were unable to follow mineralized structures across claim lines.

Existing permits allow drilling along the boundaries. New permits will be submitted to allow additional drilling across the broader consolidated ground. The Company’s consolidated district position supports concurrent advancement of underground exploration alongside the near-term tailings recovery program being advanced by T Engineering Inc. (announced April 8, 2026) under Ontario’s Recovery Permit framework.

Production Infrastructure in Place

Nord’s exploration program is supported by existing production infrastructure that positions the Company to convert drill results into metal. TTL Laboratories in Cobalt, Ontario, the only permitted high-grade milling facility in the Cobalt Camp, has already produced refined silver dore, including a 1,000-ounce silver bar from Cobalt Camp material. The Company’s acquired 600 tonne-per-day modular gravity plant awaits commissioning upon receipt of the Recovery Permit, for which the Ontario Ministry of Mines has provided an advanced template and 80-day fast-track processing pathway. T Engineering Inc., retained April 8, 2026, is advancing the engineering and pilot-scale test work required to bring the tailings recovery program into operation. This combination of active exploration drilling, permitted processing infrastructure, and a defined regulatory pathway to tailings recovery positions Nord to generate both exploration results and operational progress over the coming months.

(1) The historical resource estimate for the Gowganda tailings is supported by a technical report dated July 8, 2011, prepared in accordance with NI 43-101, completed by GeoVector Management Inc. for Temex Resources Corp. The report is authored by Joe Campbell, P.Geo., Alan Sexton, P.Geo., M.Sc., and Allan Armitage, Ph.D., P.Geo. The historical estimate contained in this news release has not been verified as a current mineral resource. A “qualified person” (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. The Company considers the historical estimate to be relevant for the proper understanding of the Project; however, significant data compilation, re-drilling, re-sampling, and data verification may be required by a Qualified Person for the historical estimate to be in accordance with NI 43-101 standards and to verify the historical estimate as a current mineral resource.

Qualified Person

The technical information in this news release was approved and prepared under the supervision of Mr. Frank J. Basa, P.Eng. (PEO), director of Nord Precious Metals, a qualified person in accordance with National Instrument 43-101.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. operates TTL Laboratories, the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the Company has established an integrated position connecting high-grade silver discovery with strategic metals recovery operations.

The Company’s 58 sq. km flagship Castle property, with the addition of 225 hectares of leases, now hosts 3 of the 5 most productive past-producing silver mines in the Gowganda Camp: Siscoe-O’Brien, Castle and Millerett, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in a now historic, Inferred resource grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 metres. The report, titled NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario Canada with effective date of May 28, 2020 authored by M.Rachidi, P.Geo., Ph.D. of GoldMinds Geoservices. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the Nord Precious Metals Press Release of May 27, 2020, for the resource estimate. The following notes were provided as part of the Resource Estimate report: 1 – The database used for this mineral estimate includes drill results obtained from historical (2011 one hole) to the recent 2019 drill program and wedges from the 2011 diamond drill hole; 2 – Mineral Resource is reported with mineable shape cut-off grade equivalent to 125$USD (258 g/t AgEq) including mining, shipping and smelting cost with recovery of 95%. The high-grade value of the mineral resources makes them direct shipping. Not all zones (mineable shapes) are above economic cut-off grade and zone 02b is a must-take material. The assay results are not capped as they are not considered as outliers at this stage and results are reproducible; 3 – The minimum horizontal width of the mineralized envelopes includes dilution and is 1.3m; and 4 – To convert volume to tonnage a specific gravity of 3.4 tonnes per cubic metre was used. Results are presented in-situ without mining dilution.

The above resource is now considered an historical resource. This historical resource remains relevant in that there is ongoing drilling to expand the known mineralization associated with that resource. The 2020 mineral resource was estimated in conformity with CIM Estimation of Mineral Resource and Mineral Reserves Best Practices Guidelines and is reported in accordance with Canadian Securities Administrators’ NI-43-101. Insufficient work has been done since to categorize the above historical estimate as current. Significant additional diamond drilling and analytical work along with modelling is required before a new resource estimate can be compiled.

Nord’s integrated processing strategy enables multiple metal recovery streams. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other strategic metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield, eliminates the typical arsenic barriers in complex silver-cobalt ores while producing technical-grade cobalt sulphate and other metal products to customer specifications. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord within Ontario’s emerging critical minerals supply chain.

The Company maintains a strategic portfolio of critical minerals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS), as well as the St. Denis-Sangster lithium project comprising 32 square kilometres of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

For further information please contact:

Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342

Wayne Cheveldayoff
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this document include statements regarding: the potential for mineralization to extend across historic property boundaries; the planned drilling program, its targets, and objectives; the potential for silver and critical minerals recovery from tailings; the Company’s processing capabilities and integrated strategy; the anticipated scope, phasing, and results of T Engineering’s engagement; the commissioning of the Company’s modular gravity plant; and the anticipated benefits of Ontario’s regulatory and funding frameworks.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with: general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources; inability to access sufficient capital on favourable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals; commodity price fluctuations; and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293088

Past-Producer High-Grade Silver Boundary Areas Targeted for Next Phase of Drilling

April 19, 2026 – The Company is entering a period of accelerating activity across its consolidated Gowganda-Castle district, with the next phase of drilling to target known structures near historic property boundaries where decades of production confirm the presence of high-grade silver-cobalt mineralization. With the Company’s March 31, 2026 closing of the strategic acquisition of four mining leases, Nord now controls nearly 4 kilometres of historic property boundary, with approximately half of that through areas of documented past production. Historically, mining could not extend to property boundaries. Nord now holds title to both sides and the company expects the upcoming drill program to target areas where structures and known veins extend towards these previously inaccessible zones. The consolidation comes as silver trades above US$75 per ounce, more than double its price 12 months ago and ten times when the properties were last in production, reinforcing the economics of the Company’s integrated approach to district-scale exploration and near-term production.

Management Commentary

“The Company is excited to be able to drill through these historically defined artificial boundaries. With one company having title to all the area leases, we expect to identify new mineralization,” stated Frank J. Basa, P.Eng., President and CEO. “Just one of the past-producing mines acquired produced approximately 40 million ounces of silver. Existing permits allow drilling along the boundaries, and new permits will be submitted to allow additional drilling across this highly prospective ground. We are not simply exploring. We have a mill, we have a gravity plant, we have an engineering partner, and we have a regulatory pathway. Every metre we drill now feeds directly into a production plan.”

Boundary Area Geology and Past Production. With the acquired leases, Nord now hosts threeof the five largest past-producing mines in the Gowganda Camp: the Miller Lake-O’Brien (Siscoe), the Castle and the Millerett, operations. The Miller Lake-O’Brien Mine alone produced approximately 42 million ounces of silver between 1910 and 1972, making it the largest past-producing Cobalt-style silver mine outside of the Cobalt Mining Camp itself. These mines are immediately adjacent to Nord’s existing Castle Mine, which produced 9.9 million ounces of silver. Together, combined Gowganda Camp production from 1910 to 1989 totalled 60.1 million ounces of silver and 1.4 million pounds of cobalt, representing 11% of the total silver and 6% of the total cobalt for the broader Cobalt-Gowganda Camp regional endowment.

Tailings Resource on Acquired Ground. In addition to underground exploration targets, the acquired leases host a historical NI 43-101 indicated tailings resource⁽¹⁾ of approximately 1,940,000 tonnes grading 47.5 g/t Ag for approximately 2,960,000 contained ounces of silverat a 10 g/t cut-off (GeoVector Management, 2011, based on 764 drill holes totalling 3,012 metres). Focused drilling in core areas of the tailings has returned higher-grade results, with Temex’s 2012 re-sampling program estimated a historical average grade of 60.9 g/t silver for the North Pile and South Pond, and the Sandy K Mines core-area program in 2000 returning an average grade of 62.6 g/t (2.0 oz/ton) from dry tailings. BMR’s own 2018 sonic drilling program (103 holes, 773 metres) confirmed multi-element endowment across the tailings, with weighted averages of 52.15 ppm Ag, 165.67 ppm Co, and 714.56 ppm As from 529 samples analysed by 4-acid digestion at ALS. Silver in the tailings occurs as coarse, liberated native grains amenable to gravity concentration, with historical test work at Lakefield Research achieving silver recoveries of 77% to 86%.

