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Nord Precious Metals

Silver developer, with a project stated to be in Cobalt, Ontario.

Ontario · Canada — as stated on the recordings

developer silver Ontario, Canada
Aug 2025 → Jun 2026Covered
7 of 10Topics on record
4Figures tracked over time
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 3 interviews with the company
Stage
Developer
Primary commodity
Silver
Jurisdiction
Cobalt, Ontario
Deposit
tailings reprocessing and hard rock mining
Latest appearance
02 Jun 2026
On record
3 interviews · 43 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
2.9 million ounces
Management-stated Frank Basa Jun 2026
Grade
over 89,000 g per ton silver over 0.3 meters at Castle East
Management-stated Frank Basa Nov 2025
Capital needed
$2 million spent fixing the TTL mill
Management-stated Frank Basa Nov 2025
What happens next
over 100,000 meters of drilling on Castle East property
Management-stated Frank Basa Jun 2026
The main open question
The deposit relies on untested mining assumptions: narrow vein widths (30–60 cm to 2 m) make surface drilling prone to misses, gravity-circuit upgrading is unproven at scale, and the mill is undersized at 60 tons/day—far below the…
Weighed from the statements below, not our opinion of the company.
Our reading

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Recovery ≠ Different basis One statement qualifies the figure and the other does not (gold, silver) 2 statements on record
28 Nov 2025
3 to 5% gold in silver doray bars, 80% silver
“The gold is about 3 to 5%. Oh, it' be uh be about 80% uh silver.”
02 Jun 2026
85%
“they came back with a also reasonable recovery about 85%”
Grade ≠ Different basis One statement qualifies the figure and the other does not (silver) 4 statements on record
13 Aug 2025
up to 89,000 grams a ton, about 2,600 ounces silver
“we have grades up to 89,000 grams a ton, which is about 2,600 ounces on silver.”
28 Nov 2025
4 to 10 ounces a ton in low-grade tailings upgraded to about 12,000 ounces a ton
“We were able to take the low grade tailings, depending how you call, 4 to 10 ounces a ton to about 12,000 ounces a ton.”
Resource size ? Stated at several levels 4 statements on record — these are the earliest and the latest, not a trend 4 statements on record
13 Aug 2025
7 and a half million ounces at 250 ounces
“we have 7 half million ounces at 250 ounces of.”
02 Jun 2026
2.9 million ounces
“they came up with a very conservative number of 2.9 million ounces”
Permitting ? Wording changed No comparable date in one of the two statements 3 statements on record
13 Aug 2025
mill is fully permitted and grandfathered
“It it got grandfathered. You know, usually what they do when you're around long enough, they kind of say, "Well, it's been here." And they kind of grandfathered. But we do it's fully permitted and uh …”
02 Jun 2026
recovery permit process active as of July 1st, 2025
“the province of Ontario has introduced a new recovery permit process active as of July 1st, 2025”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Nord Precious Metals's own claims across 3 interviews — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management claims a high-grade silver asset with dual upside: legacy tailings grading 4–10 oz/ton can be processed at 5,000 tons/day through a permitted mill (yielding ~2,500 oz/day), while exploration has outlined 7–12 million ounces at…

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management claims a high-grade silver asset with dual upside: legacy tailings grading 4–10 oz/ton can be processed at 5,000 tons/day through a permitted mill (yielding ~2,500 oz/day), while exploration has outlined 7–12 million ounces at 8,500 g/ton across 29+ veins, with drilling delivering world-class grades exceeding 89,000 g/ton. An expedited Ontario permitting pathway (80 days vs. 6 years historically) and a grandfathered processing facility position the company to move tailings to production as early as summer 2026.

▼ Bear case

The deposit relies on untested mining assumptions: narrow vein widths (30–60 cm to 2 m) make surface drilling prone to misses, gravity-circuit upgrading is unproven at scale, and the mill is undersized at 60 tons/day—far below the…

What it rests on
Evidence: 3 moments from 3 interviews
Read the full case

The deposit relies on untested mining assumptions: narrow vein widths (30–60 cm to 2 m) make surface drilling prone to misses, gravity-circuit upgrading is unproven at scale, and the mill is undersized at 60 tons/day—far below the 5,000-ton throughput claimed. The company carries a $4 million working capital deficit from unmet flow-through spending. Over 60,000 m of drilling remains outside the resource calculation, and the new permitting timeline is theoretically possible but untested; the previous permit amendment took six years.

