{"success":true,"data":{"pressRelease":{"id":"155164","rtpr_id":"nNFC94KMXl-20260929","ticker":"NTH","exchange":"","all_tickers":["NTH"],"title":"Nord Welcomes Federal Tax Proposal as It Advances Gowganda Silver Recovery","author":"Newsfile Corp","published_at":"2026-09-29T11:31:12.277Z","article_body":"Company highlights potential investment in processing and water systems as\nengineering and permitting advance\n\nCobalt, Ontario--(Newsfile Corp. - September 29, 2026) - Nord Precious Metals\nMining Inc. (TSXV: NTH) (OTCQB: NPMMF) (FSE: QN3) (\"Nord\" or the \"Company\")\nwelcomes the Carney government's proposed Productivity Mega Deduction\n(https://api.newsfilecorp.com/redirect/jNb5AFaqqy) as it advances engineering\nand permitting for its Gowganda Silver Tailings Project. The proposed\ninvestment incentives come as Nord defines the processing equipment and water\nsystems needed to build a silver-recovery operation around historical tailings\nalready at surface.\n\n\"Canada should be putting the value in its historic mining districts back to\nwork,\" said Frank J. Basa, P.Eng., Chief Executive Officer of Nord. \"At\nGowganda, we are defining the equipment and water systems needed to turn a\nsilver resource into a recovery business. We welcome policies that encourage\nthat investment. Responsible tailings recovery deserves a prominent place in\nCanada's resource development strategy.\"\n\nThe Mining Association of Canada has welcomed the proposal's broad support for\nmining and mineral-processing investment, including precious metals. In its\nSeptember 15 statement (https://api.newsfilecorp.com/redirect/vEXJZSamm8),\nPresident and CEO Pierre Gratton said: \"Today's announcement by Prime Minister\nCarney is transformative.\"\n\nThe case for reinvesting in established mining districts was also highlighted\nin Bryan Detchou's September 11 Northern Miner article, \"Canada's\ncritical-minerals shortcut is old mines.\"\n(https://api.newsfilecorp.com/redirect/Jk3X1cYqqP) Nord believes that\ninvestment agenda should also embrace responsible recovery of historical\ntailings.\n\nConnecting the proposal to Gowganda\n\nFor Nord, the clearest potential application is the equipment needed to turn\nGowganda's tailings into an operating recovery project: mineral-processing\nmachinery and systems to supply, recycle and treat process water. Permanent\nimmediate expensing of qualifying purchases could lower the after-tax cost of\nthat investment when Nord can use the deductions. It is a relevant\nconsideration as engineering defines the project's capital requirements and\nthe Company evaluates equipment that could serve successive recovery\ncampaigns.\n\nNord's September 15 resource update\n(https://api.newsfilecorp.com/redirect/GzLxZHWZZ4) reported an updated mineral\nresource estimate to support that work. Its September 22 engineering and\npermitting update (https://api.newsfilecorp.com/redirect/Q2WvnCpKKV) reported\nrevised process-design parameters, mass and water balances, and plans to draw\nprocess water from the underground mines. Nord is coordinating the\nrecovery-permit program with the separate water-taking and environmental\napprovals required for an operation. The objective is to establish Gowganda as\na base for a wider recovery business supported by TTL Laboratories in Cobalt.\nCommercial recovery remains subject to technical and economic work, financing\nand approvals.\n\nProposed measures and legislative status\n\nAs of September 26, 2026, the Department of Finance draft legislative\nproposals (https://api.newsfilecorp.com/redirect/mjMNAHk00G) have not been\nenacted. They would permanently allow a 100% deduction for a broad range of\neligible equipment acquired on or after September 15, 2026, generally in the\nyear it becomes available for use. Qualifying Canadian development expenses\n(\"CDE\") incurred from that date would also become fully deductible.\nEligibility for equipment and CDE is assessed separately; the proposal does\nnot establish that Nord's tailings expenditures qualify. See Finance Canada's\nbackgrounder (https://api.newsfilecorp.com/redirect/kXMLAHQqqW).\n\nAs Prime Minister Mark Carney explained in his September 15 remarks\n(https://api.newsfilecorp.com/redirect/B5QekU2zzo): \"The effect is\nstraightforward: when you invest in Canada, you can deduct substantially more\nof that investment immediately.\"\n\nNord's existing tax position\n\nNord's audited 2025 financial statements\n(https://api.newsfilecorp.com/redirect/5WKbNH3zzx) disclose C$29.925 million\nin consolidated non-capital tax-loss carryforwards at December 31, 2025,\nexpiring between 2026 and 2045, with no related deferred tax asset recognized.