Nord Precious Metals Mining (NPMMF) is advancing engineering and permitting for its Gowganda Silver Tailings Project alongside a proposed federal tax deduction.
The measure was not enacted as of September 26, 2026. It would permanently allow a 100% deduction for eligible equipment acquired on or after September 15, 2026, generally when available for use. Qualifying Canadian development expenses incurred from that date would also be fully deductible. Nord is defining processing equipment and water systems. September updates covered an updated mineral resource estimate, revised process parameters and plans to draw process water from underground mines.
Nord had C$29.925 million in consolidated non-capital tax-loss carryforwards at December 31, 2025. Eligibility of its expenditures has not been established. Commercial recovery remains subject to technical and economic work, financing and approvals, including separate water-taking and environmental approvals.
Nord Precious Metals Mining (NPMMF) outlined permitting and engineering progress for its planned 1,000 tonnes-per-day tailings reprocessing operation at Gowganda as of September 22, 2026. Process water for the plant is planned to be drawn from underground mines, requiring a Permit to Take Water (PTTW) and Environmental Compliance Approvals (ECAs) in addition to a Mineral Recovery Permit. An environmental consultant and process consultant are advancing groundwater and surface-water reviews, tailings stability screening, and detailed mass and water balances for a gravity-flotation circuit. Nord is targeting September 30, 2026 for a permitting completeness matrix and October 2026 for submission of the Mineral Recovery Permit application, aiming to establish Gowganda as an operating base for a wider regional silver-recovery business.
Nord Precious Metals Mining (NPMMF) reported an updated Indicated Mineral Resource for the Gowganda Silver Tailings Project in Ontario, effective August 1, 2026, of 1,845,000 tonnes grading 47.4 g/t silver for 2,814,000 ounces at a 10 g/t cut-off.
The resource covers Main Tailings, South Tailings and two outflow domains, modelled using inverse-distance-squared interpolation in Leapfrog Geo 2026.1.2 and a density of 2.12 t/m³. The base-case cut-off assumes a silver price of US$65/oz, operating costs of C$17/t and 81.6% silver recovery from historical testwork, used only to support reporting and not as an economic study. Nord plans further metallurgical studies, engineering and permitting, including a Mineral Recovery Permit application, to advance Gowganda toward a development decision. A supporting NI 43-101 technical report is being prepared by GeoVector for filing on SEDAR+ within 45 days.
Nord Precious Metals Mining (NPMMF) reported new ultra high‑grade silver-cobalt assays from wedge hole CS-26-140W1 at the Castle East project near Gowganda, Ontario.
The hole intersected three separate mineralized intervals between 404.20 m and 463.60 m downhole, including an upper interval grading 4,683 g/t Ag with 0.53% Co over 2.00 m, with subintervals of 20,676 g/t Ag with 1.16% Co over 0.30 m and 6,159 g/t Ag with 2.32% Co over 0.30 m. A lower corridor averaged 1,546 g/t Ag over 4.20 m, including 4,540 g/t Ag over 0.90 m and a peak of 10,414 g/t Ag with 0.72% Co over 0.30 m; a middle interval returned 1,560 g/t Ag over 0.30 m.
The three intervals span 59.4 m downhole and lie roughly nine to ten metres from prior high‑grade holes CS‑21‑92 and CS‑20‑43, contributing to Nord’s expanded Castle East geological model and integrated surface‑to‑depth evaluation of the Castle property.
Nord Precious Metals Mining (TSXV: NTH, OTCQB: NPMMF) announced that engineering firm Norda Stelo has completed a preliminary conceptual assessment of potential open-pit mining at the Castle East area of Nord's Castle property near Gowganda, Ontario. The work, commissioned via Laurentia Exploration, used the current geological model to identify areas for further modelling, data validation and drill targeting, focusing on broader, lower-grade near-surface silver-cobalt-gold mineralization around historic mine workings rather than only narrow high-grade underground veins.
According to Nord, the assessment does not define a mineral resource, mineral reserve, mine plan, development scenario or economic analysis and no quantitative results are being disclosed. Recommended next steps include updating the geological model, validating data, refining silver, cobalt and gold domains, prioritizing shallow targets and follow-up drilling, subject to financing, permitting and technical review.
