CCWOF - Nord Precious Metals Positioned to Benefit from Rising Silver Prices Driven by Solar Industry Demand for 204 Million Troy Ounces

(TheNewswire)

TTL continues to develop technologies for producing silver powder forthe solar industry

July 3, 2024 – TheNewswire – Coquitlam, BC, Nord Precious Metals Mining Inc., (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt: 4T9B)(the "Company" or "Nord” or “Nord PreciousMetals”), a leading exploration company specializing in silver andcobalt, is poised to capitalize on the recent surge in silver prices,driven significantly by increasing demand from the solar industry. Ashighlighted in Jenny Chase's recent interview, "Silver PriceSpikes as Solar Sucks Up Supply," the price of silver has reached its highest level in over adecade in 2024, fueled by macroeconomic factors and the growingadoption of more efficient, silver-intensive solartechnologies.

The solar industry has become a substantial consumer ofsilver, with approximately 16% of the global demand for silver in 2023attributed to the production of electrical contacts in solar cells.This demand is expected to rise even further in 2024, with silverusage in solar installations projected to increase by 50%, reachingabout 6.3 million metric tons, or 204 million troy ounces. This surgeis driven by the shift to more efficient TOPCon technology, which usessignificantly more silver than the previously dominant PERCtechnology. (Source: Silver Price Spikes asSolar Sucks up Supply , by JennyChase, BloombergNEF Solar Team.)

Matthew Halliday, P.Geo., President of Nord PreciousMetals, commented, "The rising demand for silver in the solarindustry presents an exciting opportunity for Nord Precious Metals.Our strategic focus on silver and cobalt exploration positions us wellto meet this growing demand and leverage the increasing value of ourresources."

Key insights from the articleinclude:

• “Use of silver in solar modules installed in 2023 wasapproximately 4.2 million metric tons, or 136 million troy ounces,with an additional 48 million troy ounces used in production but notyet installed. In 2024, silver used in actual installations isexpected to be about 50% higher at 6.3 million tons, or 204 milliontroy ounces”

• “The Silver Institute estimates that solar demandtotaled about 193.5 million troy ounces of silver last year, broadlyconsistent with BloombergNEF’s estimated 183 million troy ounces. In2024, demand will be only 20% higher, according to the institute, butit may be making conservative estimates about solar build this yearand the likely inventory built up for the end of 2024.”

• The transition to TOPCon technology, expected toaccount for 59% of the market in 2024, significantly increases silverconsumption compared to PERC technology.

• Despite efforts by solar manufacturers to reducematerial usage, the high efficiency and silver intensity of newtechnologies continue to drive silver demand and costs.

In conjunction with these market dynamics, TTL, asubsidiary of Nord Precious Metals Mining Inc., is working diligentlyto produce silver powder as a precursor to silver paste for the solarindustry. This initiative aims to enhance the company's role in thesupply chain for the burgeoning solar sector and further capitalize onthe increasing demand for silver.

In light of the "All Stars" zone discovery,Nord Precious Metals is initiating infill drilling on a grid betweenthe "All Stars" zone and the Robinson Zone, another key veinsystem within the Castle East property. This strategic drillingcampaign aims to investigate potential linkages between these veinsystems and unlock additional mineralization opportunities.

"The discovery of the 'All Stars' zone at CastleEast marks a turning point in our exploration endeavors," addedHalliday. "We are excited about the potential to link this newzone with the Robinson Zone and further enhance our resource base tomeet the rising demand for silver. By increasing our resource base we can move toward developing a ramp at Castle Eastwhich would supply critical silver to TTL for the production of silverpowder"

Nord Precious Metals remains dedicated to leveragingits expertise and strategic resources to capitalize on emerging marketopportunities and drive value for its stakeholders.

Qualified person

The technical information in this news release wasapproved and prepared under the supervision of Mr. Matthew Halliday,P.Geo., (PGO), President and COO of Nord Precious Metals, a qualifiedperson accordance with National Instrument 43-101.

About Nord Precious Metals MiningInc.

Nord Precious Metals Mining Inc. (formerly CanadaSilver Cobalt Works Inc.) recently discovered a major high-gradesilver vein system at Castle East located 1.5 km from its 100%-owned,past-producing Castle Mine near Gowganda in the prolific andworld-class silver-cobalt mining district of Northern Ontario. TheCompany has completed a 60,000 m drill program aimed at expanding thesize of the deposit with an update to the resource estimateunderway.

In May 2020, based on a small initial drill program,the Company published the region’s first 43-101 resource estimatethat contained a total of 7.56 million ounces of silver in Inferredresources, comprising very high-grade silver (8,582 grams per tonneun-cut or 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 verticaldepth of approximately 400 meters. Note that mineral resources thatare not mineral reserves and do not have demonstrated economicviability. Please refer to the Nord Precious Metals (previously CanadaSilver Cobalt Works) Press Release May 28, 2020, for the resourceestimate. Report reference: Rachidi, M. 2020, NI 43-101 TechnicalReport Mineral Resource Estimate for Castle East, Robinson Zone,Ontario, Canada, with an effective date of May 28, 2020, and asignature date of July 13, 2020.

The Company also has: (1) 14 battery metals propertiesin Ontario and Northern Quebec where it has recently completed anearly 16,000-metre drill program on the Graal property; and (2) St.Denis-Sangster lithium project – 260 square kilometers of greenfieldexploration ground with numerous pegmatites focussed along asignificant volcanic sedimentary rock – Archean granite contact nearCochrane, Ontario contiguous to Power Metals’ Case Lake Lithiumproperties.

Nord Precious Metal’s flagship silver-cobalt Castlemine and 78 sq. km Castle property feature strong exploration upsidefor silver, cobalt, nickel, gold, and copper. With underground accessat the fully owned Castle Mine, an exceptional high-grade silverdiscovery at Castle East, a pilot plant to produce cobalt-rich gravityconcentrates, a processing facility (TTL Laboratories) in the town ofCobalt, and a proprietary hydrometallurgical process known as Re-2Ox(for the creation of technical-grade cobalt sulphate as well asnickel-manganese-cobalt (NMC) formulations), Nord Precious Metals isstrategically positioned to become a Canadian leader in thesilver-cobalt space. More information is available at

www.nordpreciousmetals.com

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“Frank J. Basa”

Frank J. Basa, P. Eng. Professional EngineerOntario

Chief Executive Officer

For further information, contact:

Frank J. Basa

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff,

Corporate Communications

P: 416-710-2410

E: waynecheveldayoff@gmail.com

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

Caution Regarding Forward-LookingStatements

This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-looking statements. The Company does notundertake to update any forward-looking information in this newsrelease or other communications unless required by law.

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