EDM Selected to Showcase Scotia Mine at Canada Investment Summit

EDM Resources Inc. announced that its 100%-owned Scotia Mine has been selected to be showcased at the Canada Investment Summit, scheduled for September 14-15, 2026, in Nova Scotia. The company is advancing its mine restart strategy, having recently secured an amended provincial Industrial Approval and currently working on an updated Mineral Resource Estimate and Preliminary Feasibility Study.

The Scotia Mine is included in the Nova Scotia Digital Deal Book for distribution to investors, with management participating in networking activities including a reception hosted by Premier Tim Houston. CEO Mark Haywood emphasized that the amended Industrial Approval is in place, work is underway on the updated PFS/MRE, and the focus is increasingly shifting toward financing, offtake, and strategic partnerships.

Historical economic metrics from the December 2021 PFS are highlighted, including a C$31 million initial capital expenditure, a 69% after-tax IRR, and a 14-year mine life, with a caveat that current studies may yield materially different results.

EDM Resources Inc. (EDM) issued the announcement as a routine investor relations and marketing initiative aimed at attracting capital and offtake partners ahead of the targeted 2027 restart. The move aligns with the Q2 2026 update, during which management stated that preparations for the updated PFS were advancing and that the focus was shifting toward financing and offtake discussions.

The release does not disclose any new financial results, resource updates, permit approvals, or financing closings. Instead, it reinforces the company's ongoing narrative and strategic roadmap without introducing genuinely new, unexpected, or market-moving information. It serves as a positive but expected follow-up to the company's broader 2026 production and capital-raising objectives.

EDM Resources Inc. is a pre-revenue mining company focused on restarting the Scotia Mine, a past-producing open-pit zinc-lead-gypsum operation in Nova Scotia, Canada. The project is located approximately 60 km northeast of Halifax and features substantial existing infrastructure, including a processing plant, tailings management facilities, grid power, paved highway access, and proximity to the Port of Halifax and CN Railway. Upon restart, the mine is expected to become Nova Scotia's only primary zinc producer, supporting the province's critical minerals strategy.

The 2021 Preliminary Feasibility Study (PFS) outlined a 14-year mine life, C$31 million in initial capital expenditures, a 69% after-tax internal rate of return (IRR), and C$357 million in projected free cash flow. Management is actively evaluating gold as a byproduct, with historical concentrate assays showing up to 157 g/t Au. The company has also completed a positive Dense Media Separation (DMS) study to improve mill feed grades and operating economics.