◆ Watch next

Monitor permit application filing and milestone hits under Ontario's July 2025 expedited rules—80-day timeline if every step is met.

What it rests on
Evidence: 2 moments from 2 interviews
Read the full case

Monitor permit application filing and milestone hits under Ontario's July 2025 expedited rules—80-day timeline if every step is met. Track summer 2026 tailings processing start and daily ounce recovery performance (target 2,500 oz/day). Watch for hard-rock mining transition from the Castle East veins and any capital raise or financing announcements to close the $4 million working capital gap.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 34 statements

The deposit 16

Key takeaway. Management describes the deposit as comprising high-grade silver veins, legacy tailings and waste rock, and a Castle East high-grade discovery (Nov 2025).

Read the full summary

On resource size, the company's figures vary across interviews: about 2.9 million ounces (Jun 2026), "7 to 12 million ounces of silver" (Nov 2025), 5 million ounces on a tailings deposit (Nov 2025), and "7 and a half million ounces at 250 ounces" (Aug 2025). Grades are reported as over 8,500 g a ton (Nov 2025), over 89,000 g per ton silver over 0.3 meters at Castle East (Nov 2025), and "4 to 10 ounces a ton in low-grade tailings upgraded to about 12,000 ounces a ton" (Nov 2025), as well as up to 89,000 grams a ton or about 2,600 ounces silver (Aug 2025). On exploration upside, the company says at least 29 veins have been identified with potentially more (Jun 2026), over 60,000 metres of drilling is not included in the resource calculation (Nov 2025), five vein structures were identified (Aug 2025), and waste rock material previously left in piles offers further potential (Aug 2025). The company also reports an 85% recovery rate (Jun 2026).

What was actually said
deposit type
tailings reprocessing and hard rock mining
“Our intent was to move those tailings one way or the other because we want to get out the hard rock.”
Frank Basa· 02 Jun 2026·
exploration upside
at least 29 veins identified, potentially more
“she comes back says, "You have at least 29, if not more."”
Frank Basa· 02 Jun 2026·
recovery rate
85%
“they came back with a also reasonable recovery about 85%”
Frank Basa· 02 Jun 2026·
Show the other 13 statements
resource size
2.9 million ounces
“they came up with a very conservative number of 2.9 million ounces”
Frank Basa· 02 Jun 2026·
deposit type
legacy tailings and waste rock, Castle East high-grade discovery
“They're surrounded by legacy tailings and waste rock that still carry silver values.”
Frank Basa· 28 Nov 2025·
exploration upside
over 60,000 metres of drilling not included in resource calculation
“And none of that resource includes the last 60,000 m of drilling the company has conducted.”
Frank Basa· 28 Nov 2025·
grade
over 89,000 g per ton silver over 0.3 meters at Castle East
“Drilling a Castle East has delivered some of the highest silver grades in the world, including results like over 89,000 g per ton silver over 0.3 meters.”
Frank Basa· 28 Nov 2025·
grade
over 8,500 g a ton
“Today, exploration has outlined an inferred resource of 7 12 million ounces of silver at an average grade of over 8,500 g a ton.”
Frank Basa· 28 Nov 2025·
grade
4 to 10 ounces a ton in low-grade tailings upgraded to about 12,000 ounces a ton
“We were able to take the low grade tailings, depending how you call, 4 to 10 ounces a ton to about 12,000 ounces a ton.”
Frank Basa· 28 Nov 2025·
resource size
7 12 million ounces of silver
“Today, exploration has outlined an inferred resource of 7 12 million ounces of silver at an average grade of over 8,500 g a ton.”
Frank Basa· 28 Nov 2025·
resource size
5 million ounces on a tailings deposit
“But, you know, you have a tailing deposit like the one we were on, 5 million ounces.”
Frank Basa· 28 Nov 2025·
deposit type
high-grade silver veins
“we have grades up to 89,000 grams a ton, which is about 2,600 ounces on silver.”
Frank Basa· 13 Aug 2025·
exploration upside
waste rock material previously left in piles
“Our tailings, you know, I'll give you a good example. Our tailings are 4 to 10 ounces a ton. These are historic tailings.”
Frank Basa· 13 Aug 2025·
exploration upside
five vein structures identified so far
“We've identified so far five vein structures.”
Frank Basa· 13 Aug 2025·
grade
up to 89,000 grams a ton, about 2,600 ounces silver
“we have grades up to 89,000 grams a ton, which is about 2,600 ounces on silver.”
Frank Basa· 13 Aug 2025·
resource size
7 and a half million ounces at 250 ounces
“we have 7 half million ounces at 250 ounces of.”
Frank Basa· 13 Aug 2025·

Jurisdiction 6

Key takeaway. Management says the company operates out of Cobalt, Ontario, Canada.

