02:34 PM EST, 01/05/2026 (MT Newswires) -- Battery Mineral Resources ( BTRMF ) was at last look up 11% on Monday after saying it had agreed with Nord Precious Metals Mining ( CCWOF ) to sell its 100% interest in the Gowganda silver tailings project mining leases in Ontario, Canada. NTH was also up, more than 5% in its case.

"We are pleased to enter into this Transaction for our shareholders, providing approximately $6.0 million of value along with a 3.0% NSR Royalty," said Battery Mineral Resources ( BTRMF ) Chief Executive Laz Nikeas. "The Transaction allows us to realize on the value of the silver tailings and includes royalty upside to provide ongoing exposure to the asset. Upon completion of this Transaction, we will become a shareholder of Nord and will continue to support and encourage their efforts."

Nord has agreed to buy the company's four mining leases comprising the Gowganda silver tailings project on an "as-is where-is" basis for the following $1 million cash on the closing date, and $1.25 million in Nord shares on the closing date at $0.284 per share, and a 3.0% net smelter returns royalty on the project, as well as a deferred consideration of $1.25 million on each of the first, second and third anniversaries of the closing date of the deal for a total of $3.75 million.

The company expects the deal to be completed in mid-January 2026.

For its part, NTH noted the Gowganda property is adjacent and contiguous to its' existing mining leases. It said the proposed transaction consolidates its' position in "one of Canada's most prolific historical silver-cobalt districts at a moment when silver prices have reached record levels, Ontario has enacted it's One Project, One Process permitting framework, and the province has launched a $500 million Critical Minerals Processing Fund to expand domestic processing capacity".

Shares of BMR were last seen up 11% at $0.15 on the TSX Venture Exchange, while NTH was up 5.2% at $0.305

Price: 0.15, Change: +0.02, Percent Change: +11.11