\nAvailable losses may shelter future taxable income and limit the additional\nnear-term cash benefit of faster deductions. Their use is subject to\nentity-specific tax rules; the full consolidated balance should not be assumed\navailable against Gowganda income. Any benefit to Nord therefore depends on\nfinal legislation, qualifying expenditures and its future tax position.\n\nQualified Person\n\nFrank J. Basa, P.Eng. (PEO), Chief Executive Officer and a director of Nord,\nis a Qualified Person as defined by NI 43-101 and is not independent of the\nCompany.\n\nAbout Nord Precious Metals Mining Inc.\n\nNord Precious Metals Mining Inc. (TSXV: NTH) is advancing a silver-recovery\nand exploration strategy in Ontario's historic Cobalt-Gowganda mining camp.\nIts immediate priority is to put the technical, engineering, financing and\npermitting components in place for silver recovery at Gowganda, with the\nobjective of generating cash flow to support further exploration.\n\nNord's recovery strategy is anchored by its wholly owned TTL Laboratories\n(https://api.newsfilecorp.com/redirect/LqgrnUpnnv) in Cobalt, the only\npermitted high-grade milling facility in Ontario's historic Cobalt Camp. TTL\ncombines assay and bulk-sampling services with high-grade silver processing\ninfrastructure and silver doré pouring capability. Its crushing, screening\nand gravity equipment and bullion furnace give Nord a base for advancing its\nown projects and developing a broader processing business serving other\noperators across the historic Cobalt Camp. The Company intends to expand that\nregional role through technical work, commercial arrangements and the\nenvironmental approvals applicable to new material streams.\n\nThe Company's 63 sq. km combined Castle-Gowganda property, including 225\nhectares of leases, hosts the past-producing Siscoe-O'Brien, Castle and\nMillerett silver mines and the Castle East discovery. Nord continues to\nevaluate Castle East drilling results and the exploration-stage open-pit\nconcept described in its August 31, 2026 update\n(https://api.newsfilecorp.com/redirect/oPMDAca00J). It is also pursuing\nmetal-recovery opportunities involving the Re-2Ox hydrometallurgical process.\n\nMore information is available at www.nordpreciousmetals.com.\n\nFor further information please contact\n\nFrank J. Basa, P.Eng. | Chief Executive Officer | 416-625-2342\nWayne Cheveldayoff | Corporate Communications | 416-710-2410 |\nwaynecheveldayoff@gmail.com\n\nForward-Looking Statements\n\nThis news release contains forward-looking statements involving known and\nunknown risks, uncertainties and other factors that may cause actual results,\nperformance or achievements to differ materially from those expressed or\nimplied. Such statements are generally identified by words including\n\"expects,\" \"plans,\" \"intends,\" \"estimates,\" \"potential,\" \"may,\" \"could\" and\nsimilar expressions.\n\nForward-looking statements include statements regarding enactment and\nimplementation of the proposed tax measures; eligibility, timing and\ninvestment benefits of deductions; use of tax losses and future taxable\nincome; Gowganda engineering, equipment requirements, permitting, financing,\nsilver recovery and potential cash flow; successive recovery campaigns and\nTTL's regional processing business; Castle East exploration and conceptual\nopen-pit potential; and Re-2Ox opportunities.\n\nThese statements assume favourable final legislation and tax treatment,\neligible expenditures, sufficient taxable income where required, adequate\nfinancing, satisfactory technical and economic results, and receipt of\nnecessary approvals. Actual outcomes may differ because of legislative\nchanges, tax interpretations, entity-specific restrictions and expiry of\nlosses, financing conditions, metallurgical performance, environmental and\nwater-management requirements, consultation outcomes, permitting delays, costs\nand commodity prices. Preliminary work does not establish economic viability\nor a production decision.\n\nForward-looking information reflects the Company's expectations as of the date\nof this release. Readers should not place undue reliance on it. The Company\ndoes not undertake to update such information except as required by applicable\nlaw.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/316377","article_body_html":"","raw_payload":{"data":{"id":"nNFC94KMXl-20260929","title":"Nord Welcomes Federal Tax Proposal as It Advances Gowganda Silver Recovery","author":"Newsfile Corp","ticker":"NTH","created":"2026-09-29T11:31:12.277Z","tickers":["NTH"],"exchange":"","article_body":"Company highlights potential investment in processing and water systems as\nengineering and permitting advance\n\nCobalt, Ontario--(Newsfile Corp. - September 29, 2026) - Nord Precious Metals\nMining Inc. (TSXV: NTH) (OTCQB: NPMMF) (FSE: QN3) (\"Nord\" or the \"Company\")\nwelcomes the Carney government's proposed Productivity Mega Deduction\n(https://api.newsfilecorp.com/redirect/jNb5AFaqqy) as it advances engineering\nand permitting for its Gowganda Silver Tailings Project. The proposed\ninvestment incentives come as Nord defines the processing equipment and water\nsystems needed to build a silver-recovery operation around historical tailings\nalready at surface.