Exploration Approach

Production Infrastructure in Place

(1) The historical resource estimate for the Gowganda tailings is supported by a technical report dated July 8, 2011, prepared in accordance with NI 43-101, completed by GeoVectorManagement Inc. for Temex Resources Corp. The report is authored by Joe Campbell, P.Geo., Alan Sexton, P.Geo., M.Sc., and Allan Armitage, Ph.D., P.Geo. The historical estimate contained in this news release has not been verified as a current mineral resource. A “qualified person” (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. The Company considers the historical estimate to be relevant for the proper understanding of the Project; however, significant data compilation, re-drilling, re-sampling, and data verification may be required by a Qualified Person for the historical estimate to be in accordance with NI 43-101 standards and to verify the historical estimate as a current mineral resource.

Qualified Person

About Nord Precious Metals Mining Inc.

Nord’s integrated processing strategy enables multiple metal recovery streams. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other strategic metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield, eliminates the typical arsenic barriers in complex silver-cobalt ores while producing technical-grade cobalt sulphate and other metal products to customer specifications. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord within Ontario’s emerging critical minerals supply chain.

More information is available at www.nordpreciousmetals.com.

For further information please contact:

Frank J. Basa, P.Eng.

Chief Executive Officer

416-625-2342

Wayne Cheveldayoff

Corporate Communications

P: 416-710-2410

E: waynecheveldayoff@gmail.com

Forward-Looking Statements

Nord Precious Metals Closes Unit Financings

The Company announces that further to the Company’s news release dated April 9, 2026, the Company has closed its non-brokered private placement financing (the “Financing”) by issuing of 11,666,667 units of the Company (the “Units) at a price of $0.15 per Unit raising gross proceeds of $1,750,000.05, subject to final TSX Venture Exchange (“Exchange”) approval.

Each Unit is comprised of one common share (the “Shares) and one share purchase warrant (the “Warrants”) of the Company, whereby each Warrant entitles the holder to purchase an additional share for a period of three years from closing at a price of $0.20 per warrant share (the “Warrant Shares”).

The Company is conducting the above Financing in jurisdictions outside of Canada and the United States in reliance on OSC Rule 72-503 – Distributions Outside Canada. The Shares, Warrants and Warrant Shares will not be subject to a hold period in Canada.

The Company paid a finder’s fee in the amount of $140,000 cash and 933,333 non-transferable warrants (“Finder Warrants”) in connection with the Financing Units raised by the Finder. Each Finder Warrant is exercisable at $0.15 per share for a period of three years from closing. The Finder’s fees are also subject to Exchange approval.

The Finders Warrants issued in connection of the Financing are subject to a four-month and a day hold period expiring on August 16, 2026, in accordance with applicable Canadian Securities laws.

Additionally, the Company announces it has closed a second non brokered private placement financing (the “2nd Financing”) by issuing 4,700,000 units (“Units”) at a price of $0.15 per Unit raising gross proceeds of $705,000 subject to final Exchange Approval.

Each Unit is comprised of one Share and one Warrant of the Company, whereby each Warrant entitles the holder to purchase an additional Share for a period of three years from closing at a price of $0.20 per Warrant Share.

All securities issued in connection 2nd Financing are subject to a four-month and a day hold period expiring on August 16, 2026, in accordance with applicable Canadian Securities laws.

The Company intends to use the proceeds of the Financing and the 2nd Financing for exploration on its Castle East Project, Gowganda, Ontario and for general working capital and administration costs.

About Nord Precious Metals Mining Inc.

The Company’s flagship Castle property encompasses 63 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 metres. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the Nord Precious Metals Press Release of May 27, 2020, for the resource estimate. The above resource is now considered an historical resource. Insufficient work has been done to categorize the above historical estimate as current. Significant additional diamond drilling and analytical work along with modelling is required before a new resource estimate can be compiled.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its approximately 51.24% ownership in Coniagas Battery Metals Inc. (TSXV: COS), as well as the St. Denis-Sangster lithium project comprising 32 square kilometres of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Unit Financing Announced

The Company announces a non-brokered private placement financing (the “Financing”) of up to 13,333,333 units of the Company (the “Units) at a price of $0.15 per Unit raising gross proceeds of $2,000,000, subject to TSX Venture Exchange (“Exchange”) approval.

Each Unit is comprised of one common share (the “Shares) and one Share purchase warrant (the “Warrants”) of the Company, whereby each Warrant entitles the holder to purchase an additional share for a period of three years from closing at a price of $0.20 per warrant share (the “Warrant Shares”).

A finder’s fee may be paid to eligible finders in connection with the Financing. All finder’s fees are also subject to Exchange approval.

The Company intends to use the proceeds of the Financing for exploration on its Castle East Project, Gowganda, Ontario and for general working capital and administration costs.

The Company is conducting the Financing in jurisdictions outside of Canada and the United States in reliance onOSC Rule 72-503 – Distributions Outside Canada. The Shares, Warrants and Warrant Shares are not expected to be subject to a hold period in Canada.

About Nord Precious Metals Mining Inc.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its approximately 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS), as well as the St. Denis-Sangster lithium project comprising 32 square kilometres of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Engineering Support Retained for Tailings Reprocessing at Castle Mine Project

The Company has retained T Engineering Inc. (“T Engineering”), to advance near-term silver recovery from tailings across the Company’s recently expanded Gowganda-Castle district land package. The engagement follows Nord’s completion, on March 31, 2026, of its acquisition of four mining leases in the Gowganda Silver Camp, which consolidated the most productive ground in the historical district. With a regulatory fast-track pathway for tailings recovery in Ontario, Nord is positioning to convert legacy resources into near-term production.

Management Commentary
“The addition of the adjoining mining leases to the Castle Mine holdings is transformative for the Company, adding key tailings deposits and underground infrastructure to our existing high-grade silver position,” stated Frank J. Basa, P.Eng., President and CEO. “The Gowganda Camp produced over 60 million ounces of silver before low prices shut it down. At today’s prices, the district’s remaining resources represent a fundamentally different economic proposition, and retaining T Engineering positions us to move forward on it.”

T Engineering Scope of Services
Services under the engagement include:

Multidisciplinary engineering support across process, mechanical, civil, structural, electrical, and automation disciplines, together with project management, procurement, and financial analysis;

Engagement of a third-party consultant, subject to Nord’s approval, to design tailings storage infrastructure and provide geotechnical services; and

Pilot-scale testing and process validation at T Engineering’s in-house laboratory in Sudbury, Ontario, equipped for particle size distribution, rheology, thickening and filtration testing, and other analytical work conducted to ASTM standards, to support scale-up and optimize recovery performance for both gravity and hydrometallurgical circuits.

Consolidated District Highlights
Historical Tailings Resource: The recently acquired Gowganda mining leases host a historical resource estimate(1) of approximately 1,940,000 tonnes grading 47.5 g/t silver, containing an estimated 2,960,000 ounces of silver.

District-Scale Consolidation: The acquisition brings Nord’s total consolidated lease area to 789.7 hectares, encompassing eight past-production shafts across the Gowganda-Castle district. The acquired leases include three of the five largest past-producing mines in the Gowganda Camp, including the Miller Lake-O’Brien complex, which alone produced approximately 42 million ounces of silver (OGS R175, McIlwaine, 1978).

Integrated Processing Infrastructure: The consolidated property includes historic mine workings, surface infrastructure, and all-season road access, materially reducing development risk.

Critical Minerals Leverage: The district’s silver mineralization is complemented by meaningful cobalt, copper, and nickel by-product potential. Silver, cobalt, copper, and nickel are all designated critical minerals in Canada and/or the United States.

Regulatory Pathway to Production: Ontario’s Recovery Permit framework provides a fast-track regulatory pathway for tailings reprocessing, with advanced templates and Ministry support already in place for Nord’s application. The Cobalt-Gowganda district contains numerous orphaned tailings deposits from a century of mining; with TTL as the only permitted processing facility in the district, Nord is positioned to convert these legacy environmental liabilities into production feed. In addition, the Company’s advanced exploration permit for the Castle Mine remains in place, permitting drilling and sampling activities on the mine lease and supporting multiple concurrent development pathways across the consolidated district. The Company maintains longstanding agreements with First Nations communities in the district, reflecting a commitment to responsible development and local economic participation in recovery operations.

Qualified Person
The technical information in this news release was approved and prepared under the supervision of Mr. Frank J. Basa, P.Eng. (PEO), director of Nord Precious Metals, a qualified person in accordance with National Instrument 43-101.

About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. operates TTL Laboratories, the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the Company has established an integrated position connecting high-grade silver discovery with strategic metals recovery operations.

