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

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Nord Precious Metals Secures Original Technical Team to Update Historic Silver Tailings Resource at Gowganda

GeoVector Management Inc., author of the 2011 NI 43-101 resource estimate, retained with two of three original Qualified Person authors and all original modelling data; cumulative drill database exceeds 860 holes across the consolidated Castle-Gowganda land package

Cobalt, ON – May 19, 2026 – TheNewswire – Nord Precious Metals Mining Inc. (“Nord” or the “Company”) (TSXV: NTH, OTCQB: CCWOF, FSE: QN3) has retained GeoVector Management Inc. (“GeoVector”) of Ottawa, Ontario to complete an updated Mineral Resource Estimate (“MRE”) and supporting NI 43-101 Technical Report for the Gowganda Silver Tailings, concurrent with confirmatory metallurgical testwork now underway on tailings samples collected from the deposit. The engagement follows the Company’s strategic acquisition of adjacent leases and its recent review of the historic Kilborn feasibility study confirming the production economics of the district’s tailings deposits.

“They built the original model. They retain the data and two of the three original authors. There is no substitute for that kind of institutional continuity,” stated Frank J. Basa, P.Eng., President and CEO. “The Kilborn study confirmed the metallurgy. The 2011 GeoVector report confirmed the resource. Now the same team that built the original block model will update it with 15 years of additional data across a consolidated land package that did not exist when they last worked the property. This district produced over 60 million ounces of silver and was shut down because the price did not justify continued operations. What has changed is the economics.”

Historical Resource Context

The historical Mineral Resource Estimate for the Gowganda tailings was prepared by Joe Campbell, P.Geo., Alan Sexton, P.Geo., M.Sc., and Allan Armitage, Ph.D., P.Geo. of GeoVector Management Inc. and is documented in a technical report titled Technical Report on the Gowganda Silver Project Including a Resource Estimate of the Surface Tailings Deposit, Gowganda, Ontario, Canada, dated July 8, 2011, prepared for Temex Resources Corp. in accordance with NI 43-101. The report is available on SEDAR+.

The 2011 estimate established a historical Indicated Mineral Resource of approximately 1,940,000 tonnes grading 47.5 g/t silver for approximately 2,960,000 contained ounces of silver at a 10 g/t silver cut-off grade. The resource was estimated using inverse distance squared interpolation of 1.5-metre composites (2,504 composites from 2,039 assay values) from 764 auger, drive pipe, and sonic drill holes totalling 3,012 metres, drilled in three campaigns (1981, 1986-1987, and 2000). A block model with 4 m x 4 m x 1 m blocks was constructed. A specific gravity of 2.12 t/m³ was applied based on 11 representative samples. No grade capping was applied. The search ellipse was set at 42 m x 42 m x 3 m for the Indicated category.

The Indicated category used in the 2011 estimate was defined in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (2005). The Indicated category as defined in the 2005 CIM standards is substantively equivalent to the Indicated Mineral Resource category under the current CIM Definition Standards (2014).

The Company considers the historical estimate to be reliable because it was prepared by three independent Qualified Persons in accordance with NI 43-101, based on an extensive drill database of 764 holes with assay data verified against historic drill logs and assay certificates by the report authors. The estimate is relevant because it provides the technical foundation for the Company’s planned resource update and informs the evaluation of the Gowganda tailings reprocessing opportunity.

The Company is not aware of any more recent mineral resource estimate for the Gowganda tailings. The 2011 GeoVector estimate is the most recent NI 43-101 compliant estimate. Subsequent to 2011, Battery Mineral Resources completed 103 additional sonic drill holes totalling 800 metres with multi-element sampling, the results of which have not been incorporated into a resource estimate.

The Company has engaged GeoVector Management Inc. to complete the work necessary to verify and potentially upgrade the historical estimate to a current mineral resource. This work will include compilation and validation of all drill data (including the post-2011 Battery Mineral Resources drilling), a site visit with QAQC control sampling, geostatistical analysis, construction of an updated block model incorporating data from the consolidated Castle-Gowganda land package, resource classification in accordance with current CIM Definition Standards, and preparation of an NI 43-101 compliant Technical Report. Completion is expected in the second half of 2026.

A qualified person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as a current mineral resource. The Company is not treating the historical estimate as a current mineral resource.

GeoVector Management Inc.

GeoVector retains all original modelling data from the 2011 estimate. Two of the three original Qualified Person authors remain with the firm:

Joe Campbell, BSc, P.Geo. Senior Geologist and Technical Reviewer. Over 40 years of experience in major projects, including the Meliadine Gold project (now operated by Agnico Eagle). Past President, Executive Chairman, and COO of Gold Terra (previously TerraX). Co-author of the 2011 Gowganda Silver Tailings Technical Report.

Duncan Studd, MSc, P.Geo. VP Data & Resources. Duncan has 15 years of experience in geological modelling and resource estimation. Primary modeller and/or QP on mineral resource estimates across Ontario, NWT, Yukon, Quebec, and Mexico. Registered P.Geo. in Ontario, NWT/Nunavut, Quebec, and Newfoundland.

GeoVector has been active in Northern Ontario metals exploration for nearly 25 years, with a significant history in the Gowganda Camp. The firm’s recent clients include Aris Mining, Gold Terra, Goldshore, Power Metallic, and SGS Resources Canada.

Figure 1: Grade-Tonnage Sensitivity (2011 Historical Indicated Resource)

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The historical resource is notably stable from 5 to 20 g/t cutoff: approximately 1.94M tonnes and 2.96M contained ounces of silver. Source: GeoVector Management Inc., 2011.

Scope of the Updated Resource Estimate

The update will integrate all available drill data, including 103 sonic drill holes completed by Battery Mineral Resources with multi-element sampling, across the now-consolidated land package. GeoVector has confirmed that the adjacency of Nord’s Castle property requires the updated report to incorporate geological data from the broader consolidated holdings, reflecting the full extent of Nord’s position for the first time. The cumulative drill database exceeds 860 holes and 3,800 metres, representing one of the most extensively sampled tailings deposits in Northern Ontario.

