Nord Reports Updated Gowganda Tailings Indicated Mineral Resource of 2.814 Million Ounces of Silver at 47.4 g/t

Nord Precious Metals Mining Inc. (NTH) released an updated Indicated Mineral Resource Estimate (MRE) for its Gowganda Silver Tailings Project on September 15, 2026. The updated resource defines 1.845 million tonnes grading 47.4 g/t silver, containing 2,814,000 ounces of silver, based on a 10 g/t Ag cut-off grade.

The estimate is based on 2,898 metres of historical and recent drilling (1981, 1986, 2000, 2011, 2018) and includes independent verification of tailings grades by ALS Geochemistry. Economic assumptions provided include US$65/oz silver, C$17/t operating cost, and 81.6% metallurgical recovery.

The company is advancing metallurgical studies and plans to file a NI 43-101 technical report within 45 days, supporting the upcoming Mineral Recovery Permit application to Ontario's MECP.

Nord Precious Metals Mining Inc. (NTH) released an updated resource estimate containing 2.814 million ounces, a figure slightly lower than the 2.96 million ounces reported in the 2011 historical estimate. The update improves confidence in the data by establishing a modern Indicated category and incorporating independent QA/QC verification.

This development represents an incremental step in the project’s timeline, validating the tailings inventory for a planned modular gravity concentration plant. The update also aims to de-risk the permitting pathway by providing a compliant technical foundation.

The announcement aligns with previous disclosures regarding MECP consultation and engineering studies, containing no unexpected market-moving information. The market likely already priced in a resource update as part of the ongoing permitting push.

Economic assumptions in the report are conservative and do not constitute a feasibility study. The primary impact is procedural, moving the project closer to a development decision rather than altering its fundamental economics.

Nord Precious Metals Mining Inc. (NTH) operates in Ontario's historic Cobalt and Gowganda silver camps. Its flagship initiative is the Gowganda Silver Tailings Project, which involves reprocessing historical silver-cobalt tailings using a modular gravity concentration plant and the TTL Laboratories permitted milling facility. This low-capex approach aims to generate near-term cash flow to fund district-scale exploration.

The company is also advancing its secondary project, the Castle East high-grade silver-cobalt discovery. NTH is executing a 30,000-metre drill program to expand the inferred resource and test underground access for bulk sampling. Corporate strategy focuses on the consolidation of the Gowganda Camp land package, leveraging Ontario's fast-track Recovery Permit framework and critical minerals processing incentives.