NTH:CC - Nord Precious Metals to Develop Process for Silver Paste Production for Solar Cells and High-Tech Applications
(TheNewswire)
Nord Precious Metals and TemiskamingTesting Laboratories to develop advanced materials processing for thegreen market
April 3, 2024 – TheNewswire – Coquitlam, BC, Nord Precious Metals Mining Inc., (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt: 4T9B)(the "Company" or "Nord” or “Nord PreciousMetals”), is pleased to announce it is in development of a processto manufacture silver paste, a critical component for the solar cellsector and various high-tech applications. This innovative advancementunderscores Nord Precious Metals' commitment to driving technologicalinnovation in the materials and manufacturing sectors.
Nord Precious Metals is currently engaged indiscussions with leading cell producers across Canada to explorecollaborative opportunities. The Company eagerly anticipates thespecifications required for production, poised to leverage itsanalytical lab capabilities and research hub infrastructure toexpedite the commercialization process.
"Our focus on advancing analytical capabilitiesand research facilities (Temiskaming Testing Laboratories) aligns withour vision to become a premier destination for advanced materials andmanufacturing research in Canada," stated Matthew Halliday,P.Geo., COO of Nord Precious Metals. "Our team, led byworld-class experts including chemical engineer Dr. Anthony Dapaah,PhD, C. Chem, and metallurgical specialist Frank Basa, P. Eng,Ontario, is well-equipped to lead the charge in pioneering value-addedproducts like silver paste."
Nord Precious Metals has a proven track record ofinnovation, having achieved a remarkable 22.6% cobalt sulfateproduction on spec in 2018. Leveraging this expertise, the Company isstrategically positioned to capitalize on the growing demand forcritical metals and high-tech materials.
"We are excited to embark on this journey towardscommercialization," remarked Dr. Anthony Dapaah, PhD C. Chem.,Temiskaming Testing Laboratories’ esteemed analytical chemist."Our lab is fully prepared to undertake the production process,and we are eager to collaborate with Mr. Halliday in developing arobust business plan for widespread commercialapplications."
As Nord Precious Metals continues to pioneeradvancements in materials science, the company remains committed toexploring non-dilutive funding opportunities to support its transitiontowards cash flow. Moreover, Nord Precious Metals is actively engagedin discussions regarding the new recovery permit for tailings inOntario, further reinforcing its dedication to sustainable resourcemanagement and monetization strategies. By developing the process toproduce silver paste now, we can be ready to produce value-addedproduct once we are permitted to extract tailings and eventuallymining at the Castle System.
"We firmly believe that our Cobalt facility andColeman location are well-suited for the production of thisvalue-added product," added Matthew Halliday. "With thesupport of government initiatives and strategic partnerships, we areconfident in our ability to help drive economic growth and establishCanada as a global hub for critical metals and advancedmanufacturing."
Interested investors can access information about NordPrecious Metals at its website, NordPreciousMetals.com and its social media channels at X(Twitter), LinkedIn,Facebook, and YouTube for which links are available on the Company’swebsite.
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 theprolific and world-class silver-cobalt mining district of NorthernOntario. The Company has completed a 60,000 m drill program aimed atexpanding the size of the deposit with an update to the resourceestimate underway.
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 Northern Quebec where it has recently completed a nearly16,000-metre drill program on the Graal property, which is now part ofConiagas Battery Metals; (2) the prospective 1,000-hectare Eby-Ottogold property close to Agnico Eagle’s high-grade Macassa Mine nearKirkland Lake, Ontario where it is exploring; and (3) 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 Metals’ 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 .
“Frank J. Basa”
Frank J. Basa, P. Eng. Ontario
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng. Ontario
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
Caution Regarding Forward-LookingStatements
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. 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 are forward-looking.Forward-looking statements are not guarantees of future performanceand actual results may vary materially from those statements. Generalbusiness conditions are factors that could cause actual results tovary materially from forward-looking statements. The Company does not undertake to updateany forward-looking information in this news release or othercommunications unless required by law.
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