A site visit will be conducted during the engagement, at which time GeoVector may collect control samples for QAQC purposes. No new sampling program is required as a condition of the update. The updated MRE is expected to follow CIM Best Practices and comply with all NI 43-101 disclosure requirements.

Figure 2: Drill Hole Locations Across the Gowganda Tailings Deposit

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Location of auger, drive pipe, and sonic drill holes across the tailings deposit, colour-coded by campaign year (1981, 1986, 1987, 2000). The cumulative database exceeds 860 holes. Source: GeoVector Management Inc., NI 43-101 Technical Report, 2011.

Building on Four Decades of Technical Work

As detailed in the Company’s recent review of the 1987 Kilborn Limited feasibility study, the Gowganda tailings have been the subject of sustained investigation by firms of recognized standing: Watts, Griffis and McOuat (1981), Kilborn Limited (1987), Sandy K Mines (2000), GeoVector/Temex (2011), and Battery Mineral Resources (post-2011). Each confirmed the resource and the metallurgy. Multiple independent test programs have returned silver recoveries in the 80-87% range across cyanide leaching, gravity concentration, and thiosulfate leaching routes. The year-2000 sonic drill program in the core area returned grades 40% above the deposit-wide average, suggesting the earlier resource may have been underestimated.

Figure 3: Kilborn Seven-Year Production Grade Schedule (1987)

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Recovered ounces at 85% metallurgical recovery, declining from 382,500 in Year 1 to 191,250 in Years 6-7. Approximately 2 million total recoverable ounces over the mine life. Source: Kilborn Limited, 1987.

The retention of GeoVector, with the original modelling data and two of three original authors, ensures continuity of the technical record as the Company advances toward a current mineral resource estimate and an updated recovery permit application.

Convergence of Price, Permitting, and Consolidation

Each successive operator held a technically sound asset constrained by silver prices that did not support the capital commitment required. The Kilborn study modelled returns at US $6 to $12 per ounce. Nord’s position is differentiated by a silver price that has fundamentally repriced the district’s economics, the first-ever consolidation of the principal tailings and infrastructure under a single operator, and an Ontario permitting framework that provides a defined pathway for recovery permits at historic mine sites (see September 2025 permitting release). The Gowganda Camp produced over 60 million ounces of silver between 1910 and 1972. Operating in the district requires institutional knowledge, established community relationships, and functional infrastructure. Nord maintains TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp.

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. The Company’s 63 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 (see January 5, 2026 acquisition release).

The Castle East discovery hosts a historical Inferred Mineral Resource of 7.56 million ounces of silver grading 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. This estimate is documented in a technical report titled NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, authored by M. Rachidi, P.Geo., Ph.D. of GoldMinds Geoservices Inc., prepared for Nord Precious Metals Mining Inc. in accordance with NI 43-101 (see May 27, 2020 press release).

The Castle East resource was estimated using a minimum true width of 0.30 metres and a cut-off grade of 34.29 g/t Ag based on underground mining assumptions. Grade interpolation was conducted using the inverse distance weighting method. The estimate was constrained by 3D wireframe models of the mineralized zones. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Inferred Mineral Resource category used in the 2020 estimate was defined in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (2014), which are the current CIM Definition Standards.

The Company considers the historical estimate to be reliable because it was prepared by an independent Qualified Person in accordance with NI 43-101 and CIM standards, based on diamond drilling data from the Company’s Castle East exploration program. The estimate is relevant because it characterizes the known high-grade silver mineralization at Castle East and informs the Company’s ongoing exploration program, which aims to expand the known mineralization.

The Company is not aware of any more recent mineral resource estimate for the Castle East Robinson Zone. The 2020 estimate is the most recent NI 43-101 compliant estimate. Subsequent drilling has been conducted but the results have not been incorporated into an updated resource estimate.

The above resource is now considered a historical 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. Significant additional diamond drilling and analytical work, along with geological modelling, is required before a new resource estimate can be compiled.

The Gowganda leases host a historical Indicated tailings resource as described in the body of this news release. Full disclosure of the historical estimate, including source report citation, parameters, reliability, relevance, category comparison, and required verification work, is provided under “Historical Resource Context” above.

Nord’s integrated processing strategy enables multiple metal recovery streams including cobalt, nickel, and other strategic metals via the Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield. The Company maintains a 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS).

More information: www.nordpreciousmetals.com

For further information please contact:

Frank J. Basa, P.Eng.

Chief Executive Officer | 416-625-2342

Wayne Cheveldayoff

Corporate Communications | 416-710-2410 | waynecheveldayoff@gmail.com

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements” involving known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from anticipated results. Forward-looking statements include statements regarding: the potential for silver and critical minerals recovery from tailings; anticipated scope, timeline, and results of the updated mineral resource estimate; anticipated benefits of land consolidation; historical feasibility parameters; the Company’s ability to obtain required permits; and anticipated metallurgical testwork results.

Although the Company believes the forward-looking information is reasonable, by their nature forward-looking statements involve assumptions, risks and uncertainties including general economic conditions, commodity price fluctuations, the Company’s ability to access capital, and regulatory developments.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND IS SUBJECT TO CHANGE AFTER SUCH DATE. THE COMPANY DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION EXCEPT AS REQUIRED BY APPLICABLE LAWS.

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.

Nord Reviews Historic Feasibility Study: 325,000 Ounces of Silver Per Year Production Over Seven Years at Gowganda

1987 Kilborn Limited study documents approximately 2 million recoverable ounces at 85% metallurgical recovery, 1,000 TPD process design, and financial projections at US $6 to $12 per ounce silver, a fraction of current prices; Company begins confirmatory metallurgical testwork and updated resource estimate

Cobalt, ON – TheNewswire – May 11, 2026 – Nord Precious Metals Mining Inc. (“Nord” or the “Company”) (TSXV: NTH, OTCQB: CCWOF, FSE: QN3) has identified and reviewed a publicly available feasibility study completed by Kilborn Limited in April 1987 for the re-milling of the silver tailings deposits on what is now Nord’s Castle-Gowganda property. The full report is publicly available here.

