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EDM Announces Both Completion of 2025 Milestones and Its Operational, Permitting and Commercial Milestones for 2026
Halifax, Nova Scotia--(Newsfile Corp. - January 12, 2026) - EDM Resources Inc. (TSXV: EDM) (FSE: ...
About this update from Edm Resources Inc
[{"type":"text","content":"EDM Announces Both Completion of 2025 Milestones and Its Operational, Permitting and Commercial Milestones for 2026Halifax, Nova Scotia--(Newsfile Corp. - January 12, 2026) - EDM Resources Inc. (TSXV: EDM) (FSE: P3Z) (\"EDM\" or the \"Company\") is pleased to provide a summary of its key accomplishments during 2025 and to outline its planned operational, permitting, and commercial milestones for 2026 as the Company advances the Scotia Mine toward a production decision.The President and CEO, Mr. Mark Haywood, stated: \"EDM delivered on all of its major planned milestones in 2025 while also completing the technical and environmental work required to advance the Scotia Mine toward production. With the Fisheries Act Authorization application now imminent, we believe 2026 will represent a transformational year for the Company as we move from project advancement to disciplined execution, financing, and initial operations.\"2025 HIGHLIGHTS - FOUNDATION FOR PRODUCTIONDuring 2025, EDM successfully executed all major planned milestones while advancing permitting and technical work critical to restarting operations at the Scotia Mine.Commercial & Financing AchievementsExecuted a US$58 million gypsum offtake agreement, including a US$250,000 pre-payment, establishing a long-term revenue foundation.Completed a silver royalty transaction providing 7,000 ounces of silver per year with a US$1.0 million pre-payment through a combination of cash and equity.Successfully closed a fully subscribed $1.0 million private placement, strengthening the Company's balance sheet.Technical & Metallurgical ProgressCompleted a positive Dense Media Separation (DMS) study, demonstrating the potential for improved mill feed grades and enhanced operating economics.Confirmed the presence of high-grade gold in both lead and zinc concentrate assays, highlighting additional by-product value potential.Permitting & Site AdvancementCompleted fieldwork and technical studies required to support the Fisheries Act Authorization (FAA) application for the Scotia Mine.Continued engagement with First Nations, regulators and the community to support a streamlined permitting process.2026 MILESTONES Building on the strong progress achieved in 2025, EDM has defined a focused and disciplined set of milestones for 2026 aimed at achieving a production decision and initiating...