STRATEGIC DEVELOPMENT

From Land Assembly to Integrated Operations

Nord's evolution from acquiring abandoned properties to operating the district's only processor demonstrates systematic execution. Each acquisition and discovery built toward today's dual-track strategy.

Castle Complex Assembly

TTL Processing Hub

District Consolidation

Resource Expansion

2015-2019

Strategic Land Assembly

When others abandoned the Cobalt camp during low silver prices, Nord quietly assembled the district's largest land package.

Initial AcquisitionAcquired Castle Mine, Beaver, and Violet properties through share exchange. Secured 11 levels of underground workings, three shafts, and extensive historical data.

Property ExpansionGrew land position from initial 28 km² to 78 km² through staking and strategic acquisitions. Connected Castle Mine to high-potential eastern areas.

First Nations AgreementsEstablished formal partnerships with Matachewan, Temagami, and Teme-Augama Anishnabai before exploration began.

2020: PIVOTAL ACQUISITION

TTL: From Government Lab to Production Hub

Acquired the former Ontario government assay lab for a fraction of replacement cost. This 20,000 sq ft facility had served the district since 1941, processing millions of ounces for Agnico and Teck. Nord invested in crushing circuits (20 tonne/hour), gravity plant (24 tonne/day), and analytical capabilities (6,000 assays/month).

2019-2023: Castle East Discovery

First major discovery in the camp in 50 years. Drilling intersected 89,853 g/t silver, defining an initial 7.5M oz resource. Ongoing 60,000m program targeting 30-100M oz. Multiple vein structures identified including Robinson, Big Silver, and All-Stars zones.

7.5M oz at 8,582 g/t silver

Multiple bonanza-grade intercepts

Open for expansion in all directions

2024-Present: Consolidation and Permits

Advancing on multiple fronts: Gowganda Silver Camp consolidated through acquisition of four mining leases, recovery permits advancing under Ontario's framework, Miller Creek tailings testing (up to 411 g/t AgEq), continued resource expansion drilling, and federal innovation funding supporting advanced processing programs at TTL.

Gowganda acquisition adds ~3M oz historical silver

Recovery Permit pathway advancing

600 tpd modular gravity plant acquired for tailings deployment

STRATEGIC FOCUS

Consolidation Over Diversification

While Nord holds battery metals properties in Quebec and lithium claims in Ontario, the company's focus remains on maximizing value from the Castle-TTL complex. This concentration of effort distinguishes Nord from juniors spreading resources across multiple projects.