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NORD PRECIOUS METALS INC reports company developments tied to silver-cobalt exploration, mining-lease consolidation and metals recovery in Ontario’s historic Cobalt and Gowganda districts. Recurring news covers drilling at Castle East and the expanded Castle-Gowganda property, review of historical feasibility work on silver tailings, engineering support for tailings reprocessing, and the company’s use of TTL Laboratories as a permitted high-grade milling facility in the Cobalt Camp.
Updates also describe critical-minerals exposure alongside silver, including cobalt, nickel and copper mineralization, as well as the company’s Re-2Ox hydrometallurgical process and related processing work for complex silver-cobalt ores.
Silver prices above $75/oz in 2026 support stronger conditions for silver producers, including First Majestic Silver (NYSE: AG). The company operates four producing silver mines in Mexico plus a 70% interest in the Los Gatos joint venture, which delivered 1.49 million attributable silver ounces in Q1 2026.
First Majestic’s Jerritt Canyon gold mine in Nevada remains under temporary suspension but has a restart plan targeting production in H2 2027, supported by about 42,000 metres of drilling planned for 2026.
Nord Precious Metals (OTCQB: CCWOF) has re-engaged GeoVector Management, including two original Qualified Persons and all 2011 modelling data, to update the historic NI 43-101 Mineral Resource Estimate for the Gowganda silver tailings.
The work will integrate over 860 drill holes and is targeted for completion in H2 2026.
Nord Precious Metals Mining (OTCQB: CCWOF) reviewed a historic 1987 Kilborn feasibility study for re-milling silver tailings at its Castle-Gowganda property and started confirmatory metallurgical testwork and an updated resource estimate.
Highlights include 1,000 TPD processing, seasonal 8‑month operation, about 325,000 oz/year silver for 7 years (≈2M recoverable oz) at 85% metallurgical recovery, and financial projections at US $6–$12/oz silver with a 49.3% IRR at $12.
Nord Precious Metals (OTCQB: CCWOF) reported assays from Castle East: a 1.85 m interval averaging 2,343.7 g/t Ag (68.4 oz/ton) that includes 9,510 g/t Ag over 0.30 m. Critical minerals (Co, Ni, Cu, Zn) accompany silver. The company began a fully funded 5,000‑metre drilling phase within a 30,000‑metre program.
Management highlighted expanded access after recent lease acquisitions and pending assays from additional intercepts that may extend the mineralized footprint.
Couloir Capital initiated research coverage on Nord Precious Metals Mining (OTCQB: CCWOF; TSXV: NTH) on April 23, 2026. Senior Mining Analyst Ron Wortel authored a report titled "This story is hot — plan for production in Canada's first critical minerals mining camp will re-rate company's valuation."
The report highlights Nord's early-start production model, use of existing infrastructure and above-ground resources, ongoing drilling, and engagement of technical partners as supporting its near-term production thesis.
Nord Precious Metals (OTCQB: CCWOF) consolidated nearly 4 km of historic Gowganda-Castle property boundary and will target high-grade silver-cobalt structures in the next drilling phase. The company highlights past production of ~42M oz Ag at Miller Lake-O'Brien and combined Gowganda production of 60.1M oz Ag. A historical tailings indicated resource of ~1.94Mt @ 47.5 g/t Ag (~2.96Moz) exists, with higher core-area resamples up to ~62 g/t. Nord has a 600 t/day modular gravity plant awaiting Recovery Permit and an active permitted mill, positioning drilling to feed near-term recovery plans.
Nord Precious Metals (OTCQB: CCWOF) retained T Engineering to advance near-term silver recovery from tailings after closing an acquisition on March 31, 2026 of four Gowganda mining leases. The deal consolidates 789.7 hectares and includes a historical tailings estimate of 1,940,000 tonnes @ 47.5 g/t Ag (≈2,960,000 oz).
Services include multidisciplinary engineering, third-party tailings design, and pilot-scale testing at T Engineering's Sudbury lab. Ontario's Recovery Permit fast-track and existing infrastructure aim to enable conversion of legacy tailings to production.
Nord Precious Metals (OTCQB: CCWOF) completed acquisition of four mining leases in the Gowganda Silver Camp on March 31, 2026.
Consideration included $1,000,000 cash at closing, 4,401,408 Nord shares at $0.284 each, a 3.0% NSR, and $3,750,000 deferred payable $1,250,000 annually over three years with up to 50% payable in shares (subject to a 10,938,610 share cap). Transaction awaits final TSXV approval.
Nord Precious Metals (OTCQB: CCWOF) has completed over 2,100 metres of its Phase 1 Castle East drill program, the initial 3,500-metre stage of a planned 30,000-metre campaign begun December 2025. A reinterpretation identified 29 discrete vein structures versus five previously modelled; assays from Hole CS-26-129W2 (three mineralized intervals) are pending.
The program aims to confirm modelled structures, expand the Castle East resource, justify underground ramp development, and produce a bulk sample for processing at the company’s permitted Cobalt mill.
Nord Precious Metals Mining (TSXV:NTH; OTCQB:CCWOF) will present at Red Cloud's Pre-PDAC Mining Showcase in Toronto on February 26-27, 2026. CEO Frank Basa, P.Eng., Chief Metallurgist, will speak on February 27 at 3:40 PM ET to update strategy, recent developments, and next-phase initiatives.
The in-person event at The Omni King Edward Hotel features senior mining executives, institutional investors, and one-on-one meetings; registration details are available through the conference website.