Ontario Issues First-Ever Recovery of Minerals Permit to STLLR Gold's Hollinger Tailings Project
STLLR Secures Pioneer Permit as Ontario Paves Way for Mine Waste Monetization
On February 12, 2026, STLLR Gold announced it has received the first-ever Recovery of Minerals permit issued by the Ontario Ministry of Energy and Mines under a newly established provincial framework. This permit is specifically for the Hollinger Tailings Project in Timmins, Ontario. The authorization allows STLLR to commence advanced technical work required to move the project toward reprocessing historic mine tailings for gold recovery and site remediation. This regulatory milestone follows the maiden Mineral Resource Estimate (MRE) for the project released in November 2025 and is part of a broader provincial effort to streamline permitting for the circular economy in mining.
This news is Material - Positive for three primary reasons: - Regulatory De-risking: Being the first company to successfully navigate the new "Recovery of Minerals" regime demonstrates strong government relations and a clear legal path to production. The presence of the Minister of Energy and Mines and the Minister of Northern Economic Development in the release signals high-level political support for the project. - Strategic Acceleration: The Hollinger Tailings Project represents a potential near-term cash flow opportunity with lower capital intensity compared to the company’s massive primary assets (Tower and Colomac). This permit allows STLLR to fast-track technical studies while its larger projects undergo multi-year environmental assessments. - Environmental & Social Validation: The project addresses legacy environmental issues in the City of Timmins. This provides STLLR with significant "social license" and strengthens its ESG profile, making it a more attractive target for institutional and strategic investors like Agnico Eagle.
STLLR Gold is a Canadian gold developer formed by the merger of Moneta Porcupine and Nighthawk Gold. - Tower Gold Project (Flagship): Located in the Timmins Mining Camp, Ontario. The 2025 PEA demonstrated an after-tax NPV5% of US$1.0 billion (at $2,500 Au) and an average annual production of 273,000 oz Au over a 19-year mine life. - Colomac Gold Project: A large-scale project in the Northwest Territories with a PEA showing 290,000 oz Au annual production potential. - Hollinger Tailings Project: A remediation-focused reprocessing project in Timmins with a maiden MRE of 412k oz Au (Indicated) and 93k oz Au (Inferred).