Ontario’s Half Billion Critical Mineral Processing Fund and First Nations $3.1 Billion Fund Accelerates Nord’s Plan for a Sustainable North American EV Metals Supply Chain
Ontario’s Half Billion Critical Mineral Processing Fund and First Nations $3.1 Billion Fund
Accelerates Nord’s Plan for a Sustainable North American EV Metals Supply Chain
May 29, 2025 - Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) (the
"Company" or "Nord") welcomes the Ontario government’s creation of the $500 million Critical Mineral
Processing Fund and the $3.1 billion First Nations Fund recently announced in the provincial budget. These
funds directly support Nord’s development of an integrated domestic supply chain for critical metals.
“The Critical Mineral Processing Fund and First Nations Fund provide the catalyst we’ve been waiting for,” said
Frank J. Basa, P.Eng., CEO of Nord. “Our exploration and development plans align perfectly with North
America’s strategic imperative to create a sustainable battery materials supply chain for clean energy and
electric vehicle manufacturing.”
Critical minerals and processing facilities have become central to global policy and trade discussions.
Partnership with First Nations communities is essential to this development. The new provincial Recovery
Permit, launching in July 2025, will streamline resource companies’ ability to produce critical metals from
legacy tailings ponds and waste rock piles.
Nord currently operates a high-grade silver processing plant capable of milling ore to produce silver doré bars,
with an annual capacity of 3 million ounces of silver. The company has acquired a 600-tonne-per-day mobile
gravity plant for treating tailings to produce silver and critical mineral concentrates. Additionally, Nord has
developed its proprietary Re-2Ox hydrometallurgical process, which has successfully produced battery-grade
cobalt sulfate from local concentrates.
“As governments on both sides of the border seek to de-risk supply chains, proven, low-capex solutions win,”
Basa added. “Nord is ready to transform legacy waste rock piles and tailings into working capital.”
Qualified person
The technical information in this news release was approved and prepared under the supervision of Mr. Frank J.
Basa, B.Eng., (PEO), director of Nord Precious Metals, a qualified person in accordance with National Instrument
43-101.
About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. operates the only permitted high -grade milling facility in the historic Cobalt
Camp of Ontario, where the company has established a unique position integrating high -grade silver discovery
with strategic metals recovery oper ations. The Company's flagship Castle property encompasses 63 sq. km of
Nord Precious Metals Mining Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
www.nordpreciousmetals.com.
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exploration ground and the past -producing Castle Mine, complemented by the Castle East discovery where
drilling has delineated 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 meters. Note that mineral resources that are not mineral reserves and
do not have demonstrated economic viabili ty. Please refer to the Nord Precious Metals Press Release May 28,
2020, for the resource estimate.
Nord's integrated processing strategy leverages the synergistic value of multiple metals. High -grade silver
recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals,
while the company's proprietary Re-2Ox hydrometallurgical process enables production of technical -grade
cobalt sulphate and nickel -manganese-cobalt (NMC) formulations. This multi -metal approach, combined with
established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize
on both precious metals markets and the growing demand for battery materials.
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
260 square kilometers of prospective ground near Cochrane, Ontario.
More information is available at www.nordpreciousmetals.com.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
Caution Regarding Forward-Looking Statements
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. This news release may contain forward-looking
statements which include, but are not limited to, comments that involve future events and conditions, which are subject to
various risks and uncertainties. Except for statements of historical facts, comments that address resource potential,
upcoming work pr ograms, geological interpretations, receipt and security of mineral property titles, availability of funds, and
others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary
materially from those statements. General business conditions are factors that could cause actual results to vary materially
from forward-looking statements. The Company does not undertake to update any forward -looking information in this
news release or other communications unless required by law.