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The latest announcement is out from EDM Resources Inc ( (TSE:EDM) ).
EDM Resources Inc. reported that it met all major operational and financing goals for 2025 at its Scotia Mine project, including a US$58 million gypsum offtake agreement with pre-payment, a silver royalty deal and private placement to bolster its balance sheet, positive dense media separation study results, and confirmation of high-grade gold in concentrate that could enhance by-product value. Building on this foundation, the company has set 2026 milestones centred on securing Fisheries Act Authorization, finalizing project finance and offtake arrangements, updating technical studies and resource estimates, advancing gold exploration, and moving toward a formal production decision and the start of initial operations at the Scotia Mine, positioning EDM for a potentially pivotal year in transitioning from project advancement to active mining.
More about EDM Resources Inc
EDM Resources Inc. is a Canadian exploration and mining company that fully owns the Scotia Mine and related facilities near Halifax, Nova Scotia, along with several prospective exploration licenses in the surrounding region. The company, whose shares trade on the TSX Venture Exchange and the Frankfurt Exchange, is focused on restarting and advancing production at the Scotia Mine, with a primary emphasis on base metals and associated by-product opportunities.
Average Trading Volume: 113,913
Technical Sentiment Signal: Buy
Current Market Cap: C$8.54M
See more data about EDM stock on TipRanks’ Stock Analysis page.