Scottie Resources and Nisga'a Nation Enter into Capacity Funding Agreement, Commencing the Path Towards Negotiations for an Impact Benefit Agreement for the Scottie Gold Mine Project

On May 12, 2026, Scottie Resources announced a Capacity Funding Agreement (CFA) with the Nisga’a Lisims Government to advance the permitting review for the Scottie Gold Mine Project. The CFA funds the Nation’s independent technical reviews and legal costs linked to negotiating an Impact Benefit Agreement (IBA). The parties have also agreed on an “Interaction Matrix” to identify project impacts, guiding 2026 environmental baseline studies. The release re-states the PEA economics (703 k oz inferred at 6.1 g/t, after‑tax NPV $215.8 M–$831.7 M, initial capex $128.6 M) and emphasises the strong working relationship.

The CFA is a natural and expected follow‑up to the March 25, 2026 determination that the project is below the thresholds for a formal environmental assessment. That earlier milestone explicitly referenced ongoing engagement with the Nisga’a Nation, so funding the Nation’s capacity to participate in permitting is a procedural, albeit positive, step. Nothing in the release alters the project’s known economics, resource size, or timeline. The market had already priced in steady permitting progress; thus, the news is incremental. No new technical or financial data are provided, and no binding IBA exists yet. The rating is Routine – Positive because it derisks the social‑license path but is fully in line with prior disclosures.

Scottie Resources is a Canadian gold developer focused on its 100%‑owned Scottie Gold Mine Project in British Columbia’s Golden Triangle, ~40 km from a deep‑sea port. The project envisions a low‑capex Direct Shipping Ore (DSO) model: mined material is crushed, sorted, and sold as a gold concentrate to Asian smelters, eliminating a conventional mill and tailings facility. A May 2025 maiden inferred resource contains 703 k oz Au (528 k oz underground at 8.7 g/t; 174 k oz open‑pit at 3.2 g/t). The October 2025 PEA projects an after‑tax NPV(5%) of C$215.8 M at US$2,600/oz gold (IRR 60.3%), rising to C$668.3 M at US$4,200/oz, with initial capex of C$128.6 M and a 1.7‑year payback. A toll‑milling scenario could lift NPV to C$831.7 M. The company also holds extensive regional claims (~58,500 ha) and has a strategic offtake/financing partner in Ocean Partners.