“The Kilborn report is the product of serious engineering by a firm whose work is still referenced across Canada’s major mining camps. It answers the question every investor asks: can you process this material at scale? The answer, across every independent test program conducted over four decades, is yes,” stated Frank J. Basa, P.Eng., President and CEO. “Kilborn modelled returns at six to twelve dollars per ounce. Every previous operator held a sound technical position in an unsound price environment. That condition has reversed.”

Highlights

• Daily processing of 1,000 tonnes of tailings per day. Seasonal operation of 8 months per year (225,000 tons per year).

• Annual gross silver production of approximately 325,000 ounces for 7 years, yielding approximately 2 million recoverable ounces at 85% metallurgical recovery over the mine life.

• Silver recoveries of better than 85% attainable with sufficient grinding and leach retention time, confirmed by multiple independent test programs spanning four decades.

• Financial projections at US $6, $8, $10, and $12 per ounce silver. At $12, Kilborn projected a 49.3% internal rate of return.

About Kilborn Limited

Kilborn Limited was founded in 1947 by Roland Kenneth Kilborn, whose contributions to the Canadian mining industry led to his induction into the Canadian Mining Hall of Fame. The firm, which at its peak employed 1,200 professionals with annual revenues exceeding $125 million, designed and built many of Canada’s most significant mining operations, including projects in the Hemlo gold camp, the Goldstrike and Meikle operations in Nevada, and more than 60% of Canada’s potash refinery capacity. Kilborn also developed the pressure oxidation process in cooperation with Barrick Gold. The firm was acquired by SNC-Lavalin in 1996. The Gowganda study was prepared with contributions from Witteck Development Inc. (metallurgy), SENES Consultants Limited (environment), and Markham Data Incorporated (financial analysis).

Key Findings of the 1987 Feasibility Study

Resource base: Approximately 1,827,000 tons of proven tailings reserves at 1.43 oz/t Ag, established through 764 drill holes across three campaigns (1981, 1986-87, 2000).

Process design: Standard cyanide leach with Merrill-Crowe recovery. 1,000 TPD capacity over an eight-month seasonal window (225,000 tons/year), yielding a seven-year production life. Silver precipitation at 98.9% efficiency.

Metallurgical recovery: Better than 85% silver attainable. Additional grinding (450-500 HP vs. 250 HP) increased extractions to 86-87%; the leach extraction curve flattened at approximately 35 hours retention time.

Capital cost: CDN $4.5M (1987 dollars, ±20%). Designed for used reconditioned equipment, local non-union labour, seasonal open-air operations, and wood-frame construction from local lumber.

Operating cost: CDN $1.255M/year (labour $555K, power $265K, reagents $345K, environmental $30K, insurance $50K).

Figure 1: Isometric View of the Gowganda Tailings Deposit

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Isometric view looking north, showing the Gowganda tailings deposit and drill hole locations. Source: GeoVector Management Inc., NI 43-101 Technical Report, 2011.

Production Grade Schedule

Kilborn applied a declining head grade model, reflecting the planned sequence from accessible higher-grade deposits to lower-grade material:

Year	Tons	Grade (oz/t)	Gross Ag oz	Recovered (85%)
1	225,000	2.00	450,000	382,500
2-3	225,000/yr	1.75	393,750/yr	334,688/yr
4-5	225,000/yr	1.50	337,500/yr	286,875/yr
6-7	225,000/yr	1.00	225,000/yr	191,250/yr
Total	1,575,000	1.43 avg	~2,363,000	~2,008,000

~252,000 tons below 1.0 oz/t excluded from schedule. Source: Kilborn Limited, 1987.

Financial Sensitivity to Silver Price

Kilborn modelled project economics at four silver price scenarios. At the higher capital cost assumption of $4.7 million:

Silver (US$/oz)	Capital (CDN)	IRR	NPV at 15%
$6	$4.7M	7.8%	($618K)
$8	$4.7M	24.7%	$767K
$10	$4.7M	37.3%	$1,586K
$12	$4.7M	49.3%	$2,257K

Source: Kilborn Limited, 1987. All costs in 1987 Canadian dollars. NPV at 15% discount rate. These historical projections are for informational purposes only and do not constitute current economic assessments. No current feasibility study, PEA, or scoping study has been completed on the tailings deposit.

Figure 2: Kilborn IRR Projections vs. Current Silver Price

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Kilborn modelled returns at US $6 to $12 per ounce. Current silver prices are shown for context. Source: Kilborn Limited, 1987.

A Converging Technical Record: Four Decades of Independent Validation

The Kilborn study is the earliest layer in a four-decade accretion of independent technical work. Each program was conducted by a different firm using a different methodology, and each confirmed the fundamental amenability of the Gowganda tailings to processing at commercially relevant recoveries:

1981, Cyanide leaching (WGM/Lakefield Research): 82% recovery at 48 hours on three composite samples. Silver precipitation via zinc dust at 98.9% efficiency. WGM was one of Canada’s most respected independent mining consultancies, operating continuously since 1962.

1987, Cyanide leaching (Kilborn/Witteck): 85%+ recovery confirmed with optimized grinding, establishing the parameters for the feasibility study.

1999-2000, Gravity concentration (Lakefield Research; Process Research Associates): Confirmed higher-grade silver concentrated in the +100 mesh fraction. Gold recovery of 100% at 0.17 g/t Au noted as a potential by-product credit.

2000, Grade confirmation (Sandy K Mines): Core-area sonic drilling returned approximately 2.0 oz/t Ag, 40% above the deposit-wide average, suggesting the earlier resource was underestimated by a minimum of 25%.

2006-07, Thiosulfate leaching (Temex/Metsolve): 80%+ silver recovery via halide oxidant pre-treatment, providing a non-cyanide alternative. Silver cementation at 97-99% efficiency.

2011, NI 43-101 resource estimate (GeoVector for Temex): Integrated all 764 drill holes into a modern block model. Indicated resource of 1.94M tonnes at 47.5 g/t Ag for approximately 2.96M contained ounces. The full report is available on SEDAR+.

The consistency of recovery results (82% in 1981, 85%+ in 1987, 80%+ in 2007) across different firms, methods, and decades provides meaningful confidence in the deposit’s processing characteristics.

