Vancouver, British Columbia — January 13, 2026 — Leads & Copy — Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) has provided 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 as silver prices reach 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.
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 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 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.
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, consolidating the most productive ground in the historical Gowganda Silver Camp.
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. 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.
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. Nord’s gravity concentration plant has been metallurgically validated for processing historic Cobalt Camp tailings. The Gowganda acquisition provides additional feed material for TTL’s processing operations.
Ongoing dialogue with the Ontario Ministry of Energy and Mines has clarified the regulatory pathway for district-scale tailings processing. The Company has received an advanced template and fast-track pathway for its Recovery Permit Application.
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 around US$50 per ounce have “renewed interest in mining around the town of Cobalt.”
On December 12, 2025, the Ontario government officially launched the $500 million Critical Minerals Processing Fund through Invest Ontario.
Frank J. Basa, P.Eng., President and CEO, stated that the acquisition consolidates Nord’s feed position across the district.
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 a 2011 technical report.
The technical information in this news release was approved and prepared under the supervision of Mr. Frank J. Basa, P.Eng., director of Nord Precious Metals.
Nord Precious Metals Mining Inc. operates TTL Laboratories and has established an integrated position connecting high-grade silver discovery with strategic metals recovery operations. 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.
For further information, contact Frank J. Basa, P.Eng., Chief Executive Officer, at 416-625-2342; or Wayne Cheveldayoff, Corporate Communications, at 416-710-2410 or waynecheveldayoff@gmail.com.
Source: Nord Precious Metals Mining Inc.