The Company’s flagship Castle property encompasses 56 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in a now historic, Inferred resource grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 metres. The report, titled NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario Canada with effective date of May 28, 2020 authored by M.Rachidi, P.Geo., Ph.D. of GoldMinds Geoservices. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the Nord Precious Metals Press Release of May 27, 2020, for the resource estimate. The following notes were provided as part of the Resource Estimate report: 1 – The database used for this mineral estimate includes drill results obtained from historical (2011 one hole) to the recent 2019 drill program and wedges from the 2011 diamond drill hole; 2 – Mineral Resource is reported with mineable shape cut-off grade equivalent to 125$USD (258 g/t AgEq) including mining, shipping and smelting cost with recovery of 95%. The high-grade value of the mineral resources makes them direct shipping. Not all zones (mineable shapes) are above economic cut-off grade and zone 02b is a must-take material. The assay results are not capped as they are not considered as outliers at this stage and results are reproducible; 3 – The minimum horizontal width of the mineralized envelopes includes dilution and is 1.3m; and 4 – To convert volume to tonnage a specific gravity of 3.4 tonnes per cubic metre was used. Results are presented in‑situ without mining dilution.

Nord’s integrated processing strategy enables multiple metal recovery streams. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other strategic metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield, eliminates the typical arsenic barriers in complex silver-cobalt ores while producing technical-grade cobalt sulphate and other metal products to customer specifications. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord within Ontario’s emerging critical minerals supply chain.

More information is available at www.nordpreciousmetals.com.

Closing of Strategic Acquisition of Gowganda Silver Camp Claims from Battery Mineral Resources Corp. Announced

The Company announces that on March 31, 2026 it completed its previously announced acquisition of four mining leases in the Gowganda Silver Camp of Ontario (the “Gowganda Property”). The acquisition was completed pursuant to an amended and restated asset purchase agreement (the “Definitive Agreement”) dated March 31, 2026, among the Company, Battery Mineral Resources Corp. (“BMR”) and North American Cobalt Inc. (“NACI”) amending the terms of its previously announced asset purchase agreement dated January 5, 2025.

Transaction Summary

In accordance with the Definitive Agreement, Nord has acquired four mining leases (LEA-109391 – LEA109394) comprising the Gowganda Property from NACI, BMR’s wholly-owned subsidiary, for the following consideration:

$1,000,000 cash on the closing date;

the issuance to BMR, on behalf of NACI, on the closing date of 4,401,408 common shares in the capital of Nord (the “Nord Shares”) at a deemed price equal to $0.284 per share;

a 3.0% net smelter returns royalty on the Gowganda Property; and

deferred consideration of $1,250,000 on each of the first, second and third anniversaries of the closing date of the Transaction (the “Deferred Consideration”) for aggregate Deferred Consideration of $3,750,000.

At Nord’s election, up to 50% of each Deferred Consideration payment may be satisfied in Nord Shares at a deemed price per share equal to the greater of: (i) the 25-day volume-weighted average trading price per Nord common share on the TSX Venture Exchange (the “TSXV”) ending on the last trading day preceding the applicable payment date, and (ii) the minimum price permitted by the TSXV; provided however that the aggregate number of Nord Shares that may be issued in satisfaction of the Deferred Consideration shall not exceed 10,938,610 Purchaser Shares (the “Maximum Share Limit”). In the event the Maximum Share Limit is reached, any remaining balance of the Deferred Purchase Price must be satisfied entirely in cash. The Nord Shares issued in satisfaction of the Deferred Consideration will be subject to a statutory hold period of four months and one day from the date of issuance.

Completion of the transaction remains subject to receipt of the final approval of the TSXV.

Qualified Person

About Nord Precious Metals Mining Inc.

Nord operates TTL Laboratories, the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the Company has established an integrated position connecting high-grade silver discovery with strategic metals recovery operations.

The Company’s flagship Castle property encompasses 63 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 metres. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the Nord’s Press Release of May 27, 2020, for the resource estimate. The above resource is now considered an historical resource. Insufficient work has been done to categorize the above historical estimate as current. Significant additional diamond drilling and analytical work along with modelling is required before a new resource estimate can be compiled.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS), as well as the St. Denis-Sangster lithium project comprising 32 square kilometres of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Non-Brokered Critical Mineral Flow-Through Unit Private Placement Closes

The Company has closed a non brokered flow-through (“FT”) unit private placement financing by issuing 6,000,000 units (“FT Units”) at a price of $0.25 per FT Unit raising gross proceeds of $1,500,000 subject to final TSX Venture Exchange (“Exchange”) acceptance.

Each FT Unit is comprised of one common share (the “Shares) and half of one share purchase warrant (the “Warrants”) of the Corporation, whereby each whole Warrant entitles the holder to purchase an additional share for a period of two years from closing at a price of $0.40 per warrant share (the “Warrant Shares”).

The Corporation agreed to pay a Finder’s fee of $6% ($90,000) cash and 6% (360,000) non-transferable warrants (“Finder Warrants”) in connection with the FT Units raised by the Finder. Each Finder Warrant is exercisable at $0.25 per share for a period of two years from closing. The Finder’s fees are also subject to Exchange approval

All securities issued in connection with the FT Units, FT Shares, Warrants, Finders Warrants and Finder Warrant Shares are subject to a four-month and a day hold period expiring on July 3, 2026, in accordance with applicable Canadian Securities laws.

About Nord Precious Metals Mining Inc.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 32 square kilometers of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

High-Grade Silver Intercepted in 3,500-Meter Phase I Drill Program

Three silver-cobalt intercepts in first 2100 metres of Phase 1 program which began in December 2025 of a planned 30,000-metre drill program

The Company has completed over 2,100 metres of its Phase 1 drill program at Castle East, the first 3,500-metre stage of a planned 30,000-metre campaign.

The program follows up on some of the highest-grade silver intercepts reported in the Cobalt Camp in recent years, including 19,308 g/t Ag over 1.30 metres (at 550.60m in CS-20-39W4) and 89,853 g/t Ag over 0.30 metres (at 557.46 m in CS-20-39).

A comprehensive reinterpretation of the Castle East dataset, encompassing geophysics, structural analysis, and over 75,000 metres of historical drilling, has identified a potential 29 discrete vein structures in a new geological model. Phase 1 is designed to confirm these modelled structures. The broader program aims to increase the resource estimate for Castle East and to position a ramp for underground access, enabling further drilling at depth and the recovery of a bulk sample for processing at the Company’s fully permitted high-grade mill in Cobalt, Ontario.

Post image
Hole CS26-129W2 at 483.2m downhole showing silver-cobalt mineralization in quartz-carbonate vein with native silver in wallrock fractures

Three holes have been completed to date. Of these, CS-26-129W2 intersected three distinct mineralized intervals, consistent with the multi-vein architecture identified in the Company’s 2025 3D geological model. Assay results are pending and will be released as they become available.

Native silver in the Cobalt Camp occurs both within high-grade vein structures and as fine fracture-filled silver in the adjacent host rock. To capture the full distribution of mineralization, the Company will report results using two sample widths for each interval: a narrower cut representing the high-grade vein proper, and a wider envelope that includes silver hosted in the surrounding wall rock. This dual-width approach is designed to give investors and future engineers a clear picture of both vein-scale grade and the broader mineralized zone available for bulk extraction, supporting the Company’s planned transition from exploration drilling to underground development and bulk sampling through its existing processing infrastructure in the Cobalt Camp.

Management Commentary

“The 3D structural model gave us 29 target veins where previously we had five. Three holes in, and we are already seeing the multi-vein geometry the model predicted. That is the kind of early confirmation that tells you the geology is real and the program is on the right track,” stated Frank J. Basa, P.Eng., President and CEO.
“Our objective has not changed: confirm enough structure to justify a ramp, get underground, and put a bulk sample through our mill. Every metre we drill now is designed to move us closer to that decision,”
Qualified Person
The technical information in this news release was approved and prepared under the supervision of Mr. Frank J. Basa, P.Eng. (PEO), director of Nord Precious Metals, a qualified person in accordance with National Instrument 43-101.

More information is available at www.nordpreciousmetals.com.

Investor Awareness Agreement with Baystreet Announced

Investor Awareness Agreement with Baystreet Announced
Nord Precious Metals announces that the Company has entered into an Investor Awareness Agreement with Baystreet.ca Media Corp. dated February 11, 2026 (the “Agreement”) whereby the services to be provided by Baystreet will include branding services, communications, advisory and general consulting services.