Why Prior Operators Did Not Advance to Production

The Kilborn study was completed in April 1987 with silver near US $6. The metal remained in the $4-6 range through the 1990s. Temex commissioned the 2011 resource update during a brief spike to $49 but could not advance through the subsequent price collapse. Battery Mineral Resources drilled additional holes but did not proceed to economic assessment. In each case, the technical work was competent and the resource was confirmed. The price did not cooperate.

Beyond price, prior operators contended with fragmented land positions that limited project scale. Nord’s consolidation of 225 hectares adjacent to the Castle leases unifies the principal tailings and infrastructure under a single operator for the first time. Ontario’s current recovery permit framework and the Company’s existing infrastructure, including TTL Laboratories and established relationships in the Gowganda and Cobalt camps, provide operational advantages unavailable to prior holders (see September 2025 permitting release).

Tailings Reprocessing: An Emerging Asset Class

The reprocessing of historic mine tailings is increasingly recognized as a distinct development pathway, combining pre-drilled, metallurgically characterized material with the potential for environmental remediation. In recent years, tailings reprocessing projects in established mining jurisdictions have attracted development finance institution backing, delivered preliminary economic assessments with compressed capital payback periods, and advanced to construction and production. The sector offers a differentiated risk profile: pre-existing drill data, known metallurgy, surface-accessible material, and alignment of resource extraction with environmental rehabilitation. Nord’s Gowganda tailings, with their extensive four-decade drill database and multiple independent metallurgical confirmations, are well positioned within this emerging thesis.

Next Steps

The Company has engaged GeoVector Management Inc. to update the 2011 historic mineral resource estimate across the consolidated Castle-Gowganda land package. Tailings samples have been taken to begin metallurgical testwork to confirm the 1987 results under current standards. The Company will also be submitting a revised application for a Recovery Permit. The updated Mineral Resource Estimate and supporting NI 43-101 Technical Report are expected in the second half of 2026.

Important Cautionary Note

The 1987 Kilborn feasibility study predates NI 43-101 and should not be relied upon as a current economic assessment. Capital and operating costs are in 1987 Canadian dollars and would require significant revision. No current feasibility study, PFS, PEA, or scoping study has been completed. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Historical metallurgical results are presented as part of the technical record; additional testwork is underway to confirm these results under current standards.

Qualified Person

About Nord Precious Metals Mining Inc.

The Castle East discovery has delineated 7.56 million ounces of silver in a now historic, Inferred resource grading 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes from the Castle East Robinson Zone (NI 43-101 Technical Report, effective May 28, 2020; see press release). Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Gowganda leases host an 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 at a 10 g/t cut-off (GeoVector Management, 2011). The historical estimate has not been verified as a current mineral resource and the Company is not treating it as such.

More information: www.nordpreciousmetals.com

For further information please contact:

Frank J. Basa, P.Eng.

Chief Executive Officer | 416-625-2342

Wayne Cheveldayoff

Corporate Communications | 416-710-2410 | waynecheveldayoff@gmail.com

Forward-Looking Statements

Bonanza-Grade Silver Returns to the Cobalt Camp as One Junior Pulls 9,510 g/t and Funds the Next 5,000 Metres

A high-grade assay inside a broader silver-cobalt envelope, a new pierce point at the intersection of two major vein structures, and a fully funded next phase position one Cobalt-Gowganda explorer for a heavy news flow summer.

COBALT, Ontario, May 04, 2026 (GLOBE NEWSWIRE) — Canada News Group News Commentary — Silver’s run into the high $70s has revived a question the market has not had to take seriously in more than a decade: where do the next high-grade ounces actually come from? With silver trading around $78 per ounce and the Silver Institute pegging the 2026 shortfall at 46.3 million ounces — a sixth consecutive deficit year — investors are scanning the explorer universe for the kind of grades that move the needle on project economics, not just press releases.

That backdrop frames today’s update from Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3), which reported assay results from hole CS-26-129W2 at its Castle East project in Ontario’s historic Cobalt-Gowganda district. The headline number: 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres, including a 0.30-metre interval grading 9,510 g/t silver (277.6 oz/ton) with 3,460 ppm cobalt. The intercept sits inside a broader mineralized envelope carrying elevated cobalt, nickel, copper, and zinc — the five-element vein assemblage that defined the Cobalt Camp historically and that increasingly matters in a market where critical minerals supply is itself a thesis.

Nord also disclosed a new mineralized intercept in hole CS-21-73W1, a wedge drilled from a 2021 parent hole. At 501.90 metres downhole, the drill cut a calcite vein hosting native silver with plumose texture alongside strong cobalt arsenide mineralization, with additional mineralized intervals logged between 467 and 518 metres. The hole was designed to test the modelled intersection of two distinct vein structures, and represents the most southeastern pierce point at that intersection — extending the known footprint of the Castle East system. Assays are pending.

To translate the operational news, the Company has commenced a fully funded 5,000-metre drilling phase, continuing its ongoing 30,000-metre program at the recently enlarged Castle–Gowganda Property. Phase I completed approximately 3,500 metres and confirmed the structural model developed by Ronacher McKenzie Geoscience from 75,000 metres of historical data, which identified up to 29 discrete vein targets. The current phase is designed to keep testing those modelled structures with the dual objective of expanding the silver footprint and delineating the critical minerals endowment alongside it.

A few details worth noting for context. The Castle East Robinson Zone hosts a historic Inferred mineral resource of 7.56 million ounces of silver grading an average of 8,582 g/t Ag (250.2 oz/ton) across 27,400 tonnes from two sections, beginning at a vertical depth of approximately 400 metres (per the May 2020 NI 43-101 Technical Report). The newly acquired leases additionally 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 at a 10 g/t cut-off (GeoVector Management, 2011). Both the 2020 resource and the 2011 tailings estimate are considered historical; significant additional drilling, sampling, and modelling is required before either can be classified as a current mineral resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Nord also operates TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp, and the SGS Lakefield-validated Re-2Ox hydrometallurgical process — built to handle the arsenic that has historically complicated complex silver-cobalt ores while producing technical-grade cobalt sulphate. That integrated processing footprint matters: it is what allows a high-grade silver discovery to potentially carry critical minerals byproduct credits into a production plan rather than leaving them stranded in an assay table.

