Nord Precious Metals closed the acquisition of four mining leases in the Gowganda Silver Camp, consolidating nearly four kilometres of historic claim boundary into a single land package. This brings three of the five largest past-producing mines—Miller Lake-O’Brien (42 million ounces), Castle (9.9 million ounces) and Millerett—under one operator for the first time.

The acquired leases host an indicated tailings resource of approximately 1,940,000 tonnes grading 47.5 g/t Ag, equivalent to about 2.96 million contained ounces. Historical core-area sampling returned higher grades up to 62.6 g/t Ag, and gravity concentration testwork achieved recoveries between 77% and 86%.

Nord owns the only permitted high-grade milling facility in the Cobalt Camp and a 600 t/d modular gravity plant awaiting a Recovery Permit under an 80-day fast-track pathway. Existing permits allow drilling along lease boundaries, and new applications are being prepared for broader exploration across the consolidated ground.

On April 15, the company raised $1.75 million via a private placement of 11.67 million units at $0.15 each, earmarked for Castle East drilling and working capital. Nord’s engineering partner is advancing pilot-scale testwork, and every metre drilled will feed directly into its production plan.