Copper Fox Commences PEA and Groundwater Flow Modeling to Support Future Permitting at Van Dyke ISCR Project

The most recent news (February 12, 2026) announces the commencement of an updated Preliminary Economic Assessment (PEA) and groundwater flow modeling for the 100% owned Van Dyke In-Situ Copper Recovery (ISCR) project in Arizona. The company has commissioned Moose Mountain Technical Services for the PEA and RGC Hydro Services LLC for the hydrogeological modeling. The estimated cost for the PEA is C$300,000. This follows the announcement (February 10, 2026) that a C$3,000,000 non-brokered private placement was fully subscribed at $0.65 per share.

The impact is positive but routine. While the move to update the PEA is a necessary developmental milestone, it is a preparatory step for a Pre-Feasibility Study (PFS) rather than a definitive economic result or a major discovery. - In-line with expectations: After raising C$3M, it was expected the company would deploy capital toward its primary projects. - De-risking: The groundwater model is critical for Arizona’s Aquifer Protection Permit (APP) and Underground Injection Control (UIC) processes. Without this data, the project cannot advance. - Scale: The C$300,000 cost is manageable given the recent raise, but it highlights the slow pace of development. Previous news (Sept 5, 2025) estimated the full cost of a Van Dyke PFS at US$23.4 million over three years. The current funding is only a fraction of what is required for the full PFS.

Copper Fox is a Canadian resource company focused on copper projects in Canada and the USA. - Flagship Project (Schaft Creek, BC): A 25% carried interest in a massive porphyry copper-gold-molybdenum-silver project with partner Teck Resources (Anglo Teck). - Secondary Flagship (Van Dyke, AZ): 100% owned ISCR project. Located in the Miami-Inspiration district. 2020 PEA showed a 17-year mine life and 85M lbs/year production capacity.