Emperor Advances Environmental Planning to Support Permitting at Lac Pelletier

Executive Summary

• Emperor Metals provided an update on the Lac Pelletier Mine Property’s closure plan and regulatory timeline, with submission to MRNF expected by end‑March and approval anticipated by end‑June.
• The project holds a fully authorized underground extraction permit (up to 1,000 tpd) and is targeting production ramp‑up in late 2027–early 2028 following dewatering and further development work.
• A phased development plan will support a Preliminary Economic Assessment, subsequent drilling to update the NI 43‑101 resource estimate, and ultimately a Feasibility Study.

Key Details

• Closure Plan Update: Geochemical evaluation of historic waste rock and assessment of soil/groundwater completed; updated closure plan to be submitted to the Ministère des Ressources Naturelles et de la Faune (MRNF) by end‑March 2026, with regulatory review expected to conclude by end‑June 2026.
• Permitting Status: Lac Pelletier holds a fully authorized underground extraction permit permitting production of up to 1,000 tonnes per day, positioning the project as near‑development stage and “construction‑ready.”
• Development Timeline:
• Early work supports a Preliminary Economic Assessment (PEA).
• Exploration and drilling programs will be launched to update the NI 43‑101 mineral resource estimate.
• Comprehensive technical studies (geotechnical, hydrological, geochemical, processing) will feed into a Feasibility Study and updated NI 43‑101 Technical Report.
• Underground dewatering, rehabilitation, detailed engineering, and staged surface/underground construction are planned.
• Production Target: Ramp‑up to commercial production anticipated for late 2027 to early 2028.
• Strategic Positioning: Emperor emphasizes regulatory readiness, technical confidence, and capital efficiency to present Lac Pelletier as a financeable mining project.

Notable Quotes

“Environmental stewardship and regulatory certainty are core to our development strategy. By advancing closure planning and securing key environmental approvals early; while maintaining active engagement with regulators; we are positioning the project for a streamlined permitting process.” – John Florek, President & CEO