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Nord Files Year End Financials and Announces MCTO Status
Thenewswireยท 2025-07-15 01:15
Company Update - Nord Precious Metals Mining Inc. has filed its annual financial statements for the year ended December 31, 2024, along with the management discussion and analysis and CEO and CFO certifications, following a management cease trade order issued on May 1, 2025 [1] - The company is also required to file its Q1 interim financial statements for the three-month period ended March 31, 2025, and will continue to issue bi-weekly default status reports until the situation is resolved [2][3] Company Operations - Nord operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, focusing on high-grade silver discovery and strategic metals recovery [5] - The flagship Castle property covers 63 square kilometers and includes the Castle Mine, with drilling delineating 7.56 million ounces of silver in inferred resources averaging 8,582 g/t Ag (250.2 oz/ton) [5] - The company's integrated processing strategy supports the recovery of high-grade silver while also extracting critical minerals such as cobalt and nickel, utilizing a proprietary hydrometallurgical process for producing technical-grade cobalt sulfate and nickel-manganese-cobalt formulations [6] Strategic Positioning - Nord maintains a strategic portfolio of battery metals properties in Northern Quebec, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project, which spans 260 square kilometers near Cochrane, Ontario [7]