STLLR Gold receives permit for Hollinger

Executive Summary

• STLLR Gold Inc. has been issued Ontario's first-ever "Recovery of Minerals" permit for its Hollinger Tailings Project in Timmins, Ontario, under a new provincial regime enacted in July 2025.
• The permit enables STLLR to proceed with additional technical work, bringing the company closer to reprocessing and remediating the historical tailings site.
• The company highlights the project's potential for near-term cash flow generation, low upfront capital requirements, and environmental remediation benefits.

Key Details

• Regulatory Milestone: The Hollinger Tailings Project is the first to receive a permit under Ontario’s new "Recovery of Minerals" regime, which aims to streamline permitting for mineral recovery and environmental remediation at historical mine sites.
• Project Location: Hollinger Tailings Project, located in Timmins, Ontario.
• Permit Scope: The authorization from the Ontario Ministry of Energy and Mines allows STLLR to proceed with additional technical work toward reprocessing and remediating the legacy site.
• Project Characteristics: Management describes Hollinger as having a "structurally low-cost profile," "straightforward metallurgy," and "low upfront capital requirements."
• Strategic Value: The project is positioned to generate meaningful cash flow in the current strong gold price environment and support STLLR’s broader growth pipeline in a capital-efficient manner.
• Stakeholder Engagement: STLLR continues to engage in discussions with local mill owners and regional stakeholders.

Notable Quotes

• Stephen Lecce, Minister of Energy and Mines: "Ontario is leading the way in responsible resource development... We are delivering on this mission as we issue Ontario's first ever recovery of minerals permit... The Hollinger tailings project shows how we can recover valuable minerals, remediate a century-old tailings facility, and create good-paying jobs in Timmins and across the North -- all at the same time."
• Keyvan Salehi, President, CEO and Director of STLLR: "Today marks a defining moment for STLLR and for Ontario's new recovery of minerals framework. As the first company in the province to secure a permit under this new system, we believe this achievement highlights both the quality of the Hollinger opportunity and our team's ability to execute."
• Keyvan Salehi, President, CEO and Director of STLLR: "Hollinger represents a compelling near-term value opportunity, combining low upfront capital requirements, an accelerated permitting pathway, a structurally low-cost profile and straightforward metallurgy."