Selkirk Copper Announces Award of Trade-Off Study and Engineering Work Packages

Executive Summary

• Selkirk Copper announced the award of comprehensive trade‑off study and engineering work packages to Hatch Ltd. (mine planning, mining, metallurgy, facilities) and SRK Consulting (water, tailings, waste rock management).
• The studies are intended to support a methodical restart decision for the former Minto copper‑gold‑silver mine, with a target restart window in early 2027 and completion of the integrated work packages by early Q2 2026.
• The engagement leverages Hatch’s and SRK’s prior experience at the Minto site, aiming to develop a cost‑efficient, environmentally sustainable redevelopment plan.

Key Details

• Scope of Work – Hatch Ltd.: Trade‑off study and engineering services covering mine planning, mining operations, metallurgical processes, processing facilities, and overall study integration.
• Scope of Work – SRK Consulting (Canada) Inc.: Engineering services focused on water management, tailings design, waste rock handling, geotechnics, and permafrost considerations.
• Project Timeline: Integrated work packages to be completed by early Q2 2026; restart decision targeted for early 2027.
• Strategic Rationale: Utilizes Hatch’s and SRK’s site‑specific expertise to produce a pragmatic, cost‑efficient restart plan that balances technical feasibility with environmental and social outcomes.
• Stakeholder Involvement: Selkirk Copper will coordinate with regulators, the Selkirk First Nation, local communities, and other stakeholders throughout the study phase.
• Company Positioning: Selkirk Copper emphasizes its strong financial position and controlling equity held by the Selkirk First Nation, underscoring confidence in advancing the Minto Mine redevelopment.

Notable Quotes

• M. Colin Joudrie, President & CEO: “Having the calibre of professionals from the Hatch and SRK organizations join the Selkirk Copper team…underpins our commitment to a methodical, well‑informed, and staged approach to pursue a potential restart decision…in early 2027.”
• Mark Deziel, Global Director of Mining, Hatch Ltd.: “Hatch is proud to be supporting Selkirk Copper in the development of the Minto Mine Project…delivering innovative, sustainable solutions that advance the project’s success while creating lasting benefits for local communities.”
• John Kurylo, Principal Engineer, SRK Consulting: “SRK is pleased to support Selkirk Copper as they investigate the restart of the Minto Mine…applying its understanding of site characteristics—including water, tailings, waste rock, geotechnics and warm permafrost—in this next stage of work.”

Materiality Assessment: Material – Positive (the engagement represents a significant step toward restarting operations at a former producing mine, with potential substantial impact on future cash flows and shareholder value).