Original News Release
Moon River files technical report on Endako restart
Mr. Paul Parisotto reports
MOON RIVER MOLY LTD. ANNOUNCES FILING OF TECHNICAL REPORT FOR THE ENDAKO MINE RESTART PRELIMINARY ECONOMIC ASSESSMENT
Moon River Moly Ltd. has filed an independent technical report entitled the National Instrument 43-101 technical report for the Endako mine restart preliminary economic assessment (PEA) dated Jan. 5, 2026, with an effective date of Nov. 21, 2025.
The Endako mine complex in British Columbia, currently on care and maintenance, comprises an open-pit molybdenum mine, concentrator and roaster, located approximately 190 kilometres west of Prince George, B.C. The PEA examines the potential restart of operations at the Endako mine.
On May 30, 2024, Moon River completed the indirect acquisition of a 25-per-cent interest in the Endako mine from Sojitz Corp., a Japanese multinational company. The Endako mine is jointly owned by Moon River (25 per cent) and Centerra Gold Inc. (75 per cent), and operates through a joint venture company. While Centerra is aware that this PEA was being prepared for Moon River, it has neither participated in nor endorsed the work.
The Endako mine restart technical report is available under the company's profile on SEDAR+ and on the company's website.
There are no material differences in the Endako mine restart technical report from the disclosure in the company's news release dated Nov. 21, 2025. The report is dated Jan. 5, 2025, with an effective date of Nov. 21, 2025.
The report was prepared by A-Z Mining Professionals Ltd. (AMPL).
Qualified person
The scientific and technical content of this news release was reviewed, verified and approved by Brian LeBlanc, PEng, president of AMPL and a qualified person (QP) as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. LeBlanc is the QP responsible for the scientific and technical information contained in this news release.
About Moon River Moly Ltd.
Moon River is a Canadian-based resource company focused on the acquisition, exploration and development of mineral projects. Moon River is focused on the development of the Davidson property, which hosts a large molybdenum-tungsten deposit and is located near Smithers, B.C. The company also holds 25 per cent of one of the largest molybdenum mines in North America, the Endako mine complex, also located in British Columbia.
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