Dewatering of the Underground Mines to be used for Nord Tailing Reprocessing

Nord Precious Metals Mining Inc. (NTH) provided an operational and regulatory update on its Gowganda silver recovery project, confirming that process water for the proposed 1,000 tonnes per day tailings reprocessing plant will be sourced from underground mine dewatering. This water strategy necessitates separate Permit to Take Water (PTTW) and Environmental Compliance Approval (ECA) applications, distinct from the primary Mineral Recovery Permit.

A site visit by the Ontario Ministry of Mines occurred on September 15, 2026, with Nord preparing a detailed operating concept and site layout for review. Management targets a completeness matrix submission by September 30, 2026, and the formal Mineral Recovery Permit application in October 2026. The update reinforces the strategic goal of establishing Gowganda as an operating base for historical tailings recovery, followed by hard rock mining and potential toll processing services.

Nord Precious Metals Mining Inc. (NTH) released its September 22, 2026 update, a direct follow-up to the July and August 2026 regulatory consultations and the September 15, 2026 updated Mineral Resource Estimate. The announcement confirms the dewatering water source and outlines the specific permitting timeline, including the PTTW, ECA, and Mineral Recovery Permit, aligning with previously disclosed expectations.

The news is incremental and expected, serving to validate the technical and regulatory pathway rather than introducing new financials or strategic pivots. It supports the near-term production thesis by demonstrating active progress toward the ~80-day Ministry review window, but does not alter the fundamental risk profile or valuation drivers. The market likely priced in this permitting progression following the earlier regulatory engagement updates, making this a routine positive step.

Nord Precious Metals Mining Inc. (NTH) operates in Ontario's historic Cobalt Camp, focusing on silver and cobalt exploration and processing. The company’s flagship initiative is the Gowganda Silver Tailings Project, which aims to reprocess historical tailings using a modular gravity concentration plant and the Re-2Ox hydrometallurgical process for cobalt recovery.

The company owns TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp, which serves as the processing hub. The Castle East property hosts a high-grade silver-cobalt discovery, with historical inferred resources of approximately 7.56 million ounces of silver. The strategy combines low-capex tailings recovery with district-scale exploration, leveraging Ontario's accelerated Recovery Permit framework.