Nord Precious Metals Announces Closing of Strategic Acquisition of Gowganda Silver Camp Claims from Battery Mineral Resources Corp.
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Nord Precious Metals Announces Closing of Strategic Acquisition of Gowganda Silver Camp Claims
from Battery Mineral Resources Corp.
April 1, 2026 - Vancouver, B.C. — Nord Precious Metals Inc. (the "Company" or “Nord”) (TSXV: NTH,
OTCQB: CCWOF, FF: QN3) announces that on March 31, 2026 it completed its previously announced
acquisition of four mining leases in the Gowganda Silver Camp of Ontario (the "Gowganda Property").
The acquisition was completed pursuant to an amended and restated asset purchase agreement (the
"Definitive Agreement ") dated March 31, 2026 , among the Company, Battery Mineral Resources
Corp. (" BMR") and North American Cobalt Inc. (“ NACI”) amending the terms of its previously
announced asset purchase agreement dated January 5, 2025.
Transaction Summary
In accordance with the Definitive Agreement, Nord has acquired four mining leases (LEA -109391 –
LEA109394) comprising the Gowganda Property from NACI, BMR’s wholly-owned subsidiary, for the
following consideration:
• $1,000,000 cash on the closing date;
• the issuance to BMR, on behalf of NACI, on the closing date of 4,401,408 common shares in
the capital of Nord (the “Nord Shares”) at a deemed price equal to $0.284 per share;
• a 3.0% net smelter returns royalty on the Gowganda Property; and
• deferred consideration of $1,250,000 on each of the first, second and third anniversaries of
the closing date of the Transaction (the “ Deferred Consideration”) for aggregate Deferred
Consideration of $3,750,000.
At Nord’s election, up to 50% of each Deferred Consideration payment may be satisfied in Nord Shares
at a deemed price per share equal to the greater of: (i) the 25 -day volume-weighted average trading
price per Nord common share on the TSX Venture Exchange (the “TSXV”) ending on the last trading
day preceding the applicable payment date, and (ii) the minimum price permitted by the TSXV ;
provided however that the aggregate number of Nord Shares that may be issued in satisfaction of the
Deferred Consideration shall not exceed 10,938,610 Purchaser Shares (the “Maximum Share Limit”).
In the event the Maximum Share Limit is reached, any remaining balance of the Deferred Purchase
Price must be satisfied entirely in cash . The Nord Shares issued in satisfaction of the Deferred
Consideration will be subject to a statutory hold period of four months and one day from the date of
issuance.
Completion of the transaction remains subject to receipt of the final approval of the TSXV.
Qualified Person
The technical information in this news release was approved and prepared under the supervision of
Mr. Frank J. Basa, P.Eng. (PEO), director of Nord Precious Metals, a qualified person in accordance
with National Instrument 43-101.
About Nord Precious Metals Mining Inc.
Nord operates TTL Laboratories, the only permitted high -grade milling facility in the historic Cobalt
Camp of Ontario, where the Company has established an integrated position connecting high -grade
silver discovery with strategic metals recovery operations.
The Company's flagship Castle property encompasses 63 sq. km of exploration ground and the past-
producing Castle Mine, complemented by the Castle East discovery where drilling has delineated
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7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton)
in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone,
beginning at a vertical depth of approximately 400 metres. Mineral resources that are not mineral
reserves do not have demonstrated economic viability. Please refer to the Nord’s Press Release of
May 27, 2020, for the resource estimate. The above resource is now considered an historical
resource. Insufficient work has been done to categorize the above historical estimate as current.
Significant additional diamond drilling and analytical work along with modelling is required before a
new resource estimate can be compiled.
Nord's integrated processing strategy enables multiple metal recovery streams. High -grade silver
recovery supports the economics of extracting critical minerals including cobalt, nickel, and other
battery metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield,
eliminates the typical arsenic barriers in complex silver -cobalt ores while producing battery -grade
cobalt sulphate and other metal products to customer specifications. This multi -metal approach,
combined with es tablished infrastructure including TTL Laboratories and underground mine access,
positions Nord within Ontario's emerging critical minerals supply chain.
The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through
its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS), as well as the St. Denis-Sangster lithium
project comprising 32 square kilometres of prospective ground near Cochrane, Ontario.
More information is available at www.nordpreciousmetals.com.
For further information please contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
Wayne Cheveldayoff
Corporate Communications
P: 416-710-2410
Forward-Looking Statements
This news release contains statements that constitute "forward -looking statements." Such forward -
looking statements involve known and unknown risks, uncertainties and other factors that may cause
the Company's actual results, performance or achievements, or developments in the industry to differ
materially from the anticipated results, performance or achievements expressed or implied by such
forward-looking statements.
Forward-looking statements are statements that are not historical facts and are generally, but not
always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or th at events or conditions "will," "would," "may,"
"could" or "should" occur.
Forward-looking statements in this document include statements that the Company will receive all
requisite approvals for the transaction.
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Although the Company believes the forward -looking information contained in this news release is
reasonable based on information available on the date hereof, by their nature forward -looking
statements involve known and unknown risks, uncertainties and other factors which may cause actual
results, performance or achievements, or other future events, to be materially different from any
future results, performance or achievements expressed or implied by such forward -looking
statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks
and uncertainties associated with: general economic conditions; adverse industry events; future
legislative and regulatory developments; the Company's abi lity to access sufficient capital from
internal and external sources; inability to access sufficient capital on favourable terms; the ability of
the Company to implement its business strategies; competition; the ability of the Company to obtain
and retain all applicable regulatory and other approvals; commodity price fluctuations; and other
assumptions, risks and uncertainties.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS
INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.