\n\n\"Canada should be putting the value in its historic mining districts back to\nwork,\" said Frank J. Basa, P.Eng., Chief Executive Officer of Nord. \"At\nGowganda, we are defining the equipment and water systems needed to turn a\nsilver resource into a recovery business. We welcome policies that encourage\nthat investment. Responsible tailings recovery deserves a prominent place in\nCanada's resource development strategy.\"\n\nThe Mining Association of Canada has welcomed the proposal's broad support for\nmining and mineral-processing investment, including precious metals. In its\nSeptember 15 statement (https://api.newsfilecorp.com/redirect/vEXJZSamm8),\nPresident and CEO Pierre Gratton said: \"Today's announcement by Prime Minister\nCarney is transformative.\"\n\nThe case for reinvesting in established mining districts was also highlighted\nin Bryan Detchou's September 11 Northern Miner article, \"Canada's\ncritical-minerals shortcut is old mines.\"\n(https://api.newsfilecorp.com/redirect/Jk3X1cYqqP) Nord believes that\ninvestment agenda should also embrace responsible recovery of historical\ntailings.\n\nConnecting the proposal to Gowganda\n\nFor Nord, the clearest potential application is the equipment needed to turn\nGowganda's tailings into an operating recovery project: mineral-processing\nmachinery and systems to supply, recycle and treat process water. Permanent\nimmediate expensing of qualifying purchases could lower the after-tax cost of\nthat investment when Nord can use the deductions. It is a relevant\nconsideration as engineering defines the project's capital requirements and\nthe Company evaluates equipment that could serve successive recovery\ncampaigns.\n\nNord's September 15 resource update\n(https://api.newsfilecorp.com/redirect/GzLxZHWZZ4) reported an updated mineral\nresource estimate to support that work. Its September 22 engineering and\npermitting update (https://api.newsfilecorp.com/redirect/Q2WvnCpKKV) reported\nrevised process-design parameters, mass and water balances, and plans to draw\nprocess water from the underground mines. Nord is coordinating the\nrecovery-permit program with the separate water-taking and environmental\napprovals required for an operation. The objective is to establish Gowganda as\na base for a wider recovery business supported by TTL Laboratories in Cobalt.\nCommercial recovery remains subject to technical and economic work, financing\nand approvals.\n\nProposed measures and legislative status\n\nAs of September 26, 2026, the Department of Finance draft legislative\nproposals (https://api.newsfilecorp.com/redirect/mjMNAHk00G) have not been\nenacted. They would permanently allow a 100% deduction for a broad range of\neligible equipment acquired on or after September 15, 2026, generally in the\nyear it becomes available for use. Qualifying Canadian development expenses\n(\"CDE\") incurred from that date would also become fully deductible.\nEligibility for equipment and CDE is assessed separately; the proposal does\nnot establish that Nord's tailings expenditures qualify. See Finance Canada's\nbackgrounder (https://api.newsfilecorp.com/redirect/kXMLAHQqqW).\n\nAs Prime Minister Mark Carney explained in his September 15 remarks\n(https://api.newsfilecorp.com/redirect/B5QekU2zzo): \"The effect is\nstraightforward: when you invest in Canada, you can deduct substantially more\nof that investment immediately.\"\n\nNord's existing tax position\n\nNord's audited 2025 financial statements\n(https://api.newsfilecorp.com/redirect/5WKbNH3zzx) disclose C$29.925 million\nin consolidated non-capital tax-loss carryforwards at December 31, 2025,\nexpiring between 2026 and 2045, with no related deferred tax asset recognized.\nAvailable losses may shelter future taxable income and limit the additional\nnear-term cash benefit of faster deductions. Their use is subject to\nentity-specific tax rules; the full consolidated balance should not be assumed\navailable against Gowganda income. Any benefit to Nord therefore depends on\nfinal legislation, qualifying expenditures and its future tax position.\n\nQualified Person\n\nFrank J. Basa, P.Eng. (PEO), Chief Executive Officer and a director of Nord,\nis a Qualified Person as defined by NI 43-101 and is not independent of the\nCompany.\n\nAbout Nord Precious Metals Mining Inc.\n\nNord Precious Metals Mining Inc. (TSXV: NTH) is advancing a silver-recovery\nand exploration strategy in Ontario's historic Cobalt-Gowganda mining camp.\nIts immediate priority is to put the technical, engineering, financing and\npermitting components in place for silver recovery at Gowganda, with the\nobjective of generating cash flow to support further exploration.