FULL DISCLOSURE: Nord Precious Metals is a sponsor of theDeepDive.ca.
Cobalt Ontario might be the most important town in mining no one is talking about. In this DD on the Go episode, we visit Nord Precious Metals (TSXV: NTH) where a forgotten district with century old tailings may suddenly be on one of the fastest pathways to production in Canada. Ontario has introduced a new 80 day permit track for tailings recovery and Nord is one of the only companies already sitting on a fully permitted processing facility right in the heart of the historic Cobalt camp.
We walk through the old TTL Labs mill where visible native silver still shows up in tailings and modern gravity circuits are upgrading material the old stamp mills missed. We look at the Castle property where bonanza grade silver drilling has returned numbers as high as 89,853 g/t and where 60,000 metres of drilling hasn’t even been included in the current resource.
But this is also a real world look at the risks. Nord faces a working capital deficit, a frustrated shareholder base, and a management team with something to prove. If the 80 day pathway works and if the company executes, this forgotten mining district could be back on the map fast. If not, investors will quickly find out.
FULL DISCLOSURE: Nord Precious Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Nord Precious Metals. The author has been compensated to cover Nord Precious Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
