Nord Precious Metals Consolidates Gowganda Silver Camp with Strategic Acquisition for Potential Near Term Silver Production

Core Viewpoint - Nord Precious Metals Inc. has entered into a definitive asset purchase agreement to acquire four mining leases in the Gowganda Silver Camp, significantly expanding its silver tailings resource by approximately 2.9 million ounces of silver at a time when silver prices are at record levels [1][2]. Transaction Details - The acquisition consolidates Nord's position in a historically significant silver-cobalt district in Ontario, which has recently implemented a new permitting framework and launched a $500 million Critical Minerals Processing Fund [1]. - The transaction involves a cash payment of $1,000,000, $1,250,000 in Nord shares at a deemed price of $0.284 per share, a 3.0% net smelter returns royalty, and deferred consideration of $3,750,000 over three years [9]. - The transaction is an arms-length deal with no finder fees, subject to certain closing conditions including approval from the TSX Venture Exchange [6]. Resource Information - The Gowganda camp has a historical mineral resource estimate indicating nearly 3 million ounces of silver in tailings, with a significant portion classified as Indicated [2][4]. - The resource estimate is based on extensive drilling and verification processes, ensuring confidence in the distribution of silver within the tailings deposit [3][4]. - The historical resource estimate is not currently classified as a current resource, and further work is required to confirm the original assays and assumptions in light of current metal prices [4]. Strategic Positioning - Nord operates TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp, which supports its integrated processing strategy for multiple metal recovery streams [10][12]. - The company's flagship Castle property has delineated 7.56 million ounces of silver in inferred resources, further enhancing its strategic position in the silver and critical minerals market [11]. - The integrated processing strategy aims to recover high-grade silver while also extracting critical minerals like cobalt and nickel, positioning Nord within Ontario's emerging critical minerals supply chain [12].