The consulting services to be provided by Baystreet shall include, but are not limited to, SEO, digital media campaigns for branding, Media Consulting, General Business Development, Multimedia services and Project Management. Baystreet will also write and distribute weekly ticker tag articles highlighting the company in sector based analysis, as well as news based tags when the company has a new event as outlined in the Agreement for a fee of $81,526 + gst for a term of six months upon acceptance by the TSX Venture Exchange.

Baystreet and the Company are not related parties and operate at arm’s length. Neither Baystreet nor its principals have any interest in the Company’s securities, directly or indirectly, or any right or intent to acquire such an interest.

The Company’s flagship Castle property encompasses 58 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in a now historic, Inferred resource grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 metres. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the Nord Precious Metals Press Release of May 27, 2020, for the resource estimate. The above resource is now considered an historical resource. Insufficient work has been done to categorize the above historical estimate as current. Significant additional diamond drilling and analytical work along with modelling is required before a new resource estimate can be compiled.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec including its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS), as well as the St. Denis-Sangster lithium project comprising 32 square kilometres of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Meet Company Management at The Vancouver Resource Investment Conference Jan. 25-26

The Company invites investors to meet with management at the Vancouver Resource Investment Conference (VRIC) January 25-26, 2026 at the Vancouver Convention Centre West.

Nord’s management including CEO Frank Basa, P.Eng. will be at Booth #609 throughout the conference and will be available to answer questions about ongoing drilling, resource expansion and preparations for tailings mining at Nord’s past-producing Castle and Beaver Mines located near Cobalt, Ontario, which is 5 hours by car north of Toronto.

Investors interested in Nord may find it useful to review Nord’s January 13, 2026 news releaseoutlining Nord’s path to production, its current work and next steps, the very positive implications of its recent acquisition of mining leases next to the Castle property, a map showing the addition of the acquired property, and the strong support undertaken by the Ontario Government for the province’s mining sector.

The Company also announces that it has engaged the services of Departures Capital Inc. (“Departures”), to provide investor relations services to the Company. Departures is based out of Vancouver, BC.

The Company has entered into a Services Agreement (the “Agreement”) dated January 22, 2026, whereby the services to be provided by Departures will include providing strategic, consulting, investor relations communications, digital media production and other services as outlined in the Agreement for a fee of $25,000 for a term of one year upon acceptance by the TSX Venture Exchange. The Agreement may be renewed by the Company and Departures at the end of the initial term.

Departures and the Company are not related parties and operate at arm’s length. Neither Departuresnor its principals have any interest in the Company’s securities, directly or indirectly, or any right or intent to acquire such an interest.

Qualified Person

About Nord Precious Metals Mining Inc.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec includingits 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS), as well as the St. Denis-Sangster lithium project comprising 32 square kilometres of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Appointment of A New CFO

The Company is pleased to announce that Heidi Gutte has been appointed as Chief Financial Officer of the Company effective January 15, 2026, replacing the Company’s CFO, Robert Suttie.

Heidi Gutte has over 15 years of experience with publicly-traded mineral exploration and mining companies. She specializes in corporate finance, IFRS financial reporting, audit preparation and response, tax optimization, and corporate compliance for the mineral exploration and junior mining sector. Ms. Gutte holds a bachelor’s degree in computer engineering from the University of Applied Sciences in Brandenburg, Germany. She is a Chartered Professional Accountant and a member of Chartered Professional Accountants of British Columbia and Canada.

The Company thanks Mr. Suttie for his contributions to the Company and wishes him well in his future endeavors.

About Nord Precious Metals Mining Inc.

More information is available at www.nordpreciousmetals.com.

Path to Production Outlined Following Gowganda Acquisition

Recovery Permit framework positions TTL as district processing hub; Company has previously produced 1,000-ounce silver bar from Cobalt Camp material

The Company provides additional context on its previously announced acquisition of four mining leases from Battery Mineral Resources Corp. (“BMR”) in the Gowganda Silver Camp. The 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 its One Project, One Process permitting framework, and the Province has launched a $500 million Critical Minerals Processing Fund to expand domestic processing capacity.

Next Steps and Exploration Potential
The transaction consolidates not merely surface tailings but the underground architecture of a district that once rivalled Cobalt itself. The acquired leases add four historic production shafts to Nord’s existing four, bringing the consolidated total to eight past production shafts in the Gowganda district.

The Miller Lake-O’Brien complex alone accounts for 13,500 feet of shaft and winze sinking, 155,000 feet of cross-cutting, and 457,000 feet of underground drilling completed between 1936 and 1970, with workings reaching 1,300 feet before operations ceased. Combined with the Bonsall shaft, and the Sandy K adit driven 450 metres into the Nipissing diabase, the acquired leases represent substantial underground development that previous operators never fully exploited. The Capitol Mine, whose workings extend beneath a portion of the acquired ground, as well as beneath the Company’s existing leases, mined only the upper contact of the productive Nipissing diabase sill before shutting down in 1964.

Nord’s 2025 3D geological modeling program at Castle East, completed by Ronacher McKenzie Geoscience using 75,000 metres of drill data, has identified 29 mineralized veins and confirmed the exploration potential of the previously underexplored lower contact of the Nipissing diabase – the same geological host that underlies the acquired Gowganda properties. This technical work, which progressed from five previously identified veins through potentially over 10 in preliminary modeling to 29 modeled veins through the comprehensive 3D analysis, demonstrates how modern structural interpretation can unlock value in ground that historical operators viewed as exhausted. The same methodology can now be applied across Nord’s consolidated land package.

The Recovery Permit application for tailings processing continues to advance with Ministry support, following the advanced template and 80-day fast-track pathway the Ministry delivered in June 2025. Ministry guidance has confirmed that toll processing arrangements for third-party tailings can be accommodated under Recovery Permits, and that such permits may be issued for processing operations on land the applicant does not own, provided landowner consent is obtained, a framework Ministry officials have described as designed for precisely this type of project.

Consolidated District Position
The BMR 225-ha Gowganda Property comprises four mining leases located 125 kilometres northeast of Sudbury, immediately adjacent to Nord’s existing Castle Leases. The acquisition increases Nord’s total lease area by 40% to 789.7 hectares (see figure 1, below), consolidating the most productive ground in the historical Gowganda Silver Camp.

FIGURE 1: Claims and Mining Lease Map – Nord Properties and Newly Acquired BMR Leases

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The Gowganda Silver Camp produced over 60 million ounces of silver and 1.3 million pounds of cobalt between 1909 and 1989. The four mining leases encompass three of the five largest past-producing mines in the Gowganda Camp: the Miller Lake-O’Brien (Siscoe), Millerett, and Bonsall operations. The Miller Lake-O’Brien Mine alone produced approximately 42 million ounces of silver between 1910 and 1972, making it the largest past-producing Cobalt-style silver mine outside of the Cobalt Mining Camp. Thirty-seven mineral occurrences are documented within these concessions (Northern Ontario Business, January 24, 2023; Sergiades, A.O. 1968, Silver Cobalt Calcite Vein Deposits of Ontario, Ontario Department of Mines, Mineral Resources Circular No. 10).

Combined with the broader Cobalt-Gowganda-Silver Centre district, total historical production amounts to approximately 550 million ounces of silver and 26 million pounds of cobalt between 1904 and 1989.

Processing Infrastructure and Integration
TTL Laboratories, located in the town of Cobalt and operated by Nord, is the only permitted high-grade milling facility in the historic Cobalt Camp. It was purpose-built infrastructure for a district that once supplied a significant share of the world’s silver and cobalt. The Company’s gravity concentration plant has been metallurgically validated for processing historic Cobalt Camp tailings. TTL’s bullion furnace has previously produced refined silver dore, including a 1,000-ounce silver bar using Cobalt Camp material.

The Gowganda acquisition provides additional feed material for TTL’s processing operations, strengthening Nord’s position as an integrated silver-cobalt producer capable of converting historical resources into refined products within Ontario. This integrated model aligns directly with Ontario’s stated objective of ensuring that critical minerals mined in the province are processed in Ontario by Ontario workers.

Combined with the Castle and Beaver tailings deposits, the Company now controls multiple silver-bearing inventories across the district, with gravity concentration providing the appropriate first-stage upgrading pathway for diverse feed streams prior to hydrometallurgical recovery.

Recovery Permit Pathway
Ongoing dialogue with the Ontario Ministry of Energy and Mines has clarified the regulatory pathway for district-scale tailings processing. Ministry guidance confirms that toll processing arrangements for third-party tailings can be accommodated under Recovery Permits. December 2025 discussions further established that such permits may be issued for processing operations on land the applicant does not own, provided landowner consent is obtained. Ministry officials have described this framework as designed for precisely this type of project.