\n\nNord's recovery strategy is anchored by its wholly owned TTL Laboratories\n(https://api.newsfilecorp.com/redirect/LqgrnUpnnv) in Cobalt, the only\npermitted high-grade milling facility in Ontario's historic Cobalt Camp. TTL\ncombines assay and bulk-sampling services with high-grade silver processing\ninfrastructure and silver doré pouring capability. Its crushing, screening\nand gravity equipment and bullion furnace give Nord a base for advancing its\nown projects and developing a broader processing business serving other\noperators across the historic Cobalt Camp. The Company intends to expand that\nregional role through technical work, commercial arrangements and the\nenvironmental approvals applicable to new material streams.\n\nThe Company's 63 sq. km combined Castle-Gowganda property, including 225\nhectares of leases, hosts the past-producing Siscoe-O'Brien, Castle and\nMillerett silver mines and the Castle East discovery. Nord continues to\nevaluate Castle East drilling results and the exploration-stage open-pit\nconcept described in its August 31, 2026 update\n(https://api.newsfilecorp.com/redirect/oPMDAca00J). It is also pursuing\nmetal-recovery opportunities involving the Re-2Ox hydrometallurgical process.\n\nMore information is available at www.nordpreciousmetals.com.\n\nFor further information please contact\n\nFrank J. Basa, P.Eng. | Chief Executive Officer | 416-625-2342\nWayne Cheveldayoff | Corporate Communications | 416-710-2410 |\nwaynecheveldayoff@gmail.com\n\nForward-Looking Statements\n\nThis news release contains forward-looking statements involving known and\nunknown risks, uncertainties and other factors that may cause actual results,\nperformance or achievements to differ materially from those expressed or\nimplied. Such statements are generally identified by words including\n\"expects,\" \"plans,\" \"intends,\" \"estimates,\" \"potential,\" \"may,\" \"could\" and\nsimilar expressions.\n\nForward-looking statements include statements regarding enactment and\nimplementation of the proposed tax measures; eligibility, timing and\ninvestment benefits of deductions; use of tax losses and future taxable\nincome; Gowganda engineering, equipment requirements, permitting, financing,\nsilver recovery and potential cash flow; successive recovery campaigns and\nTTL's regional processing business; Castle East exploration and conceptual\nopen-pit potential; and Re-2Ox opportunities.\n\nThese statements assume favourable final legislation and tax treatment,\neligible expenditures, sufficient taxable income where required, adequate\nfinancing, satisfactory technical and economic results, and receipt of\nnecessary approvals. Actual outcomes may differ because of legislative\nchanges, tax interpretations, entity-specific restrictions and expiry of\nlosses, financing conditions, metallurgical performance, environmental and\nwater-management requirements, consultation outcomes, permitting delays, costs\nand commodity prices. Preliminary work does not establish economic viability\nor a production decision.\n\nForward-looking information reflects the Company's expectations as of the date\nof this release. Readers should not place undue reliance on it. The Company\ndoes not undertake to update such information except as required by applicable\nlaw.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/316377"},"type":"article","timestamp":"2026-09-29T11:31:12.340408531Z","server_sent_at_ms":1790681472340},"received_at":"2026-09-29T11:31:12.396Z","source_url":"https://www.newsfilecorp.com/release/316377"},"analysis":{"id":"143903","press_release_id":"155164","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Tax proposal is draft legislation only and has not been enacted as of September 26, 2026","Proposal does not establish that Nord's tailings expenditures qualify for the deduction","C$29.925M tax-loss carryforwards may already shelter income, limiting near-term benefit of faster deductions","Gowganda commercial recovery still subject to technical/economic work, financing and approvals; no production decision established"],"eventType":"other","narrative":"Nord Precious Metals welcomed Canada's proposed Productivity Mega Deduction, which would allow 100% immediate expensing of qualifying equipment and Canadian development expenses acquired on or after September 15, 2026.\n\nThe company ties the potential incentive to equipment and water-system investments for its Gowganda Silver Tailings Project, where engineering and permitting are advancing. However, the draft legislation has not been enacted and does not establish that Nord's tailings expenditures qualify.