Read the full summary

They report that the mill is fully permitted and grandfathered (as of August 2025), and that a recovery permit process is active. Further, they say a new, expedited tailings permitting pathway was introduced on July 1st, 2025, though the latter two claims come from different interviews (June 2026 and November 2025, respectively).

What was actually said
permit status
recovery permit process active as of July 1st, 2025
“the province of Ontario has introduced a new recovery permit process active as of July 1st, 2025”
Frank Basa· 02 Jun 2026·
country
Canada
“The province of Ontario is now expediting permitting for recovery of tailings.”
Frank Basa· 28 Nov 2025·
permit status
expedited tailings permitting pathway introduced July 1st, 2025
“This new government pathway came into effect on July 1st of this year.”
Frank Basa· 28 Nov 2025·
Show the other 3 statements
region
Cobalt, Ontario
“Nord, for a company with a tiny market cap, is perfectly situated for this development because they have a permitted processing facility in a town that is more than just a footnote in Canadian history. That town is Cobalt, Ontario.”
Frank Basa· 28 Nov 2025·
permit status
mill is fully permitted and grandfathered
“It it got grandfathered. You know, usually what they do when you're around long enough, they kind of say, "Well, it's been here." And they kind of grandfathered. But we do it's fully permitted and uh we're good to go.”
Frank Basa· 13 Aug 2025·
region
Ontario
“only one in in Canada in in Ontario”
Frank Basa· 13 Aug 2025·

Technical risk 12

Key takeaway. Management has identified several technical risks for the project.

Read the full summary

Drilling from surface at angles to hit vertical veins can miss targets, the company stated in June 2026. In November 2025, management reported a nearly $4 million working capital deficit from flow-through spending commitments not being met, and noted that a permit amendment process previously took six years (August 2025). Key assumptions underpinning the project include narrow vein widths of 30 to 60 centimeters, up to two meters, at grades of hundreds of ounces per ton (June 2026); a tailings grade of 4 to 10 ounces per ton with a gravity pilot circuit that can upgrade tailings via spirals (November 2025); a mill designed for 60 tons per day capacity (August 2025); and that a 1,000-ounce silver bar can be produced from 20 tons of waste rock (August 2025).

What was actually said
key assumption
price of silver 20 to 30 an ounce, potentially moving to 60 an ounce
“we're looking at silver only about 20 to $30 an ounce. Uh so, you know, we we kind of now might have to move that up to maybe $60 an ounce.”
Frank Basa· 02 Jun 2026·
key assumption
narrow vein widths of 30 to 60 centimeters, up to 2 meters, at grades of hundreds of ounces a ton
“the narrow width, which is 30 or 60 centimeters, but you can go 2 meters and the grades are still like in a hundreds of ounces a ton”
Frank Basa· 02 Jun 2026·
stated risk
drilling from surface at angles to hit vertical veins can miss targets
“you're drilling from surface, you have to drill at an angle to hit a vertical vein and you can miss it”
Frank Basa· 02 Jun 2026·
Show the other 9 statements
key assumption
recovery rate of half on tailings deposit over an ounce a ton yields 2,500 ounces per day at 5,000 tons per day
“You recover half, right? So, you got 2,500 ounces met a day on a tailings deposit.”
Frank Basa· 28 Nov 2025·
key assumption
gravity pilot circuit can upgrade tailings via spirals
“Lightweight, lowmaintenance spirals that upgrade old tailings, basically fine sand into a silverrich concentrate the old stamp mills never caught.”
Frank Basa· 28 Nov 2025·
recovery rate
3 to 5% gold in silver doray bars, 80% silver
“The gold is about 3 to 5%. Oh, it' be uh be about 80% uh silver.”
Frank Basa· 28 Nov 2025·
stated risk
nearly $4 million working capital deficit from flow through spending commitments not being met
“The company has nearly a $4 million working capital deficit that largely arises from flow through spending commitments not being met”
Frank Basa· 28 Nov 2025·
key assumption
tailings grade 4 to 10 ounces a ton
“Our tailings, you know, I'll give you a good example. Our tailings are 4 to 10 ounces a ton.”
Frank Basa· 13 Aug 2025·
key assumption
veins historically left behind at 5,000 grams per ton silver
“we regularly hit veins that are 5,000 grams a ton silver. You know, in the old days, 5,000 grams a ton silver is a waste.”
Frank Basa· 13 Aug 2025·
key assumption
1,000 ounce silver bar produced from 20 tons waste rock
“out of waste pile, we poured a thousand ounce silver bar”
Frank Basa· 13 Aug 2025·
metallurgy
mill designed for 60 tons a day capacity
“The mill is actually designed for very small tonnage. Basically, uh, it's designed to only about 60 tons a day.”
Frank Basa· 13 Aug 2025·
stated risk
permit amendment process previously took 6 years
“we went for what we called an amendment to our closure plan and that took us six years”
Frank Basa· 13 Aug 2025·