Nord Precious Metals Mining (OTC:NPMMF) announced that Emerging Growth Research released a company-sponsored research report covering Nord’s silver exploration and development activities in Ontario’s historic Cobalt Camp. The report focuses on the Gowganda Silver Tailings Project, which has an estimated 2.96 million ounces of historic, non-compliant silver resources and is being advanced toward a NI 43-101 compliant mineral resource estimate within six months, followed by an economic study to support potential financing and development.
The research also highlights Nord’s control of more than 6,400 hectares, including five historic mines, multiple tailings deposits, and the high-grade Castle East deposit with a historic 7.5 million ounces of silver grading 8,582 g/t. Emerging Growth Research was paid US$25,000 by Nord for this research package and may receive additional compensation.
Nord Precious Metals Mining (OTCQB: NPMMF) reported July 2026 prospecting and stripping results from its Castle East property near Gowganda, Ontario. Surface work by Laurentia Exploration extended the known gold corridor in Archean rocks above the Nipissing diabase to approximately 560 metres in strike length.
New samples returned up to 2.80 g/t gold in prospecting, 2.09 g/t gold over 1.6 metres in channel sampling, and grab samples up to 2.47 g/t gold. These results complement earlier drilling that intersected high-grade silver, including 5,441.4 g/t silver over 0.37 metres. Nord plans a broader fall prospecting and stripping program and expects to complete a NI 43-101 mineral resource estimate for the Gowganda Silver Tailings Project within six months.
Nord Precious Metals Mining (OTCQB: NPMMF) has begun pre-submission consultation with Ontario’s Ministry of the Environment, Conservation and Parks (MECP) for environmental permissions tied to its silver tailings recovery program in the Gowganda Silver Camp. On July 21, 2026, Nord’s technical team met MECP officials to review project details and define supporting materials for future environmental submissions, which are planned to proceed alongside a Mineral Recovery Permit application under Ontario Regulation 463/24.
According to Nord, MECP has requested a single consolidated package including project description, site maps, baseline data, water requirements, timelines, land information and Indigenous consultation records. The first phase contemplates modular, mobile processing of historical surface tailings via gravity concentration, closed-loop water handling and potential flotation, with cleaned tailings potentially used as engineered backfill. Nord positions near-term tailings reprocessing, supported by an 80-day Recovery Permit review framework, an updated NI 43-101 resource estimate expected in the second half of 2026, and a fully funded 5,000-metre drilling phase at Castle East within a 30,000-metre program, as a pathway to cash flow and reduced equity financing reliance.
Nord Precious Metals Mining (TSX-V:NTH, OTC:NPMMF) was the subject of a new Initiation Report from Emerging Growth Research, which assigned a Buy-Emerging rating and a 12‑month price target of C$0.30, implying about 88% upside to the recent C$0.16 share price.
The report highlights Nord’s strategy of reprocessing historic silver tailings at the Gowganda Silver Tailings Project, based on an estimated 2.96 million ounces of historical, non‑compliant silver resources, and advancing a large high‑grade silver district in Ontario’s Cobalt Camp. It cites Ontario’s new Recovery Permit legislation, which can cut tailings project approvals to around 80 days, Nord’s control of more than 6,400 hectares including five historic mines and multiple tailings deposits, and the historic Castle East resource of about 7.5 million ounces grading 8,582 g/t silver. Nord also owns the fully permitted Temiskaming Testing Labs processing facility.
Nord Precious Metals (OTCQB: NPMMF) outlined gold exploration potential across its consolidated Castle-Gowganda district along the Ridout-Tyrrell deformation corridor, on trend with the producing Côté Gold mine. Historical work has identified multiple gold-bearing structures in Archean volcanics above and below the Nipissing diabase.
Surface sampling and drilling since 2014 returned intervals including 24.95 g/t gold over 0.3 m, 4.3 g/t over 4.0 m, and 1.5 g/t over 12.5 m within a 30 m zone grading 0.70 g/t. Nord is compiling these results into a ranked set of district gold targets to be advanced in parallel with its silver-focused drilling at Castle East and its near-term silver tailings recovery program within a planned 30,000-metre drill program.