In addition to the Castle-Gowganda complex, the Company maintains a 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) and the St. Denis-Sangster lithium project comprising 32 square kilometres near Cochrane, Ontario.

CONTINUED… Read the full article and stay updated on Nord’s developments here

In other news circulating around the silver and critical minerals sector:

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) reported that attributable silver production reached 22.8 million ounces — exceeding the company’s updated annual guidance range — with a record 7.3 million ounces produced in Q4 2025, boosted by the inclusion of the Juanicipio mine following the company’s US$2.1 billion acquisition of MAG Silver that closed in September 2025.

Pan American is among the world’s largest primary silver producers with operations across Peru, Mexico, Bolivia, Argentina, and Chile, anchored by its La Colorada mine and a 44% stake in Juanicipio (with Fresnillo holding the remaining 56% as operator). The company has guided to a Silver Segment all-in sustaining cost range of $15.75 to $18.25 per ounce for 2026.

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) reported its Q1 2026 production update on April 9, 2026, with 3.5 million ounces of silver and 34,341 ounces of gold produced from its four operating mines in Mexico. Management indicated that operations remain in line with guidance as the company continues to prioritize long-term growth investments, targeting 13.0 to 14.4 million ounces of silver in 2026 alongside a 266,000-metre drilling program.

First Majestic continues to advance its Jerritt Canyon asset in Nevada in preparation for a planned restart in the second half of 2027.

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) reported Q4 silver production of 2.03 million ounces — an increase of 146 percent year over year — following the integration of its Terronera mine in Mexico, which achieved commercial production in October 2025, and its acquisition of Compañia Minera Kolpa in Peru in May 2025 for total consideration of US$145 million in a combination of cash and shares.

Endeavour now operates two silver-gold mines in Mexico (Guanaceví and Terronera) along with the Kolpa silver mine in Peru, which also produces zinc, lead and copper, plus a portfolio of exploration projects that includes the advanced Pitarilla silver project.

Silvercorp Metals Inc. (NYSE American: SVM) (TSX: SVM) reported total silver production of approximately 1.9 million ounces in fiscal Q3 2026 ended December 31, with the majority sourced from the Ying Mining District.

In early February, the company announced that the construction budget for its El Domo project had been increased by US$44 million to US$284 million, with the largest single component a US$16 million increase tied to a VAT rate change in Ecuador. Silvercorp continues to advance the Kuanping satellite deposit, with minor development ore production expected to begin in June.

The convergence is hard to miss. Producers are reporting record output and prioritizing growth capital. Developers are pulling high-grade intercepts. And the macro backdrop — physical deficits, industrial demand from solar and EVs, and a price north of $78 — is doing what no marketing budget can: making bonanza-grade silver a story the market has to listen to. With a fully funded next phase, a structural model already validated against 75,000 metres of historical data, and assays still pending on a brand-new pierce point, Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) is set up for steady news flow into summer.

CONTINUED… For more information about Nord Precious Metals Mining Inc., visit Canada News Group’s profile here

CONTACT:

Canada News Group
info@canadanewsgroup.com
(604) 265-2873

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. CanadaNewsgroup.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.

Bonanza Silver Returns: 9,510 g/t Drill Hit Reframes a Cobalt-Gowganda Discovery as the Sixth Consecutive Deficit Year Tightens

Issued on behalf of Nord Precious Metals Mining Inc.

Companies Mentioned: Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3), Avino Silver & Gold Mines Ltd. (NYSE American: ASM), Americas Gold and Silver Corporation (NYSE American: USAS), Outcrop Silver & Gold Corporation (OTCQX: OCGSF), Argenta Silver Corp. (OTCQX: AGAGF)

Key Takeaways:

Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) reported assay results from hole CS-26-129W2 returning 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres at Castle East, including 9,510 g/t silver (277.6 oz/ton) over 0.30 metres with 3,460 ppm cobalt.
The Company has commenced a fully funded 5,000-metre drilling phase, continuing its 30,000-metre program at the recently enlarged Castle–Gowganda Property.
A new mineralized intercept in hole CS-21-73W1 cut native silver and cobalt arsenide mineralization at 501.90 metres downhole, extending the known Castle East footprint southeast; assays are pending.
Silver is trading near $78 per ounce against a sixth consecutive annual supply deficit, with the Silver Institute pegging the 2026 shortfall at 46.3 million ounces.
Castle East already hosts a historic Inferred resource of 7.56 million ounces of silver grading 8,582 g/t Ag, with newly acquired leases adding a historical indicated tailings resource of approximately 2,960,000 contained ounces.

TORONTO, ON, May 4, 2026 /PRNewswire/ — Equity Insider News Commentary — Silver’s structural deficit is no longer a debating point. Six consecutive years of supply running below demand, an estimated 46.3-million-ounce gap in 2026 alone, and a price north of $78 have shifted the conversation from whether the deficit persists to which projects can actually convert it into ounces. That puts a premium on grade — and on the operators who own the infrastructure to monetize it.

Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) reported assay results from hole CS-26-129W2 at its Castle East project in Ontario’s Cobalt-Gowganda district: 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres, with a 0.30-metre internal interval grading 9,510 g/t silver (277.6 oz/ton) and 3,460 ppm cobalt. Cobalt, nickel, copper, and zinc carry through the broader 1.85-metre envelope — the five-element vein assemblage that defined the Cobalt Camp historically and that is increasingly valued in a market where critical minerals supply has its own thesis.

The Company also disclosed a new mineralized intercept in hole CS-21-73W1, a wedge drilled from a 2021 parent hole and designed to test the modelled intersection of two distinct vein structures. At 501.90 metres downhole, the drill cut a calcite vein hosting native silver with plumose texture alongside strong cobalt arsenide mineralization. Additional mineralized intervals were logged between 467 and 518 metres. The hole represents the most southeastern pierce point at the intersection, extending the known Castle East mineralized footprint. Assays are pending.

Operationally, Nord has commenced a fully funded 5,000-metre drilling phase, continuing the broader 30,000-metre program at the recently enlarged Castle–Gowganda Property. Phase I completed approximately 3,500 metres and confirmed the structural model developed by Ronacher McKenzie Geoscience from 75,000 metres of historical data, which identified up to 29 discrete vein targets across the property. The current phase is designed to keep testing those modelled structures with the dual objective of expanding the silver footprint and delineating the critical minerals endowment alongside it.

