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Venerable Ventures ( (TSE:SCMI) ) just unveiled an announcement.
Selkirk Copper Mines Inc., a Yukon-focused copper-gold-silver miner backed by a controlling interest from Selkirk First Nation, is advancing the restart of the former Minto mine using existing processing and camp infrastructure. With extensive mineral claims and facilities in the Minto-Carmacks copper belt, the company is positioning itself as a near-term producer in partnership with the local self-governing First Nation.
The company has begun trading on the OTCQB Venture Market in the U.S. under the symbol SKRKF, while maintaining listings in Canada and Germany, and has secured DTC eligibility to facilitate electronic settlement for American investors. Management says the U.S. listing and DTC status are expected to boost visibility, liquidity, and access to capital, broadening the shareholder base as Selkirk Copper promotes its plans to create long-term value through the Minto mine restart.
More about Venerable Ventures
Selkirk Copper Mines Inc. is a well-financed, newly formed mining company focused on restarting and redeveloping the former Minto copper-gold-silver mine in Yukon, Canada, using environmentally sustainable practices. The company, which controls 26,850 hectares of mineral claims and substantial existing mine infrastructure in the Minto-Carmacks copper belt, is majority-owned indirectly by the self-governing Selkirk First Nation, aligning its operations closely with local Indigenous interests.
Selkirk Copper’s assets include open-pit and underground infrastructure, a 4,100 tonne-per-day processing plant, a 400-person camp, water treatment facilities, access roads, and a power line located on or adjacent to Selkirk First Nation lands. Working in partnership with Selkirk First Nation, the company is advancing an exploration drilling campaign and a restart plan aimed at delivering near-term copper, gold, and silver production from this established mining district.
Average Trading Volume: 504,830
Technical Sentiment Signal: Buy
Current Market Cap: C$82.01M
See more data about SCMI stock on TipRanks’ Stock Analysis page.