The Company has received an advanced template and fast-track pathway for its Recovery Permit Application. The Cobalt-Gowganda Camp contains dozens of orphaned tailings deposits during a century of mining. With TTL as the only permitted processing facility in the district and Ministry guidance supporting toll processing arrangements, Nord is positioned to aggregate and process scattered resources that would otherwise remain environmental liabilities.

Strategic Context
The acquisition comes amid renewed attention to Ontario’s silver-cobalt heritage. In November 2025, CBC News profiled Nord’s operations in a feature on the resurgence of silver mining in Northern Ontario, noting that silver prices hovering at the time around US$50 per ounce have “renewed interest in mining around the town of Cobalt, which was once known as the Silver Capital of the World.” Company President Frank Basa also appeared on CBC’s Morning North with Markus Schwabe to discuss the camp’s potential and Nord’s integrated approach to silver and critical minerals recovery.

Ontario’s Minister of Energy and Mines, the Honourable Stephen Lecce, subsequently highlighted Nord’s permitting experience on social media, quoting Mr. Basa: “You can get a permit in 10 weeks. You can’t get a permit anywhere in the world in 10 weeks – but you can in Ontario.” Minister Lecce stated that “Ontario’s 1P1P framework is unlocking investment, jobs, and opportunity across the North” and that the Province is “restoring Ontario’s reputation as a global mining powerhouse.”

On December 12, 2025, the Ontario government officially launched the $500 million Critical Minerals Processing Fund through Invest Ontario. Minister Lecce stated: “We are finally ending the ripping and shipping of Canada’s vast resources by stepping up with a plan to build mines faster and expand domestic processing. This is about protecting Ontario workers by ensuring ‘Made in Canada’ is stamped on the minerals we process.”

Management Commentary
Frank J. Basa, P.Eng., President and CEO, stated:

“The acquisition consolidates our feed position across the district. TTL has already demonstrated silver recovery from district material, and the metallurgy is proven. What we needed was sufficient feed to support continuous operations.”

Mr. Basa continued:

“We have the infrastructure in place. TTL has poured silver before, and we have the bar to prove it. Ontario has made clear it wants critical minerals processed in-province. Our Recovery Permit application is advancing, and the Ministry’s engagement has been constructive throughout. The framework rewards operators who are ready to move. We are ready to move.”

Historical Resource Note
The acquired leases contain a historical resource in silver tailings classified as an indicated resource of 1,940,000 tonnes grading 47.5 g/t silver at a cut-off grade of 10.0 g/t, yielding a potential 2,960,000 ounces of silver. This resource estimate is referenced from the technical report entitled “Technical Report on the Gowganda Silver Project Including a Resource Estimate of the Surface Tailings Deposit” 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.

A 1981 WGM study, referenced in the 2011 Technical Report, concluded that optimal silver recovery would involve grinding tailings to approximately 80% -200 mesh followed by conventional leaching, yielding 82.3% silver recovery.

The above indicated resource estimate is considered historical in nature and is not being treated as a current resource by the Company. A Qualified Person has not completed sufficient work to classify the historical estimate as current mineral resources. The relevance of the 2011 historical resource is based on the historical work program and estimation having confirmed that the silver mineralization contained in the tailings could be potentially recoverable. There have not been any further resource estimates since 2011. At a minimum, a review of all data and additional drill holes to confirm original assays as well as reviewing assumptions in the context of current metal prices would be required to begin a current resource estimate.

More information is available at www.nordpreciousmetals.com.

Gowganda Silver Camp Consolidated with Strategic Acquisition for Potential Near Term Silver Production

Transaction expands Nord’s silver tailings historic resource by 2.9 million ounces

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 “GowgandaProperty”) 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 g/t is ~1,940,000 tonnes grading 47.5 g/t silver for ~2,960,000 contained ounces of silver in an Indicated category (refer to Table 4, page 31). The report also states, on page 30, that the tailings Mineral Resource estimate is classified in accordance with the CIM Definition Standards (2005). As a result of the extensive drilling that has been completed on the tailings, it is considered that there is sufficient drill density and confidence in the distribution of Ag within the tailings deposit to classify the entire deposit as Indicated.

Resources notes:

• Historical Mineral Resource estimate for the Gowganda project – resource grades were total in situ assay results

• assay values used in the resource estimate were verified against assays on drill logs contained in historic drill reports and assay certificates

• a site visit was carried out by Alan Sexton, P.Geo. and Vice President of GeoVector to verify drill collar locations, tailings extent, and mine infrastructure

• digital data files of hole collar locations and down-hole surveys were checked and verified

• the mineral resource was estimated using 1.5-metre sample composites (2,504 composites) of assay values (2,039 assays) from 764 auger and sonic drillholes totalling 3,012 metres

• for the resource, metallurgical recoveries were assumed to be 100%

• a block model, with the origin at 518550E, and 5280050N, 430 metres elevation, and oriented at 300o, was constructed using 4m x 4m x 1m blocks in the X, Y, Z directions respectively. Grades for silver were interpolated into the blocks by the inverse distance squared method using between four and twenty composites in a minimum of 2 drillholes to generate block grades. Based on a statistical analysis of the composite database from each resource model, it was decided that no capping was required on the composite populations to limit high vales.

• The size of the search ellipse was set at 42 x 42 x 3 metres in the X, Y, Z directions respectively for the indicated resource. The principal azimuth is oriented at 155o (trend of the tailings pile) ,the principal dip is oriented at 0o and the intermediate azimuth is oriented at 65o.

• Specific gravity (SG) testing was previously carried out on 11 representative samples of tailings and the calculated average SG value of 2.12 was applied to all blocks within the updated block model.

Transaction Summary

Under the Purchase Agreement, Nord has agreed to buy the Company’s four mining leases (LEA-109391 – LEA109394) comprising the Gowganda silver tailings project on an “as-is where-is” basis for the following consideration:

• $1,000,000 cash on the closing date;

• $1,250,000 in Nord shares on the closing date at a deemed price equal to $0.284 per share;

• a 3.0% net smelter returns royalty on the Gowganda silver tailings project; and

• deferred consideration of $1,250,000 on each of the first, second and third anniversaries of the closing date of the Transaction (the “Deferred Consideration”) for aggregate Deferred Consideration of $3,750,000.

At the election of Nord, up to 50% of each Deferred Consideration may be satisfied in Nord common shares at a deemed price per share equal to the greater of: (i) the 25-day volume-weighted average trading price per Nord common share on the TSX Venture Exchange (the “TSXV”) ending on the last trading day preceding the applicable payment date, and (ii) the minimum price permitted by the TSXV. The Nord common shares to be received by the Company will be subject to a statutory hold period of four months and one day from the date of issuance.

The transaction is an arms-length transaction for the Company, and no finder fees are payable in connection with the Transaction. The closing of the Transaction is subject to certain closing conditions, such as conditional approval of the TSXV.

Qualified Person

About Nord Precious Metals Mining Inc.

More information is available at www.nordpreciousmetals.com.

Second Tailings Reprocessing Opportunity Identified at Castle Silver Mine

The Company has, through deep pit digging, identified a potential second tailings deposit on the Castle Silver Mine site.

Tailings Highlights:

– Located next to Castle Silver Mine Shaft on two 20-hectare mining leases

– Deepest pit dug down to 6 meters, open to depth

– Company tailings amalgamated with off-property historic tailings, not owned by Nord, having a drill-indicated resource of 2,960,000 ounces of silver

The Company has begun pre-development at the former Castle Silver Mine site using an excavator to test for the location of the Modular Gravity Processing plant. Various test pits were dug with the excavator to locate a suitable area with a solid rock foundation base. Tailings were encountered over a wide area which were covered over with mine waste rock.

A comprehensive historical analysis of the Gowganda district mining and milling operations is underway to determine the precise origin of the tailings – whether from Castle Silver Mine operations or migration from adjacent properties. Results will determine drill program parameters for tailings resource delineation.

The Company targets mid-2025 for submission of a recovery permit application under Ontario’s recently amended Mining Act, which streamlines permitting for tailings reprocessing projects. Nord has already secured a 600 tonne-per-day gravity concentration plant, metallurgically validated for processing historic Cobalt Camp tailings. Initial operations will execute a two-phase strategy:

Phase 1: Recovery of broken mineralized material from Level 1 open stopes Phase 2: Systematic backfilling of Level 1 using processed tailings material

Previous metallurgical validation using the Company’s proprietary Re-2Ox process has demonstrated:

– Silver recovery to doré bar, producing a 1,000-ounce bar

– Cobalt sulfate production meeting precise EV battery specifications (22.8% CoSO4·6H2O)

– Simultaneous extraction of nickel (81%) and removal of arsenic (99%)

The Re-2Ox process has been independently validated by SGS Laboratories in Lakefield, Ontario, achieving the stringent product specifications required by Sumitomo Metals, a tier-1 supplier to Japanese EV manufacturers.

