Nord Precious Metals Mining Inc. has significantly increased its footprint within Ontario’s historic Gowganda Silver Camp. The company completed a transaction to acquire four mining licenses, boosting its total land position in the district by approximately 40%. This expansion is a strategic move designed to secure a consistent feedstock for its proprietary processing facility.
Strategic Acquisition for Near-Term Production
The deal, finalized on March 31, 2026, involved purchasing the licenses from a subsidiary of Battery Mineral Resources Corp. The total consideration included a cash payment of US$1 million and the issuance of roughly 4.4 million common shares. Nord Precious Metals is committed to additional staged payments totaling US$3.75 million over the next three years.
With this addition, the company’s controlled area in the Gowganda district grows to nearly 790 hectares. It now holds eight formerly productive mine shafts. Management’s focus is squarely on executing a “Waste-to-Market” strategy. Rather than embarking on lengthy and capital-intensive new mine development, the plan is to extract value from historical waste rock piles and existing sites. This approach is expected to generate operational cash flow much faster than traditional exploration projects.
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Leveraging Proprietary Technology
Material sourced from these new claims is slated for processing at the company’s plant using its proprietary Re-2Ox method. This hydrometallurgical process is capable of producing battery-grade cobalt sulfate and other metals directly. A key advantage is the elimination of the need for conventional smelters. The technology also allows for the efficient removal of problematic elements, such as arsenic.
Market reaction to the expansion news has been positive in recent trading sessions. The company’s shares have gained over ten percent on a weekly basis, with the current price standing at US$0.14.
Next Steps Following the Deal
Final approval for the acquisition from the TSX Venture Exchange is now pending. Concurrently, the company’s management is preparing the next operational phases. Initial work will involve geological modeling of the newly acquired claims and conducting bulk sampling programs. These efforts are aimed at seamlessly integrating the additional resources into the existing processing hub located in the Cobalt region.
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