Selkirk Copper and the Municipality of Skagway Announce Scoping Study with KPFF to Evaluate Critical Mineral Concentrate Shipping Options at the Port of Skagway

Selkirk Copper Mines Inc. (SCMI) has launched a Scoping Study in partnership with the Municipality of Skagway and KPFF Consulting Engineers to evaluate environmentally responsible shipping methods for critical mineral concentrates through the Port of Skagway. The company is funding the study up to US$200,000, with completion targeted for September 2026.

The initiative supports the company's mine restart strategy for the former Minto copper-gold-silver mine, aiming to establish a sustainable shipping methodology that aligns with community expectations and port operational requirements. This effort follows a year-long collaboration with the Municipality and Port of Skagway to assess available options.

Selkirk Copper Mines Inc. (SCMI) announced the engagement of engineering firm KPFF to evaluate port options, a routine step in the broader mine restart and permitting process for the Minto mine. Shipping logistics are a known prerequisite for restarting the operation, and retaining a reputable engineering firm for this evaluation is expected project development.

The US$200,000 cost associated with the engagement is immaterial to the company’s approximately C$286 million market cap and recent C$35 million equity raise. The news does not introduce new financial metrics, resource expansions, or operational breakthroughs. Instead, it confirms management's stated focus on establishing a sustainable supply chain for concentrate export. While the development is positive for long-term project viability, it does not materially alter the near-term financial outlook or catalyst timeline.

Selkirk Copper Mines Inc. is a development-stage mining company focused on restarting the former Minto copper-gold-silver mine in central Yukon, Canada. The project sits on the Minto-Carmacks Copper Belt and includes a 4,100 tpd processing plant, a 400-person camp, water treatment facilities, and extensive underground workings.

The company aims for a 12-15 year mine life with a target throughput of 4,100 tpd, producing approximately 30,000 tonnes per annum of CuEq concentrate. A legacy gold-silver stream, in place since 2007, was removed during the previous operator's bankruptcy, reclassifying the asset as a full co-product mine with 65% copper and 35% gold/silver revenue.

The company completed a 52,288-meter Phase 1 drill program in early 2026, expanding known resources and discovering new high-grade lenses. Phase 2 drilling (50,000m) is currently underway.