Qualified person

The technical information in this news release was approved and prepared under the supervision of Mr. Frank J. Basa, B.Eng., (PEO), director of Nord Precious Metals, a qualified person accordance with National Instrument 43-101.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. (formerly Canada Silver Cobalt Works Inc.) recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000 m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to the Nord Precious Metals (previously Canada Silver Cobalt Works) Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed a nearly 16,000-metre drill program on the Graal property recently spun out to Coniagas Battery Metals Inc. of which Nord owns 35%; and (2) St. Denis-Sangster lithium project – 260 square kilometers of greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals’ Case Lake Lithium properties.

Nord Precious Metal’s flagship silver-cobalt Castle mine and 78 sq. km Castle property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Nord Precious Metals is strategically positioned to become a Canadian leader in the silver-cobalt space. More information is available at www.nordpreciousmetals.com.

Water Treatment Infrastructure Advances, Adds to Integrated Processing Capabilities

The Company is proceeding with a permitted, engineered water treatment facility at Castle Silver Mine, expanding its vertically integrated operational capabilities in the Cobalt-Gowganda Camp.

This new infrastructure will manage mine dewatering and process waters for both previously mined mineralized material in the stopes (waste rock), and legacy tailings under the Ministry’s new Recovery Permitting System, enabling near-term processing in a manner that meets modern environmental standards.

With mine access established through an adit on the first (70-foot) level of the Castle Mine, and a measured capacity to extract up to 300 tonnes of mineralized material per eight-hour shift from the stopes, the water treatment plant can process mine dewatering and gravity concentration of crushed waste rock and legacy tailings.

Strategic Development Streams

1. Processing Infrastructure (Initiated 2020)

– Acquired and upgraded the 20,000 square foot Temiskaming Testing Labs (TTL) facility

– Refurbished the 20-tonne per day high-grade crushing/screening circuit

– Commissioned two-stage gravity plant at 24 tonnes per day

– Operating as district’s only permitted processing and analytical facility, serving as a central processing hub for district-scale material

2. Waste Rock Valorization (2022-Present)

– Demonstrated high-grade concentration potential from waste rock:

Gravity Concentrate Grades:

• Silver: Up to 29,165 grams per tonne

• Cobalt: Up to 11.82 percent

• Nickel: Up to 4.36 percent

– Advancing systematic reprocessing of surface stockpiles across multiple sites

– Multiple spoke sources identified for central processing

3. Metallurgical Processing (Initiated 2018)

– Established Re-2Ox Process, producing 22.6% cobalt sulfate meeting battery manufacturer specifications

– Demonstrated recovery rates of: 99 percent cobalt, 81 percent nickel, 99 percent arsenic, validated by SGS Lakefield

– Ongoing optimization for battery metals production

4. High-Grade Inferred Resource (2020-Present)

– Castle East discovery: 7.56M oz silver Inferred at 8,582 g/t Ag in 27,400 tonnes

– Underground development accessing multiple silver-cobalt veins

– Recent drilling confirms gold potential with intercepts up to 14.49 g/t Au

– Building upon the recent 60,000m drill program, expanding resource base to add to current inferred resource

5. Environmental Infrastructure (2024-Present)

– Water treatment facility development underway

– Zero-discharge system for process waters

– Enables processing of:

• Mine dewatering discharge

• Process waters

• Tailings treatment streams

“The water treatment facility completes critical infrastructure required for commercial-scale operations,” stated Frank J. Basa, P.Eng., CEO. “With underground access established, processing capabilities demonstrated, and water management systems advancing, we are positioned to process both newly mined material and historic tailings while maintaining environmental compliance.”

The Castle property and TTL facility are strategically located in the Cobalt-Gowganda Camp, which historically produced over 600 million ounces of silver and 30 million pounds of cobalt. The Company’s fully permitted TTL facility is the district’s only operating mineral processing and analytical facility.

Hub-and-Spoke Operational Strategy

With the Castle Mine and other satellite deposits (Beaver, Miller Creek) feeding the TTL central processing facility, Nord is poised for efficient scaling. The newly permitted water treatment plant ensures compliance with provincial and federal regulations while capturing additional silver-cobalt byproducts from treated water streams. The Company anticipates expanded throughput of both stope material and surface tailings, maximizing asset value and advancing critical metals output for the North American supply chain.

The Company’s district-scale processing model centers on three immediate value streams:

1. Underground mineralized material (300 tonnes/shift capacity)

2. Surface stockpile reprocessing

3. Historic tailings recovery

Nord’s vertically integrated hub-and-spoke model builds compound advantages. Underground mining, surface stockpiles, and historic tailings feed TTL’s central processing hub, where gravity concentration and Re-2Ox technology transform diverse material streams into specification-grade metals and compounds. This closed-loop system, powered by advanced water treatment, unlocks value from multiple streams simultaneously. With demonstrated processing capabilities and expanding resource control, Nord is systematically positioning to address North American critical mineral supply gaps.

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About Nord Precious Metals Mining Inc.

Nord Precious Metals Prepares 3D Geological and Structural Model for Follow-Up Drill Program

The Company has prepared a scope of work for tender for geological consultants to develop a geological model for the Castle East Project. Having completed over 60,000 meters of drilling and identified over five main vein structures including the Robinson vein, Big Silver vein, Archean silver vein and All Stars veins in the recent drill programs, the Company will proceed to integrate the data to optimize follow-up drill holes for resource expansion. Nord has identified potentially over 10 veins, but a systematic review is required to potentially group these veins into larger structures using key findings from structural measurements, past and current geophysical surveys as well as mine plans from existing and past-producing mines.

Data to be Integrated into Revised 3D Model:

– Historic Mine Plans from both the Castle and Capitol Mines

– Drill hole data

– Develop a comprehensive lithological and alteration model incorporating Nord drilling and historical drilling of the broader area

– Improving the structural model

– Historic IP/Resistivity

– Recent IP/Resistivity

– UAV magnetic survey

– Borehole EM

– MPASS survey

Results will be compiled into a 3D model and will include recommendations for follow-up drill holes.

Matthew Halliday, P.Geo. Director, commented, “There is a wealth of knowledge on the project that can now be incorporated into a comprehensive model improving the understanding of both the Silver deposit model and the Gold mineralization model. Much of the data has already been incorporated but there is still work to do to ensure that all the data is compiled and interpreted into a single model before the start of drilling program.”

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The technical information in this news release was approved and prepared under the supervision of Mr. Matthew Halliday, P.Geo., (PGO), Director of Nord Precious Metals, a qualified person in accordance with National Instrument 43-101.

About Nord Precious Metals Mining Inc.

Nord’s integrated processing strategy leverages the synergistic value of multiple metals. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals, while the company’s proprietary Re-2Ox hydrometallurgical process enables production of technical-grade cobalt sulphate and nickel-manganese-cobalt (NMC) formulations. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize on both precious metals markets and the growing demand for battery materials.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec including its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometers of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Ronacher McKenzie Geoscience to Complete 3D Geological and Structural Model for Castle East High-Grade Silver Property

The Company has retained Ronacher McKenzie Geoscience (“RMG”) to complete a 3D geological and structural model for the Castle East high-grade silver property. Ronacher McKenzie Geoscience has worked previously in this area where the geology, geophysics and structure around the Cobalt Camp is unique, enabling them to provide a distinctive level of confidence based on global expertise.

Nord CEO, Frank J. Basa, confirmed, “Approximately 1.2 kilometers of ground between the historic Castle Mine and the Robinson zone remains underexplored. This area offers significant exploration potential. There is capacity to expand the Robinson Zone both vertically and laterally, further increasing the resource base. The next phase will investigate continuity between the major vein structures already defined in the previous program, including the Robinson zone, All-Stars zone, Archean Silver Vein, Big Silver Vein, and the Robinson West Zone.”

Drill results from the last drill program are presented below for reference. Based on numerous drill intercepts with high grade silver assays, mineralized material from those zones can be shipped to Temiskaming Testing Labs for direct processing into silver doré bars using the high-grade gravity plant and producing high-grade gravity critical metals concentrate.