\n\nNord also disclosed C$29.925 million in non-capital tax-loss carryforwards at December 31, 2025, which may shelter future taxable income and limit any near-term cash benefit from faster deductions. Commercial recovery at Gowganda remains subject to technical and economic work, financing and approvals.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap silver tailings project leverages proposed (unenacted) Canadian tax incentive -- speculative policy angle with no hard economics."},"keyFigures":{"customDimensions":{"loss_expiry_range":"2026 to 2045","proposed_deduction":"100% immediate expensing of qualifying equipment and Canadian development expenses acquired on or after September 15, 2026","non_capital_tax_loss_carryforwards":"C$29.925 million"}},"quotedText":"It is a relevant consideration as engineering defines the project's capital requirements and the Company evaluates equipment that could serve successive recovery campaigns.","namedEntities":{"people":[{"name":"Frank J. Basa, P.Eng.","role":"CEO and Qualified Person"},{"name":"Pierre Gratton","role":"President and CEO, Mining Association of Canada"},{"name":"Bryan Detchou","role":"author, Northern Miner article"},{"name":"Wayne Cheveldayoff","role":"Corporate Communications"},{"name":"Mark Carney","role":"Prime Minister of Canada"}],"products":["Productivity Mega Deduction","Gowganda Silver Tailings Project","Re-2Ox hydrometallurgical process","Castle East"],"companies":[{"name":"Nord Precious Metals Mining Inc.","ticker":"NTH","relationship":"filer"},{"name":"TTL Laboratories","relationship":"subsidiary"},{"name":"Mining Association of Canada","relationship":"industry association"},{"name":"Department of Finance (Canada)","relationship":"regulator"}],"dollarAmounts":[{"amount":"C$29.925 million","context":"consolidated non-capital tax-loss carryforwards at December 31, 2025"}]},"materialImpact":{"score":2,"reasoning":"The release is largely commentary welcoming Canada's proposed (not yet enacted) Productivity Mega Deduction tax measures and ties them to the Gowganda project. The proposal does not establish Nord's expenditures qualify, and Nord's C$29.9M tax losses may already shelter income; no new project economics or hard milestones disclosed."},"tickerRelevance":{"others":[],"primary":"NTH"},"globalImportance":10,"audienceRelevance":8,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"micro-cap TSXV","eventGravity":"policy commentary / non-material update","issuerAuthored":true,"legislativeStatus":"draft, not enacted"}},"event_type":"other","event_type_secondary":["operations_update"],"sentiment":"neutral","material_impact_score":2,"narrative":"Nord Precious Metals welcomed Canada's proposed Productivity Mega Deduction, which would allow 100% immediate expensing of qualifying equipment and Canadian development expenses acquired on or after September 15, 2026.\n\nThe company ties the potential incentive to equipment and water-system investments for its Gowganda Silver Tailings Project, where engineering and permitting are advancing. However, the draft legislation has not been enacted and does not establish that Nord's tailings expenditures qualify.\n\nNord also disclosed C$29.925 million in non-capital tax-loss carryforwards at December 31, 2025, which may shelter future taxable income and limit any near-term cash benefit from faster deductions. Commercial recovery at Gowganda remains subject to technical and economic work, financing and approvals.","key_figures":{"customDimensions":{"loss_expiry_range":"2026 to 2045","proposed_deduction":"100% immediate expensing of qualifying equipment and Canadian development expenses acquired on or after September 15, 2026","non_capital_tax_loss_carryforwards":"C$29.925 million"}},"named_entities":{"people":[{"name":"Frank J. Basa, P.Eng.","role":"CEO and Qualified Person"},{"name":"Pierre Gratton","role":"President and CEO, Mining Association of Canada"},{"name":"Bryan Detchou","role":"author, Northern Miner article"},{"name":"Wayne Cheveldayoff","role":"Corporate Communications"},{"name":"Mark Carney","role":"Prime Minister of Canada"}],"products":["Productivity Mega Deduction","Gowganda Silver Tailings Project","Re-2Ox hydrometallurgical process","Castle East"],"companies":[{"name":"Nord Precious Metals Mining Inc.","ticker":"NTH","relationship":"filer"},{"name":"TTL Laboratories","relationship":"subsidiary"},{"name":"Mining Association of Canada","relationship":"industry association"},{"name":"Department of Finance (Canada)","relationship":"regulator"}],"dollarAmounts":[{"amount":"C$29.925 million","context":"consolidated non-capital tax-loss carryforwards at December 31, 2025"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T11:31:19.675Z","global_importance":10,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap TSXV","eventGravity":"policy commentary / non-material update","issuerAuthored":true,"legislativeStatus":"draft, not enacted"}},"durationMs":7251,"modelName":"glm-5.3-flashx"}}