Nearly 3 Million Ounces of Century-Old Silver. Ontario Just Opened the Door.

Nord Precious Metals Mining Inc. (NTH) has entered pre-submission consultation with Ontario's Ministry of the Environment, Conservation and Parks (MECP) regarding the permitting pathway for its silver tailings recovery program. The MECP requested a consolidated submission package that includes a project description, site maps, baseline data, water requirements, timelines, and Indigenous consultation records. According to the Ontario Ministry of Energy and Mines, the review pathway for a complete Recovery Permit application is approximately 80 days.

In a separate development, Nord executed a debt-to-royalty conversion, extinguishing a $3 million receivable from related party Granada Gold Mine Inc. in exchange for a 3% Net Smelter Return (NSR) royalty on a Quebec gold property. The transaction is currently pending approval from the TSX Venture Exchange.

At the Castle East project, a fully funded 5,000-metre drill phase is currently underway as part of a broader 30,000-metre program. Additionally, CEO Frank J. Basa presented at the OTCQB Virtual Investor Conference in early August 2026.

Nord Precious Metals Mining Inc. (NTH) has advanced its regulatory standing with a MECP consultation, a procedural follow-up to August 2025 guidance and July 2026 meetings. This step is part of Ontario's fast-track Recovery Permit framework but does not constitute a permit grant or establish a production timeline.

The company also executed a balance sheet restructuring by converting a $3 million receivable into a 3% NSR royalty on a distant Quebec property. This transaction eliminates a related-party receivable, which was already impaired in Q1 2026, replacing it with a royalty on an unproven gold property. The move does not improve near-term liquidity and adds complexity to the corporate structure.

Exploration efforts continue with a 5,000-metre phase of routine drilling. No new assay results are attached to this release. The news is incremental and aligns with management's stated roadmap, without materially altering the company's financial position, liquidity profile, or near-term production timeline.

Nord Precious Metals Mining Inc. operates in Ontario's historic Cobalt and Gowganda silver-cobalt camps. Its flagship Castle East property hosts a high-grade silver-cobalt vein system, with historical inferred resources citing approximately 7.56 million ounces of silver at 8,582 g/t Ag. The company is also advancing a tailings recovery program at Gowganda, targeting approximately 2.96 million ounces of contained silver from historical tailings.

Nord owns TTL Laboratories, a permitted high-grade milling facility in the Cobalt Camp, and has acquired a 600 t/d modular gravity plant for tailings processing. The Re-2Ox hydrometallurgical process is being validated to remove arsenic and recover cobalt sulphate. The company employs a low-capex, hub-and-spoke toll-processing model leveraging existing infrastructure and historical tailings to generate near-term cash flow while funding district-scale exploration.