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ICON 0.030 −33.3% ACS 0.070 +0.0% EMPR 0.850 +1.2% CYG 0.140 +0.0% IZN 0.080 +33.3% XXIX 0.110 +0.0% MERG 0.815 −4.1% LEGY 0.880 +0.0% GTWO 9.33 −2.1% CDA 0.920 +3.4% AUMB 0.580 +0.0% BOL 0.075 +15.4% ABRA 13.92 −3.4% GMIN 41.24 −2.0% PBM 0.045 +0.0% AEF 0.150 +3.5% ICON 0.030 −33.3% ACS 0.070 +0.0% EMPR 0.850 +1.2% CYG 0.140 +0.0% IZN 0.080 +33.3% XXIX 0.110 +0.0% MERG 0.815 −4.1% LEGY 0.880 +0.0% GTWO 9.33 −2.1% CDA 0.920 +3.4% AUMB 0.580 +0.0% BOL 0.075 +15.4% ABRA 13.92 −3.4% GMIN 41.24 −2.0% PBM 0.045 +0.0% AEF 0.150 +3.5%
Production / Operations

Selkirk Copper Mines Initiates Trading

By The Northwire Desk — AI Analysis Nov 04, 2025 · 08:01 VLV · 0.18 None
VLV · Price

Executive Summary

  • Selkirk Copper Mines’ common shares resumed trading on the TSX Venture Exchange under ticker “SCMI” following completion of a reverse take‑over acquiring 100% of the former Minto copper‑gold‑silver mine.
  • The transaction creates a newly formed, well‑financed entity controlled by Selkirk First Nation, with plans for a 50,000 m drill program and feasibility studies aimed at a restart decision in early 2027.
  • Venerable Ventures Ltd. will soon change its legal name to “Selkirk Copper Mines Inc.” pending regulatory approval.

Key Details

  • Trading Resumption: Shares began trading on TSXV under ticker SCMI at market open on 4 Nov 2025.
  • Reverse Take‑Over Transaction: Completed acquisition of 100% interest in the former Minto copper‑gold‑silver mine from Selkirk First Nation affiliates (details disclosed in Oct 29 2025 release and SEDAR filing).
  • Corporate Structure: Venerable Ventures Ltd. will retain its legal name until a pending name change to Selkirk Copper Mines Inc. is finalized.
  • Ownership: Controlling equity held by Selkirk First Nation, which also holds a controlling stake indirectly in the operating company.
  • Restart Plan Priorities:
  • Execution of a 50,000‑metre drilling program.
  • Completion of Trade‑Off Studies and Feasibility Study work.
  • Updating mine plans and securing permitting to support a potential restart decision early 2027.
  • Asset Summary:
  • 26,850 ha of prospective mineral claims in the Minto‑Carmacks copper belt.
  • Existing open‑pit & underground infrastructure, including a 4,100 t/d processing plant, 400‑person camp, water‑treatment facilities, and ancillary buildings/equipment.
  • Management Contact:
  • M. Colin Joudrie – President & CEO ([email protected])
  • Justin Stevens – Vice‑President Corporate Development ([email protected])

Notable Quotes

“We are pleased to resume trading and move forward with a comprehensive restart plan that leverages the strong partnership with Selkirk First Nation and our robust asset base.” – M. Colin Joudrie, President & CEO

Read the original news release →

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