Economics 1 statement

Financing 1

What was actually said
capex
$2 million spent fixing the TTL mill
“We spent $2 million fixing it.”
Frank Basa· 28 Nov 2025·

Timeline 4 statements

Timeline 4

Key takeaway. Management outlined a series of upcoming milestones.

Read the full summary

In August 2025, the company reported that processing of tailings is expected "summer next year" — by mid-2026 — and noted that Ontario had changed its permitting process "July this year," with a mineral recovery permit now possible "in as little as 80 days." Separately, in November 2025, the company also cited the 80-day window under the new rules. A further target of over 100,000 meters of drilling on the Castle East property is pegged to June 2026.

What was actually said
milestone
over 100,000 meters of drilling on Castle East property
“we will have over 100,000 mters”
Frank Basa· 02 Jun 2026·
permit timing
mineral recovery permit in as little as 80 days under new Ontario rules
“If a company hits every step on time, the province says you could get a mineral recovery permit in as little as 80 days.”
Frank Basa· 28 Nov 2025·
milestone
processing tailings summer next year
“So hopefully next year, summer next year, we'll be uh processing the tailings.”
Frank Basa· 13 Aug 2025·
Show the other 1 statement
permit timing
July this year they changed the permitting process, 80 days
“So July this year, they've changed the permitting process. Apparently now we can get a permit in 80 days.”
Frank Basa· 13 Aug 2025·

Corporate 4 statements

Management 3

Key takeaway. Management at Nord Precious Metals points to the team's experience at Agnico Eagle.

Read the full summary

The CEO previously worked for Agnico Eagle (Aug 2025), and Frank Bassa worked at the company using a tailings reprocessing model (Jun 2026). Earlier the company noted that Frank Bassa worked with Agnico Eagle 35 years ago (Nov 2025).

What was actually said
track record
Frank Bassa worked at Agnico Eagle using tailings reprocessing model
“when I work with them at Agniko Eagle and to this day they still use the same model”
Frank Basa· 02 Jun 2026·
track record
Frank Bassa worked with Agnico Eagle 35 years ago
“like I said when I was with Nico 35 years ago”
Frank Basa· 28 Nov 2025·
track record
CEO previously worked for Agnico Eagle
“a CEO who has a history with one of the largest gold miners in the world in Agniko Eagle”
Frank Basa· 13 Aug 2025·

Market 1

What was actually said
cost curve position
tailings processing at 5,000 tons a day with contractors paid against bar
“You can put that into production. They let you go up to 5,000 tons a day.”
Frank Basa· 28 Nov 2025·

Sources 3 interviews

Every interview 3

DateChannelInterviewStatements
02 Jun 2026 The Deep Dive Ontario’s Fast Track to Silver Production Is Starting to Matter | Frank Basa - Nord Precious Metals 10
28 Nov 2025 The Deep Dive I Went to See the Highest Grade Silver on Earth | Nord Precious Metals [DD-on-the-GO] 18
13 Aug 2025 The Deep Dive Why Grade Beats Size in Silver Mining | Frank Basa - Nord Precious Metals 15

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

agnico eagle 2
silver 2
castle east 1
castle mine 1
cobalt (commodity) 1
dolly varden 1
gold 1
gowganda tailings 1

Questions people ask

What is Nord Precious Metals's project and where is it?

Nord Precious Metals is a developer silver company, with a project stated to be in Ontario, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Nord Precious Metals?

We track 3 interviews mentioning Nord Precious Metals, across 1 channel (The Deep Dive).

What are investors saying about Nord Precious Metals?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Nord Precious Metals cover?

The most-discussed topics on record are the deposit, technical risk, jurisdiction, timeline — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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