Frank Basa on Nord Precious Metals’ Breakthrough Silver Discovery in Ontario’s Historic Cobalt Camp Sets the Stage for a New Era in Canada’s Silver Resurgence

April 1, 2025 — Frank Basa, CEO and Chairman of Nord Precious Metals Mining Inc. (TSXV: NTH | OTCQB: CCWOF), delivered a compelling message during an interview with InvestorNews.com host Tracy Hughes at PDAC 2025, highlighting a breakthrough silver discovery that positions Nord as a standout player in Ontario’s historic Cobalt Camp. Emphasizing the exceptional potential of the region, Basa boldly stated, “The Cobalt camp had the highest grade silver mines in its day in the world.” Nord’s aggressive exploration strategy has resulted in over 60,000 meters of drilling, revealing extraordinary silver grades including a remarkable 89,000 grams per tonne. Basa proudly underscored the significance of this discovery, noting, “I think we’re the first, probably in the last 50-60 years, that had a major discovery in the camp,” setting the stage for Nord to lead a new era of silver exploration.

Discussing Nord’s competitive advantage, Basa highlighted the combination of robust infrastructure and exceptional geology, positioning the company to rapidly capitalize on its high-grade discoveries. Reflecting on his early experience in the region, he recalled, “We had a very small mill…and we poured 1.6 million ounces of silver every year,” demonstrating the immense potential for profitability even with modest-scale operations. Nord’s strategic vision includes integrating extensive drilling data, historical mine plans, and recent geophysical surveys into a comprehensive 3D geological model. Basa emphasized this meticulous approach, saying, “We want to see if we missed any other vein structures,” indicating confidence that more significant discoveries await.

Basa also praised the agility and dedication of Nord’s exploration team, attributing the company’s success to a unique operational approach. “Our people are driven by success,” Basa explained, underscoring the company’s results-oriented culture. With silver prices energized by investor interest and predictions like those from Eric Sprott, Basa confidently projected Nord’s trajectory, suggesting the company could swiftly transition into “a billion market cap company in a very short time frame,” firmly establishing Nord Precious Metals as a key player in the resurgence of Canada’s silver mining sector.

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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 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 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton).

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.

To learn more about Nord Precious Metals Mining Inc., click here

Disclaimer: Nord Precious Metals Mining Inc. is an advertorial member of InvestorNews Inc.

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