“The 9,510 g/t silver result confirms what the core showed us in February: Castle East continues to deliver bonanza-grade silver in the style that defined this district historically,” said Frank J. Basa, P.Eng., President and CEO. “With Nord having title to all the area mining leases following the recent acquisition, we are testing structures that could not be drilled under fragmented ownership. Equally important is the new intercept in CS-21-73W1, which demonstrates that the vein system carries strong mineralization further southeast than previously drilled, and every metre we drill feeds directly into our planned resource update and will subsequently help define a production plan.”

Castle East already hosts a historic Inferred mineral resource of 7.56 million ounces of silver grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes from two sections of the Robinson Zone, beginning at a vertical depth of approximately 400 metres (NI 43-101 Technical Report, effective May 28, 2020). The newly acquired leases additionally 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 at a 10 g/t cut-off (GeoVector Management, 2011). Both estimates are historical; significant additional drilling, sampling, and modelling is required before either can be classified as a current mineral resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

What sharpens the discovery is what sits behind it. Nord operates TTL Laboratories — the only permitted high-grade milling facility in the Cobalt Camp — and the SGS Lakefield-validated Re-2Ox hydrometallurgical process, built to handle the arsenic typical of complex silver-cobalt ores while producing technical-grade cobalt sulphate. That integrated footprint is what allows a high-grade silver discovery to potentially carry critical minerals byproduct credits into a production plan rather than leaving them stranded on the assay table.

CONTINUED… Read the full article and stay updated on Nord’s developments here

In other news circulating through the silver-mining space:

Avino Silver & Gold Mines Ltd. (NYSE American: ASM) (TSX: ASM) reported first quarter 2026 production of 263,057 silver ounces, 1,851 gold ounces, and 1,343,654 pounds of copper from its operations in Mexico, where Avino has been a long-standing silver producer.

The company continues to operate the Avino Mine in Durango State, Mexico, with output coming from a combination of silver, gold, and copper concentrate production.

Americas Gold and Silver Corporation (NYSE American: USAS) (TSX: USA) announced its fourth major new discovery at the Galena Complex on April 30, 2026, identifying six new high-grade silver-copper-antimony veins.

Highlight intercepts included 1,392 g/t Ag, 1.5% Cu and 1.5% Sb over 1.9 metres, expanding the discovery profile around the recently identified 149 Vein. Galena, located in Idaho’s Silver Valley, is one of the most prolific silver-producing districts in the United States, and Americas has continued to add antimony — a separately critical mineral — to its production profile.

Outcrop Silver & Gold Corporation (OTCQX: OCGSF) (TSX: OCG) reported additional drill results on April 30, 2026 from the Guadual target at its 100%-owned Santa Ana silver project in Colombia.

The results confirm the continuity of mineralization within the principal structure and further define the geometry of mineralized shoots within the system, supporting Outcrop’s resource expansion strategy as silver-focused capital continues to flow toward Latin American projects with grade visibility.

Argenta Silver Corp. (OTCQX: AGAGF) (TSXV: AGAG) (FSE: T1K) reported assay results on April 28, 2026 from its ongoing 2025–2026 diamond drilling campaign at the El Quevar Project in Argentina.

Highlights included 1,385 g/t silver over 4.0 metres at the Mani-Copan target, alongside the discovery of a new high-grade silver zone at El Quevar — adding to a campaign that has steadily extended the project’s high-grade footprint across Argentina’s Salta Province.

The pattern is consistent across the developer side of the sector: the projects attracting attention in 2026 are the ones combining grade with continuity. With a fully funded 5,000-metre phase underway, assays pending on a fresh pierce point at the intersection of two major vein structures, and a processing footprint built specifically for the five-element ores of the Cobalt Camp, Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) is positioned to keep building news flow as the year’s drilling sequence continues.

CONTINUED… For more information about Nord Precious Metals Mining Inc., visit Equity Insider’s profile here

CONTACT:
EQUITY INSIDER
info@equity-insider.com
(604) 265-2873

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. Equity-Insider.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.

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Nord Precious Metals Reports 2,343 g/t (68 oz/ton) High-Grade Silver over 1.85 Metres at Castle East, Begins Fully Funded 5,000-Metre Drilling Phase

A higher-grade assay occurs within this broader silver-cobalt mineralized envelope; new wedge hole intersects silver-cobalt mineralization at junction of two major vein structures; critical minerals including cobalt, nickel, and copper accompany high-grade silver

Cobalt, Ontario – TheNewswire – May 4, 2026 — Nord Precious Metals Mining Inc. (“Nord” or the “Company”) (TSXV: NTH, OTCQB: CCWOF, FSE: QN3) is pleased to report the analytical results from hole CS-26-129W2, the previously disclosed high-grade silver intercept at Castle East for which core photographs were published in the Company’s February 24, 2026 news release. The Company has also commenced its fully funded 5,000-metre drilling phase, continuing its ongoing 30,000-metre drill program at the recently enlarged Castle–Gowganda Property.

Assay Results – Hole CS-26-129W2

Hole	From (m)	To (m)	Interval (m)	Ag (ppm)	Co (ppm)	Cu (ppm)	Ni (ppm)	Zn (ppm)
CS-26-129W2	482.35	484.20	1.85	2,343.70	549.86	289.19	251.62	63.51
including	482.35	482.85	0.50	1,450.00	30.00	270.00	180.00	50.00
including	482.85	483.35	0.50	562.00	40.00	320.00	170.00	100.00
including	483.35	483.65	0.30	9,510.00	3,460.00	470.00	620.00	50.00
including	483.65	484.20	0.55	867.00	50.00	180.00	190.00	50.00

Collar of hole CS-26-129 is located at 520988E 5279450N UTM NAD83, Zone 17 with 0370 Azimuth dipping at -610. Wedge 2 was placed at 258m downhole with Azimuth of 041.540 and dipping at -57.040. Vein intercepted at 483.35m is 6 cm true width.

