Copper Fox Provides Update on Results of 2025 Program at Schaft Creek

Summary of the most recent news

• On March 13, 2026, Copper Fox Metals Inc. reported completion of the geotechnical, environmental, and hydrogeological program reports for the 2025 Schaft Creek program. The results show no significant changes from prior studies and indicate that the current geotechnical databases for the pit slope stability and rock storage footprint are sufficient to support a scoping-level study.
• The company notes that future programs will be needed to support permitting and to augment the databases to meet threshold industry standards for a preliminary feasibility-level study. The 2025 program was budgeted at CAD 15.8 million and focused on infrastructure-related investigations and data collection.
• A key finding is that the rock storage facility (RSF) footprints face significant foundation-related challenges and were deemed insufficiently assessed to inform beyond scoping-level studies. Supplemental field investigations, including test pits, drilling, and lab testing, are recommended.
• The reviews covered meteorological data, glacier monitoring, hydrometric data, and groundwater hydrogeology; the 2025 data align with historic datasets and increase confidence in the hydrogeological model.
• Elmer B. Stewart, Copper Fox President & CEO, framed the updates as part of an ongoing data collection program to guide planning for future programs and permitting activities.

How this news impacts the company and its stock

• Overall materiality: Routine - Neutral. The release provides an update on ongoing technical work, with no new drilling results, resource/reserve changes, or immediate financing steps. It confirms that Schaft Creek remains in the scoping study phase, with a recommended gap-analysis and additional field work to support permitting.
• Positive elements: Consistency with historical data; improved confidence in the conceptual hydrogeological model; the acknowledgement that future work (gap analysis and additional drilling/testing) is planned demonstrates ongoing project diligence.
• Potential concerns: The identification of insufficient assessment at RSF footprints highlights potential permitting and capital risk if additional studies reveal larger technical or cost challenges. The emphasis on permitting readiness and the need for further work could delay transition to prefeasibility and add to upfront development costs.

• Copper Fox Metals Inc. is a Canadian mineral exploration and development company with a diversified copper portfolio, including the Schaft Creek copper-gold-molybdenum-silver project in British Columbia (joint venture with Teck Resources Limited). Copper Fox retains a 25% carried interest in Schaft Creek, with Teck as operator (the SCJV). The flagship development narrative has historically focused on advancing Schaft Creek from scoping toward prefeasibility and eventual development, alongside exploration and development activities at Van Dyke (Arizona), Eaglehead (British Columbia), Mineral Mountain, and Sombrero Butte (Arizona).