Nord Precious Metals Receives Expedited Permit Pathway for District-Scale Processing in Ontario's Cobalt-Gowganda Camp

Nord Precious Metals Mining Inc. has received formal guidance from the Ontario Ministry of Energy and Mines outlining an expedited pathway for its Recovery Permit application, which includes provisions for processing material from neighboring silver properties. This development positions Nord as a potential district-scale processor in North America's most strategic critical minerals jurisdiction. The Ministry's written response confirms that toll processing arrangements can be included in the Company's application, whereby Nord would process tailings from adjacent properties.

This positions the Company's Temiskaming Testing Labs facility as the natural processing hub for the entire Cobalt-Gowganda Camp's legacy tailings, a district where 108 underground mines historically produced 600 million ounces of silver. Frank J. Basa, President & CEO, stated that The Ministry's guidance on toll processing validates our hub-and-spoke model at the regulatory level. The Ministry has invited Nord to submit draft applications for preliminary review, a streamlined process offered to select applicants.

The formal submission process will notably not require a closure plan, eliminating what has historically been the most time-consuming element of permit applications. The Recovery Permit application will encompass three revenue streams: processing of Nord's Castle and Beaver Mine legacy tailings, recovery of broken mineralized material from Castle's Level 1 stopes, and toll processing arrangements for tailings from adjacent properties. The Cobalt-Gowganda Camp contains dozens of orphaned tailings deposits from over a century of mining.

With TTL as the only permitted processing facility in the district and Ministry guidance supporting toll processing arrangements, Nord is positioned to become what industry observers call a Waste-to-Market operator. This aligns with North American priorities for securing domestic critical mineral supplies from existing sources rather than waiting 15+ years for new mine development. The Company's proven metallurgical process, which produced a 1,000-ounce silver bar and battery-specification cobalt sulfate from initial testing, can be applied across diverse feed sources without significant modification.

Nord has maintained agreements with three First Nations groups for years, ensuring social license and community support. Combined with existing technical studies covering geochemical, hydrogeological, and tailings stability assessments, the Company enters the permit process with advantages that typically take juniors years to achieve. The formal permit submission to Ministry is scheduled for Q4 2025, with commissioning of the already acquired automated, modular 600 tonne-per-day gravity plant upon permit receipt and initial processing target to begin 2026. More information about the company's operations is available at https://www.nordpreciousmetals.com.