NORD’s Castle East Robinson Zone Significant Drill Intercepts (Core Intervals)

Hole #

From [m]

To [m]

Length [m]

Ag [g/t]

Ag [oz/ton]

Co [%]

CA1108

563.54

566.63

3.09

6,476.29

188.92

0.13

Including

564.34

564.79

0.45

40,944.00

1,194.40

0.91

CS-19-08W1

558.00

560.50

2.50

12,738.55

371.60

0.09

Including

559.40

560.00

0.60

50,583.39

1,475.59

0.30

CS-19-08W2

545.00

549.00

4.00

7,259.50

211.77

0.20

Including

547.20

547.50

0.30

70,380.15

2,053.10

2.61

CS-19-08W3

568.00

569.00

1.00

56.40

1.65

1.35

CS-20-22

563.90

564.50

0.60

4,971.39

145.02

0.39

Including

564.15

564.50

0.35

8,338.41

243.24

0.66

CS-20-22

407.00

419.00

12.00

29.05

0.85

0.00

Including

409.45

409.85

0.40

368.70

10.76

0.01

CS-20-28

459.60

460.00

0.40

3,452.61

100.7

CS-20-39

557.46

557.76

0.30

89,853.00

2,621.1

CS-20-39W2

561.73

562.44

0.71

30,931.44

902.3

Including

561.73

562.14

0.41

51,612.00

1,505.6

and including

562.14

562.44

0.30

2,668.00

77.8

CS-20-39W4

475.30

475.70

0.40

2,019.00

58.9

CS-20-39W4

550.60

551.90

1.30

19,308.11

563.2

Including

550.60

551.08

0.48

2,097.00

61.2

and including

551.08

551.50

0.42

53,739.00

1,567.6

and including

551.50

551.90

0.40

3,809.00

111.1

CS-21-50

548.43

548.87

0.44

2,208.00

64.4

CS-21-54

484.87

485.52

0.65

4,233.30

123.5

Including

484.87

485.17

0.30

7,981.00

232.8

and including

485.17

485.52

0.35

1,021.00

29.8

CS-21-51

448.20

448.85

0.65

2,040.25

59.5

Including

448.20

448.55

0.35

1,443.90

42.1

and including

448.55

448.85

0.30

2,736.00

79.8

CS-21-61

449.00

450.4

1.40

10,239.60

298.7

CS-21-61

449.55

449.97

0.42

30,416.91

887.3

CS-21-65

254.03

254.41

0.38

7,328.47

213.78

CS-21-65

421.00

421.42

0.42

1,883.21

54.94

CS-21-73

512.50

513.00

0.50

2.900.00

84.60

CS-21-77W1

453.00

453.50

0.50

2,760.00

80.51

CS-21-78

490.38

490.85

0.47

1,080.00

31.51

CS-21-81

482.33

483.34

1.01

3,680.00

107.35

CS-21-84

501.00

501.67

0.67

3,020.00

88.10

CS-22-115

64.99

65.52

0.53

4,710.00

137.40

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About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the company has established a unique position integrating high-grade silver discovery with strategic metals recovery operations. The Company’s flagship Castle property encompasses 63 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton).

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometers of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Preliminary 3D model Shows Exploration Upside of Little-Explored Lower Contact of the “Productive Nipissing Diabase”

The Company is doubling down to explore the previously under-explored lower contact of a mafic intrusive known as the productive Nipissing Diabase in the Gowganda Silver Camp of Northeastern Ontario.

In the Gowganda Camp alone, the mines in the Miller Lake Basin produced just over 60 Million ounces silver, the majority coming from three mines – one of which was the Castle Mine No. 3. The vast majority of the high-grade silver mineralization was recovered from the upper portion of the productive Nipissing Diabase. The production figures from the Cobalt Camp – including the satellite camps of Gowganda, Casey and South Lorrain – reach over one half Billion ounces of silver.

“The high-grade silver intercepts the company drilled: 89,859 grams per tonne (2,621 ounces per Ton) over 0.30 meters, 50,583 grams per tonne (1,626 ounces per Ton) over 0.6 meters and 70,380 grams per tonne (2,263 ounces per Ton) over 0.3 meters, are all in the productive Nipissing Diabase”, commented Frank J. Basa, B.Eng., PEO, CEO. “Expanding the current exploration program to include the lower contact of the Nipissing Diabase has the potential of further discoveries of high-grade silver veins.”

Nord’s recently completed 60,000-meter drill program identified high-grade silver intersections both in the upper and lower portions of the Nipissing diabase. Nord has mining leases covering 518 hectares in the area with at least 215 hectares of surface area having had little previous exploration no production workings. With improved technology in drilling and geophysics, this provides 215 hectares of prospective exploration on each of the upper and lower contacts of the Nipissing Diabase. With five veins already identified and a potential for a number of additional veins also now identified, future drilling will continue to explore the upper contact while using wedges and downhole geophysics to direct deeper drilling to more effectively explore the lower contact of the Nipissing Diabase.

The veins in the Gowganda area are hosted primarily within an approximately 300-metre-thick undulating mafic intrusive sill known as the Nipissing diabase where mineralization occurs in narrow, steeply dipping veins. Veins can be single and typically narrow or branching veins forming vein systems up to a few metres wide. Historically, production was located almost exclusively in the upper half of the Nipissing diabase and mostly in the western part of the basin where the Nipissing diabase was at or close to surface. Nord’s Castle No.3 Mine’s earlier workings were focussed on the shallower upper contact veins. The later production in the 1970s and 1980s extended the workings deeper to explore and produce from the lower contact of the Nipissing diabase. The adjacent Capitol Mine shaft, located 1 kilometer southeast of the Castle No.3 shaft and whose workings extend under a portion of Nord’s Castle East leases, extends only into the upper half of the Nipissing diabase.

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About Nord Precious Metals Mining Inc.

In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to the Nord Precious Metals (previously Canada Silver Cobalt Works) Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, [NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometers of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Progress Update on Preliminary 3D Model Shows Wider Silver Mineral Intercepts Contain 55% More Silver

The Company is pleased to provide an updated vision on taking wider intercepts to show there is a potential to increase the silver resource of the Castle East leases. The initial resource was focused on only developing a high-grade resource using narrow intercepts of under half a meter. While this provided a very high-grade resource, Nord is now finding that by increasing the mineralized intercept width, more silver may be added to the final resource.

In addition to confirming a potential five more vein structures – adding to the five already discovered – the Preliminary 3D Model is also being used to evaluate the size of the mineralized intercept to be taken for assay and the drilling pattern used when wedging off the master drill hole. The Company has been using wedge drilling whereby one master hole is drilled and up to 5 holes can be wedged off the master hole in different directions. This gives the Company a better understanding of the vein orientation and grade along the vein. This drill pattern also saves on drilling costs by allowing multiple intercepts on one vein without drilling through the same rock from surface. Examples of wider widths and grades are shown below. More will be reported when compiled.

Drill hole CS-21-72: 566.24 grams per tonne over 2.35 meters. The wider width has 89 percent more silver contained over the mineralized zone. Originally reported as 975.57 grams per tonne over 0.72 meters at 696.98 meters.

Drill hole CS-21-61W1: 174.42 grams per tonne over 3.65 meters. The wider width has 21 percent more silver contained over the mineralized zone. Originally reported as 807.48 grams per tonne over 0.65 meters at 470.35 meters downhole.

Frank J Basa, B.Eng., President and CEO, comments: “Increasing the intercept width added on average 55 percent more silver along the mineralized zone in these particular holes. This is in line with what was expected by including the slightly lower adjacent silver grades. This will potentially add to our final resource ounces. ”

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About Nord Precious Metals Mining Inc.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometers of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Advanced Application and Procedure for Recovery Permit Received

The Company is pleased to report that the Ontario Ministry of Mines has delivered an advanced template and 80-day fast-track pathway for the Company’s Recovery Permit Application. Formal submission is scheduled for July 1, 2025, and ministry officials have invited Nord to begin pre-filing meetings to ensure a smooth review. This step builds on years of metallurgical validation work confirming high-grade silver tailings and battery-metal recoveries at Castle and Beaver, and it signals the first move in a staged district program based on the Company’s gravity concentration and hydrometallurgical recovery methods, with full technical specifications to follow as each operational phase commences.

Frank J. Basa, B.Eng., President & CEO, remarked, “The ministry’s streamlined framework aligns with our disciplined plan to convert dormant resources into near-term cash flow while reinforcing our commitment to responsible mining. Our extensive pilot work and infrastructure investments position Nord to move quickly once permits are in hand.”

