Nord Welcomes Federal Tax Proposal as It Advances Gowganda Silver Recovery

Nord Precious Metals Mining Inc. (NTH) has welcomed the Canadian federal government’s proposed "Productivity Mega Deduction," a policy that would permit the 100% immediate expensing of qualifying equipment and development expenses. The company notes that this measure could reduce the after-tax capital cost of its Gowganda Silver Tailings Project, although eligibility and final legislation remain unconfirmed as of late September 2026.

The company’s release references an updated mineral resource estimate dated September 15, which reports 2.814 million ounces of silver indicated, alongside a September 22 engineering update. This engineering update details a 1,000 tonnes-per-day plant design and identifies water sourcing from underground mines. Engineering and permitting for the Gowganda project are actively underway, with a target completeness matrix submission by September 30, 2026, and a Mineral Recovery Permit application targeted for October 2026.

Nord Precious Metals Mining Inc. holds C$29.925 million in non-capital tax-loss carryforwards, though the company states that the tax benefit depends on enacted legislation, qualifying expenditures, and future taxable income. The company’s infrastructure strategy relies on TTL Laboratories in Cobalt, a permitted high-grade milling facility, while it continues to evaluate Castle East drilling results and Re-2Ox hydrometallurgical opportunities.

Nord Precious Metals Mining Inc. (NTH) released an update characterizing the news as a policy alignment rather than a company-specific operational or financial breakthrough. The federal tax proposal is positive in theory but remains speculative until enacted; the company explicitly notes that eligibility for its specific expenditures is not yet established.

The update does not alter the immediate project timeline, capital requirements, or permitting schedule. It serves as a direct follow-up to the September 15 resource and September 22 engineering releases, confirming that the company is executing on previously announced engineering and permitting milestones. Given the incremental nature of the update and the speculative status of the tax legislation, the market impact is expected to be limited.

Nord Precious Metals Mining Inc. is a Canadian exploration and development company focused on the historic Cobalt Camp in Ontario. Its flagship project is the Gowganda Silver Tailings Project, which targets the reprocessing of historical silver-cobalt tailings using a modular gravity concentration plant and the Re-2Ox hydrometallurgical process. The company also controls the Castle East property, a high-grade silver-cobalt discovery with historic inferred resources exceeding 7.5 million ounces of silver.

The corporate strategy centers on a hub-and-spoke model, utilizing TTL Laboratories as a permitted processing hub to toll-process tailings and fund district-scale exploration. Nord Precious Metals Mining Inc. holds a 63 sq. km consolidated land package and maintains a 35% interest in Coniagas Battery Metals Inc.