Nord drills 0.6 m of 13,620 g/t Ag, 1.84% Co at Castle

Nord Precious Metals Mining Inc. (NTH) released assay results on June 29, 2026, for drill hole CS-21-73W3 at the Castle East Robinson Zone. The hole returned 0.6 m grading 13,620 g/t Ag and 1.84% Co, including a 0.30 m sub-interval of 25,803 g/t Ag (752.7 oz/ton) and 3.60% Co.

The intercept lies approximately 25 m up-dip and south of the previously announced CS-21-73W1 bonanza-grade hit, confirming a continuous extension of the high-grade silver-cobalt vein system. Additional mineralized carbonate veins were logged over nearly 40 vertical metres. These results complete the assay picture for the W3 wedge that was previewed in earlier June releases when the vein was photographed but assays were pending.

Nord Precious Metals Mining Inc. (NTH) released confirmatory assay results for its Castle project, adding quantitative data to the native silver vein identified in the W3 hole during news releases on June 2 and June 4, 2026. That earlier reporting described a 5 cm true-width vein containing dendritic native silver and cobalt arsenide located at 480.8 m downhole. The new assay values fall within the bonanza-grade spectrum previously demonstrated by the Castle system. The cobalt grade of 2.44% Co is higher than that observed in W1 but remains consistent with the district’s high-grade style. The release does not introduce a new discovery, resource expansion, or change in the geological model.

Financially, the company’s most recent Management’s Discussion and Analysis (MD&A) for the quarter ended March 31, 2026, indicates significant liquidity challenges. The report outlines a working capital deficit of $545k, a net loss of $7.04 M, and negative total equity of $1.43 M, accompanied by an explicit going-concern warning. The company has relied on a series of dilutive equity placements at depressed prices for funding, with flow-through commitments totaling $4.14 M currently due. While the high-grade drill results are notable, they do not address the immediate cash crisis or the risk of insolvency.

Nord Precious Metals Mining Inc. is a junior explorer and aspiring processor in the historic Cobalt‑Gowganda silver camp of Ontario, Canada. The company’s flagship project is the Castle East high‑grade silver‑cobalt discovery, an underground vein system where drilling has defined a 2021 Inferred Resource of 32,900 tonnes grading 7,149 g/t Ag (7.57 Moz Ag) and significant cobalt, copper, nickel.

The company also holds the Gowganda silver tailings, which contain a historic indicated resource of ~1.94 Mt @ 47.5 g/t Ag for ~2.96 Moz Ag. Additionally, Nord Precious Metals Mining Inc. operates the Temiskaming Testing Laboratories (TTL), the only permitted high‑grade milling facility in the district. The strategy is to advance both in‑situ and tailings resources toward near‑term production and to use the proprietary Re‑2Ox hydrometallurgical process to remove penalty elements like arsenic and produce battery‑grade cobalt sulphate.