The high-grade interval of 9,510 g/t Ag (277.6 oz/ton) over 0.30 metres occurs within a broader 1.85-metre mineralized envelope averaging 2,343.70 g/t Ag (68.4 oz/ton) with elevated critical minerals including cobalt, nickel, copper, and zinc throughout. While silver remains the principal commodity at Castle East, the consistent presence of these critical minerals alongside silver mineralization is characteristic of the five-element vein assemblage of the Cobalt-Gowganda district and may contribute meaningfully to future project economics. For further details on the original intercept and core photographs, please refer to the Company’s February 24, 2026 news release.

New Intercept – Hole CS-21-73W1

The Company is also pleased to report a new mineralized intercept in hole CS-21-73W1 (see photo below), a wedge drilled from a parent hole completed in 2021. The hole was designed to test an area modelled as an intersection between two distinct vein structures. Together with the original 2021 hole, this represents the most southeastern pierce point at the intersection of these two structures, extending the known mineralized footprint.

At 501.90 metres downhole, the drill intersected a calcite vein consisting of native silver with a plumose texture as well as strong cobalt arsenide mineralization. The silver and cobalt mineralization is uniformly distributed within the vein. Results will be reported when assays are received and reviewed.

Photo 1 – Calcite vein hosting native silver with cobalt arsenide mineralization

Additional mineralized intervals were logged between 467 and 518 metres, with calcite veins carrying cobalt arsenide mineralization at varying concentrations. These intervals confirm the persistence of silver-cobalt mineralization across a significant vertical extent in this portion of the Castle East vein system.

Photo 2 – Close-up of visually high-grade native silver and cobalt mineralization in hole CS-21-73W1 at 501.90 metres downhole

Drilling Update

The Company has commenced an additional fully funded 5,000-metre drilling phase, continuing its ongoing 30,000-metre drill program at the recently enlarged Castle–Gowganda Property. Phase I completed approximately 3,500 metres, confirming the structural model developed by Ronacher McKenzie Geoscience from 75,000 metres of historical data, which identified up to 29 discrete vein targets. The current phase will continue to test modelled structures with the objective of expanding the known mineralized zones, delineating critical minerals endowment alongside silver, and positioning future underground access for bulk sampling at the Company’s fully permitted high-grade mill in Cobalt, Ontario.

Upcoming catalysts: Assay results are pending for the new CS-21-73W1 intercept. Additional holes are planned as the current phase of drilling continues. The Company expects to provide further results as they become available.

Management Commentary

“The 9,510 g/t silver result confirms what the core showed us in February: Castle East continues to deliver bonanza-grade silver in the style that defined this district historically,” stated Frank J. Basa, P.Eng., President and CEO. “With Nord having title to all the area mining leases following the recent acquisition, we are testing structures that could not be drilled under fragmented ownership. Just one of the past-producing mines acquired produced approximately 40 million ounces of silver and has further potential for the discovery of high-grade mineralization using the current exploration model developed for Castle East. Equally important is the new intercept in CS-21-73W1, which demonstrates that the vein system carries strong mineralization further southeast than previously drilled, and every metre
we drill feeds directly into our planned resource update and will subsequently help define a production plan.”

QAQC:

The drilling campaign and the quality control program were planned and supervised by Laurentia Exploration Inc. All core in this program is HQ sized drill core. Core logging and sampling were completed by Laurentia Exploration Inc. The core samples were cut in two with a rock saw. One half was sent to the assay lab and the other half was retained as witness core. The quality assurance and quality control protocol includes the insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blanks, duplicates, and standards by Activation Laboratories Ltd. (Actlabs) during the analytical process. Silver values are determined by fire assay with a gravimetric finish (code 1A3-Ag), except for the sample L834176, which was analyzed by fire assay with metallic screening due to the presence of visible silver (code 1A4-Ag). Copper, zinc, cobalt, and nickel values are determined by sodium peroxide total fusion (code 8-Peroxide ICP-OES).

Qualified Person

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 63 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. 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. 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.

In addition to underground exploration targets, the newly acquired leases host an 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 at a 10 g/t cut-off (GeoVector Management, 2011, based on 764 drill holes totalling 3,012 metres). Subsequent work has been done indicating potential higher grades. A new technical report is required to compile and include all subsequent work. 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.

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.

Silver at $78 Meets a 9,510 g/t Drill Hit: How One Junior Is Pricing Into a Sixth Straight Deficit Year

Issued on behalf of Nord Precious Metals Mining Inc.

With silver up roughly 148% in 2025 and the structural deficit deepening, the question is no longer whether prices stay elevated — it’s which projects can actually deliver ounces. A new Cobalt-Gowganda intercept reframes the answer.

NEW YORK, May 4, 2026 /CNW/ — USA News Group News Commentary — The silver price chart has stopped being a curiosity and started being a thesis. After a roughly 148% gain through 2025 and continued strength into 2026, silver is trading near $78 per ounce against a backdrop the Silver Institute has now described as a sixth consecutive annual supply deficit, with the 2026 shortfall pegged at 46.3 million ounces. Industrial pull from solar, EVs, 5G, and semiconductors is widening the gap that mine output has not closed — and exploration budgets in the silver sector have not meaningfully expanded despite the price move, implying a structural supply constraint that higher prices alone will not quickly fix.

Against that setup, Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) reported assay results from hole CS-26-129W2 at its Castle East project in Ontario’s historic Cobalt-Gowganda district: 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres, including a 0.30-metre interval grading 9,510 g/t silver (277.6 oz/ton) with 3,460 ppm cobalt. The hole sits inside a broader mineralized envelope carrying elevated cobalt, nickel, copper, and zinc — the five-element vein assemblage characteristic of the Cobalt-Gowganda district and a feature that, in a market increasingly preoccupied with critical minerals, is more than a footnote.

The Company also reported a new mineralized intercept in hole CS-21-73W1, a wedge drilled from a 2021 parent hole. At 501.90 metres downhole, the drill cut a calcite vein hosting native silver with plumose texture alongside strong cobalt arsenide mineralization, with additional mineralized intervals logged between 467 and 518 metres. The hole was designed to test the modelled intersection of two distinct vein structures and represents the most southeastern pierce point at that intersection. Assay results are pending.

