EDM Announces Third Quarter 2026 Update and Advancement of Key Milestones
Key Highlights
- ➤Market capitalization rose to approximately C$54.8 million from C$5.9 million at 2026's beginning
- ➤Updated PFS targets first-quarter 2027 completion with SRK Consulting and Micon International engaged
- ➤Ore sorting could reject approximately 25% of feed mass while retaining substantial majority of contained zinc and lead
- ➤Warrant exercises generated approximately $263,747 in gross proceeds during the quarter
- ➤DFO continues reviewing EDM's Fisheries Act Authorization application, with final timing still subject to consultation
Expert Statements
Mark Haywood, President and CEO of EDM Resources Inc.
“The third quarter of 2026 represented another important period of progress for EDM as we continued advancing the Scotia Mine toward a production decision. We made progress across permitting, technical studies, exploration and corporate development, while strengthening the Company's capital markets position and advancing discussions with potential strategic and financing partners. Of particular importance is the progress made in evaluating the future processing configuration for the Scotia Mine, including the encouraging ore-sorting testwork results and preparations for our updated Pre-Feasibility Study. These initiatives are focused on improving the efficiency and economics of the Scotia Mine and establishing a stronger foundation for future project financing. With the Fisheries Act Authorization review continuing, technical work advancing and discussions with potential offtake and financing partners underway, we believe EDM is increasingly well positioned to advance the Scotia Mine toward a production decision and its next major development milestones.”
Halifax, Nova Scotia--(Newsfile Corp. - October 27, 2026) - EDM Resources Inc. (TSXV: EDM) (FSE: P3Z) (OTCQB: EDMFF) ("EDM" or the "Company") is pleased to provide a summary of its activities during the third quarter of 2026 and an update on key milestones supporting the advancement of the Scotia Mine toward production.
The President and CEO, Mr. Mark Haywood, stated: "The third quarter of 2026 represented another important period of progress for EDM as we continued advancing the Scotia Mine toward a production decision. We made progress across permitting, technical studies, exploration and corporate development, while strengthening the Company's capital markets position and advancing discussions with potential strategic and financing partners.
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