Key Permit Inclusions

– Legacy tailings reprocessing at Castle and Beaver sites, targeting both silver and critical metals recovery

– Retrieval of broken ore from Level 1 stopes prior to back-fill

– Back-fill with reprocessed tailings to stabilise crown pillars

Scope of the Upcoming Application

Many permit elements are optional at the district level. Nord will therefore apply to recover legacy tailings at the Castle and Beaver sites, including material that migrated onto Castle from an adjoining property, and to address waste rock stored in open stopes. These steps mirror the Company’s previously disclosed Phase 1: material recovery and Phase 2: tailings back-fill strategy and require no Closure Plan under Ontario’s amended Mining Act section 152.1. The filing will also reference, in principle, a modular, closed-loop processing circuit that can be deployed promptly once approvals are in hand, ensuring a seamless transition from permit to processing.

Processed tailings will be returned underground as engineered back-fill, stabilising the workings and enabling future mining. The first-level adit has already been refurbished and converted to trackless haulage, during which crews identified broken high-grade material left behind in the stopes by earlier operations. Nord plans to treat that high grade material at the Temiskaming Testing Labs gravity plant, building on the Company’s successful production of a 1,000-ounce silver bar and battery-grade cobalt sulfate from similar material.

Value Creation and Next Steps

Nord’s integrated hub-and-spoke model aims to unlock three concurrent revenue streams: underground broken ore, surface stockpiles, and historic tailings. The Company’s approach integrates gravity separation for silver recovery with advanced hydrometallurgical processing for critical metals, including cobalt, nickel, and manganese.

The Company will meet with ministry officials in June and will issue a further update once the application is formally accepted. Additional announcements, including a district development timeline, are planned following permit acceptance.

About Nord’s Processing Infrastructure

Nord operates the only permitted mineral processing and analytical facility in the Cobalt-Gowganda Camp through its Temiskaming Testing Labs (TTL) facility. The Company has invested significantly in gravity concentration equipment and metallurgical expertise, positioning it as the district’s central processing hub for both newly mined material and historic tailings.

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About Nord Precious Metals Mining Inc.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometers of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

Crews Mobilized for Pre-Production Tailings Site Development at Castle High-Grade Silver Mine

The Company is pleased to report that the Company has mobilised field crews and earth-moving equipment to its historic Castle Silver Mine tailings complex, thereby initiating the first phase of a staged plan to begin seasonal silver-dominant production in 2026. The work centres on pad preparation and road upgrades ahead of installing a gravity circuit that will recover silver along with cobalt, nickel and other critical metals from multiple legacy tailings deposits across the 63 km² property.

Management Commentary

Frank J. Basa, B. Eng., CEO, commented: “With a modular unit design, an 80-day permit window, and tailings grades that household-name mines would envy, the potential to generate cash flow becomes viable while erasing a century-old environmental liability. It’s mining in reverse, and our First Nations and local communities will see the benefits first.”

Key Highlights

– Site works: pads and access roads will be cleared at the Miller Creek tailings pad and the newly identified Castle West coarse-tailings pile, both within 400 m of the historic headframe.

– Proven grades: drill and metallurgical test work show to date: payable silver, as cobalt, copper, and nickel credits add further value.

– Low-carbon plant design: gravity modules arrive pre-assembled in ISO containers and sit on crushed-rock pads, no concrete, rebar or CO₂-intensive foundations, allowing for reuse, removal and full reclamation once processing is complete.

– Fast-track permitting: Ontario’s Ministry of Mines has invited Nord to file its 80-day Recovery Permit application under s. 152.1 of the Mining Act; submission is scheduled for after July 1, 2025. (See Nord’s June 2, 2025 news release for details on the Ontario Government’s new recovery permit application process).

– Commissioning timeline: on-site wet commissioning in Q3 and full seasonal processing from July 2026 onward (weather-dependent).

– ESG & First-Nations focus: the program will remove legacy tailings, proposed back-fill underground stopes with benign material, and establish long-term environmental monitoring and training roles in partnership with regional Indigenous communities.

Building on Nord’s management established track record of sustainable development, this initiative represents the Company’s most ambitious environmental remediation program to date, transforming century-old mining liabilities into both economic opportunity and ecological restoration.

Current sampling and metallurgical test work has been completed on the tailings (see Company news release September 16, 2024) and will continue during the tailing processing. Note that this decision to move forward with processing the tailings has not been based on a feasibility study of mineral reserves demonstrating economic and technical viability. Because a feasibility study hasn’t been completed, there’s a greater chance that the project might encounter unforeseen technical or economic challenges during the production process. This could include issues with the variability in grade within the tailings deposit, processing methods, or costs, which could impact the project’s potential profitability.

Low-Cost, High-Impact Build

Nord will provide a technical update on metallurgical performance and circular-economy metrics in a separate release summarizing its presentation at the MICA Network Tailings Workshop on June 12, 2025.

About Nord’s Processing Infrastructure

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About Nord Precious Metals Mining Inc.

Nord’s integrated processing strategy leverages the synergistic value of multiple metals. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals, while the Company’s proprietary Re-2Ox hydrometallurgical process enables production of technical-grade cobalt sulphate and nickel-manganese-cobalt (NMC) formulations. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize on both precious metals markets and the growing demand for battery materials.

The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometers of prospective ground near Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. is a Canadian silver developer operating in one of North America’s most storied mining districts — the historic Cobalt-Gowganda Silver Camp of northern Ontario. The company holds the Castle Mine property near Gowganda, which has already produced 9.5 million ounces of silver historically, as well as the Beaver Mine near the town of Cobalt. What sets Nord apart from most junior explorers is what it owns alongside its mineral ground: TTL Laboratories, the only permitted high-grade milling facility in the entire Cobalt Camp. That processing infrastructure is a genuine and hard-to-replicate strategic advantage in a district full of historic silver deposits that have no practical way to process their ore.

Nord is pursuing a dual-track strategy — active underground drilling at the Castle East discovery, where historical intercepts include values exceeding 89,000 g/t silver, while simultaneously advancing toward near-term revenue through the reprocessing of legacy silver-cobalt tailings left behind by a century of past mining. In January 2026, the company expanded its land package by acquiring four additional mining leases in the Gowganda Silver Camp from Battery Mineral Resources, adding an estimated 2.9 million ounces to its historic tailings resource and consolidating control over the most productive ground in the district. The acquisition closed March 31, 2026.

Drilling Program and High-Grade Results

Nord launched a 30,000-metre drill campaign at Castle East in December 2025, one of the most ambitious programs in the district in recent years. The campaign is designed to expand the existing historical resource — which includes a 2020 estimate of 7.56 million ounces of silver in Inferred resources at Castle East — and to establish the underground geometry needed to plan ramp access and a bulk sample for processing at TTL. By February 2026, over 2,100 metres of Phase 1 had been completed, with three holes returning silver-cobalt mineralization consistent with the multi-vein architecture modeled in the company’s 2025 3D geological reinterpretation.

The geological model underpinning the drill program is based on a comprehensive reinterpretation of over 75,000 metres of historical drilling data, identifying 29 discrete vein structures across the Castle East dataset. Prior campaigns at the property produced some of the highest-grade intercepts in the Cobalt Camp in recent memory, including values of 19,308 g/t and 89,853 g/t silver — numbers that reflect the exceptional bonanza-grade nature of Cobalt-style native silver veins. Assay results from the current program are pending and will be released on a rolling basis as they become available, providing multiple near-term catalysts for the stock.

Tailings Reprocessing: The Near-Term Cash Flow Play

The tailings reprocessing angle is what makes Nord genuinely different from a standard silver exploration story. The Cobalt-Gowganda district contains dozens of orphaned tailings deposits from over a century of past operations, many of which still carry economically meaningful silver grades. Nord’s own test work has produced striking results — one tailings pile returned concentrations of 786,809 g/t silver and 79 g/t gold in sampling, reflecting the extraordinary richness that characterizes historic Cobalt Camp mineralization. The company’s proprietary Re-2Ox hydrometallurgical process is designed to recover technical-grade cobalt sulfate and nickel-manganese-cobalt formulations alongside silver, creating a multi-metal recovery stream from material that currently sits as an environmental liability.

The regulatory pathway is in place. Ontario’s mineral recovery permit framework provides a faster-track approval process than a full mine permit, and Nord has been working directly with Ministry staff on an expedited timeline. With T Engineering now retained to advance the technical work and the Gowganda acquisition closed, the company has the land, the processing facility, the engineering support, and the regulatory momentum to make tailings reprocessing a reality in 2026. That creates a scenario relatively unusual in junior mining: an explorer with active high-grade drilling catalysts and a near-term path to generating its own revenue.

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