For context, Castle East already hosts a historic Inferred mineral resource of 7.56 million ounces of silver grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes from two sections of the Robinson Zone, beginning at a vertical depth of approximately 400 metres (NI 43-101 Technical Report, effective May 28, 2020). The newly acquired leases additionally 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 at a 10 g/t cut-off (GeoVector Management, 2011). Both estimates are historical; additional work is required before either can be classified as a current mineral resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

What gives the discovery its sharper edge is what sits behind the drill rig. Nord operates TTL Laboratories — the only permitted high-grade milling facility in the Cobalt Camp — and the SGS Lakefield-validated Re-2Ox hydrometallurgical process, which is built to handle the arsenic typical of complex silver-cobalt ores while producing technical-grade cobalt sulphate. In a market where silver byproducts and critical minerals supply are becoming increasingly intertwined investment narratives, that integrated footprint is doing real work.

Q&A: Putting the Numbers in Context

Q: How significant is a 9,510 g/t silver assay in the current market? A: Industry analysts have argued that a credible threshold for an “excellent” drill intercept in precious metals exploration is roughly 200 gram-metres. The Castle East intercept of 1.85 metres averaging 2,343.70 g/t silver translates to approximately 4,335 gram-metres — well above that threshold — with the 0.30-metre internal interval at 9,510 g/t pushing the high-grade core into bonanza-grade territory by any conventional definition.

Q: Why does the cobalt and nickel content matter if silver is the headline? A: The five-element vein assemblage of the Cobalt-Gowganda district means that high-grade silver intercepts there typically carry credits in cobalt, nickel, copper, and zinc — all categorized as critical minerals. With Nord operating an integrated processing capability via TTL Laboratories and the Re-2Ox process, those byproducts can potentially be recovered rather than left as a complication, which alters the economics of the deposit relative to a pure silver-only project.

Q: What is “bonanza-grade” silver, and how rare are these intercepts? A: There is no single regulatory definition, but the term is generally used in the industry to describe intercepts measured in thousands of grams per tonne — multiples above standard high-grade cutoffs. The historical Inferred resource at Castle East itself averages 8,582 g/t Ag, indicating the district has consistently produced grades well into bonanza territory. Most modern silver projects globally report grades two to three orders of magnitude lower.

Q: What is the relevance of the 5,000-metre fully funded phase? A: Capital availability is a defining constraint in junior exploration. A “fully funded” 5,000-metre phase removes financing risk for the next sequence of holes and lets the Company test additional modelled vein targets without simultaneously running a financing process. Combined with a 30,000-metre program plan, the funding visibility supports steady news flow rather than episodic catalysts.

Q: What are the near-term catalysts to watch? A: Assay results from the new intercept in CS-21-73W1 are pending. Additional holes are planned as the current phase of drilling continues. Management has indicated further results will be provided as they become available.

CONTINUED… Read the full article and stay updated on Nord’s developments here

The macro setup is also pulling capital toward established US-listed silver names with scale. Below are four operators investors are watching alongside the explorer story.

Hecla Mining Company (NYSE: HL) is the largest primary silver producer in the United States and Canada, founded in 1891 and producing more than 37% of all silver in the United States and 29% of all silver in Canada. Hecla’s portfolio of operating mines spans Greens Creek (Alaska) — one of the largest and lowest-cost primary silver mines in the world, which produced 8.7 million ounces of silver in 2025 — Lucky Friday (Idaho), and Keno Hill (Yukon, Canada). Hecla also positions itself as a leading U.S. critical mineral producer, mining lead and zinc alongside silver and gold.

Coeur Mining, Inc. (NYSE: CDE) reported record financial and production results for 2025, supported by the Rochester mine expansion and the SilverCrest Metals acquisition, which added the Las Chispas operation in Mexico. The Company’s portfolio also includes the Palmarejo silver-gold mine in Mexico, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota. In 2026, Coeur expects to invest approximately $500 million in sustaining and development capital projects, with ongoing leach pad expansions at Rochester and increased tailings capacity at Kensington designed to support longer mine lives.

AbraSilver Resource Corp. (OTCQX: ABBRF) (TSX: ABRA) reported new assay results on April 30, 2026, from its ongoing Phase VI drill program at the wholly-owned Diablillos project in Argentina, including 68.5 metres of 343 g/t silver — within which a 17-metre interval graded 917 g/t silver — demonstrating continuity of high-grade silver mineralization between the Oculto and JAC zones.

The result extends a sequence of high-grade hits at Diablillos and underscores the trend of investors paying up for projects that can demonstrate both grade and continuity in the current price environment.

Vizsla Silver Corp. (NYSE: VZLA) (TSX: VZLA) has continued to advance its 100%-owned flagship Panuco silver-gold project in Mexico. Reported intercepts include DDH-CAP-008B returning 1,800 grams per tonne silver equivalent over 3.80 metres true width, with a 0.93-metre interval grading 3,833 grams per tonne silver equivalent.

The company has held a US$220 million senior secured project finance mandate with Macquarie Bank as lead arranger, contributing to total financing capacity that — once finalized — was expected to approach US$720 million, sufficient to fund the Panuco project’s US$238.7 million pre-production capital requirements with substantial flexibility for district-scale exploration.

Put together, the current chapter of the silver market is being written in two languages: macro and metallurgical. The macro side — deficits, industrial demand, and a price north of $78 — is doing the work that pulls capital. The metallurgical side, where bonanza-grade intercepts and integrated processing meet historical district production, is what determines which projects actually move from headline to mine plan. With a fully funded next phase, assays still pending on the CS-21-73W1 intercept, and a structural model that has already converted historical drilling data into a target inventory, Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) is set up for a news cycle that runs through the summer.

CONTINUED… For more information about Nord Precious Metals Mining Inc., visit USA News Group’s profile here

CONTACT:
USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873

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.

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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

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.

Media Contact

USA News Group
info@USANewsgroup.com
(604) 265-2873

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SOURCE USA News Group

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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

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

About Nord Precious Metals Mining Inc.

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.

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

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.

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.

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 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.

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 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.

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.

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 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.

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 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.

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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.

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.

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.

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 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.

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 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.

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.

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.

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.

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.

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.

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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