Northwire Canada EditionMonday, July 27, 2026
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URC 4.02 −3.6% BEX 0.085 +6.2% SUM 1.33 +0.8% FMN 0.270 +10.2% PHNM 0.400 +11.1% HDRO 1.11 −6.7% PWM 0.630 +0.0% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.115 −8.0% DNO 0.430 +0.0% FPC 0.470 +2.2% SVRS 0.405 −4.7% CLV 0.120 +0.0% LXM 0.160 +6.7% TBK 0.305 −3.2% URC 4.02 −3.6% BEX 0.085 +6.2% SUM 1.33 +0.8% FMN 0.270 +10.2% PHNM 0.400 +11.1% HDRO 1.11 −6.7% PWM 0.630 +0.0% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.115 −8.0% DNO 0.430 +0.0% FPC 0.470 +2.2% SVRS 0.405 −4.7% CLV 0.120 +0.0% LXM 0.160 +6.7% TBK 0.305 −3.2%
Drill Results Routine +

Selkirk Copper Expands Mineralization at Four Resource Zones at the Minto Copper-Gold-Silver Mine

Selkirk Copper Rigs Up for Mid-Year PEA as CEO Bets $1.5M on Minto Restart

By The Northwire Desk — AI Analysis Mar 25, 2026 · 07:01 SCMI · 1.13 Selkirk Copper Mines Inc.
Executive Summary
  • Selkirk Copper announced on March 30, 2026, that four diamond drill rigs are actively completing its 50,000-meter Phase 1 drill program at the Minto Mine.
  • New assay results confirm high-grade copper-gold-silver mineralization across underground (Minto North) and open-pit (Minto East, Ridgetop, Area 118) zones, with step-out drilling expanding known lenses.
  • The company is incorporating this data into a Preliminary Economic Assessment (PEA) targeted for mid-2026, which will support a blended open-pit/underground mine plan and a 12-15 year operational life.
  • President & CEO Colin Joudrie disclosed a personal $1.5M cash investment and purchased 1.7 million shares at $0.95-$0.98 per share in March 2026.
  • Operational upgrades are underway, including mill motor replacements, power circuit increases, and a new crushing circuit, aimed at boosting throughput to 4,100 t/d.
  • The 2025 bankruptcy of the prior operator extinguished a historic gold-silver stream, freeing approximately 35% of ore value for Selkirk Copper.
  • Permit amendments are progressing with the Yukon government and the Selkirk First Nation (SFN), which holds a 22% equity stake.
Material Impact
  • The March 30 release is an incremental update that aligns with prior guidance. The drill program completion, PEA timeline, and operational upgrades were already outlined in February and January releases.
  • CEO share purchases at $0.95-$0.98 provide insider validation but do not alter the fundamental risk profile or near-term cash flow trajectory.
  • The stream extinction benefit was previously disclosed in the February 23 release and is already factored into the current valuation and PEA assumptions.
  • The departure of SVP Operations Chuck Hennessey (noted March 25) introduces minor execution risk, though the company states a replacement search is underway.
  • No new resource estimates, metallurgical breakthroughs, or permitting approvals were announced. The news confirms steady progress but lacks unexpected catalysts to drive immediate multiple expansion.
  • Given the company's high quarterly burn rate and lack of near-term revenue, the market will likely view this as expected execution rather than a material re-rating event.
SCMI · Price
Company Overview
  • Selkirk Copper Mines Inc. is a Canadian mining company focused on the restart and expansion of the Minto Copper-Gold-Silver Mine in the Yukon Territory.
  • The flagship project encompasses 26,850 hectares of mineral claims within the Minto-Carmacks Copper Belt, including an existing 4,100 t/d processing plant, 400-person camp, and extensive surface/underground infrastructure.
  • The mine was previously in production but placed on care and maintenance in May 2023. Selkirk acquired 100% ownership in October 2025 via a reverse takeover and amalgamation with Selkirk First Nation affiliates.
  • The current strategy involves a 50,000-meter Phase 1 drill program, engineering trade-off studies, and a PEA targeting mid-2026, with a potential restart decision in early 2027.
Read the original news release →

More from Selkirk Copper Mines Inc.

Jul 08, 2026 · 07:01

Selkirk infill drilling confirms high-grade continuity at the project, with PEA and resource updates serving as the primary catalysts.

Drill Results Jun 10, 2026 · 08:30

Selkirk Copper concludes Phase 1 drilling with high-grade hits ahead of the upcoming preliminary economic assessment for its project.

Drill Results Jun 04, 2026 · 06:05

Selkirk confirms high-grade continuity in its Phase 1 drill finale, while Phase 2 execution and the PEA timeline will test valuation.

Drill Results Jun 03, 2026 · 07:01

Selkirk’s Minto Project drilled high-grade intercepts, supporting mid-2027 restart ambitions and a phase two expansion.

Drill Results May 25, 2026 · 07:00

Selkirk Copper Closes First Nation Investment as Minto Restart Drilling Advances

Financings May 14, 2026 · 08:30

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