Emperor Metals eyes Lac Pelletier permitting

Executive Summary

• Emperor Metals is advancing environmental closure planning for the Lac Pelletier mine property, targeting MRNF submission by late March and regulatory approval by late June.
• The project holds a fully authorized underground extraction permit allowing up to 1,000 tpd, positioning it as a near-development-stage operation with a clear pathway to production.
• A phased development plan is underway, encompassing a PEA, NI 43-101 resource updates, feasibility studies, and dewatering/rehabilitation, targeting production ramp-up by late 2027 to early 2028.

Key Details

• Environmental & Regulatory Timeline: Closure plan updates completed (including geochemistry of historical waste rock and soil/groundwater assessment); submission to MRNF scheduled for end of March; regulatory review and approval anticipated by end of June.
• Permit Status: Fully authorized underground extraction permit in place, enabling production capacity of up to 1,000 tonnes per day (tpd).
• Development Strategy: Phased approach designed to derisk the asset, beginning with a Preliminary Economic Assessment (PEA) followed by exploration and drilling to update the NI 43-101 mineral resource estimate.
• Technical Studies & Engineering: Comprehensive geotechnical, hydrological, geochemical, and mineral processing programs will feed into a feasibility study and updated NI 43-101 technical report.
• Mine Development Activities: Includes underground dewatering, rehabilitation, detailed engineering, and staged surface and underground construction.
• Production Target: Schedule targets production ramp-up by late 2027 to early 2028.
• Partnerships: Advancing work in collaboration with Eldorado Gold and with support from Norda Stelo.
• Qualified Person: John Florek, PGeo, President & CEO, reviewed and approved all technical information.

Notable Quotes

• "Environmental stewardship and regulatory certainty are core to our development strategy. By advancing closure planning and securing key environmental approvals early; while maintaining active engagement with regulators; we are positioning the project for a streamlined permitting process." – John Florek, CEO