News•Feb 16, 2026
Frank Basa on Nord Precious Metals’ 2.9 Million Ounce Silver Tailings Deal
Nord Precious Metals Mining Inc. has secured leases containing a historical 2.9 million‑ounce silver tailings resource in Ontario’s Gowganda camp, backed by an NI 43‑101 estimate and an 82% metallurgical recovery rate. The acquisition expands the company’s footprint adjacent to its Castle property and positions TTL Laboratories as a single processing hub for the material. Ontario’s new recovery permit framework and a $500 million Critical Minerals Processing Fund are expected to accelerate the move from exploration to production later this year. CEO Frank Basa emphasizes that cobalt, copper and nickel by‑products will drive the majority of the project’s economics.
By Jack Lifton @ InvestorNews (Critical Minerals & Rare Earths)