Wallbridge to Advance Fenelon to Pre-Feasibility Study
Join Brian Penny, CEO of Wallbridge Mining, as he provides further commentary on this week's announcement of advancing Fenelon to a Pre-Feasibility Study, with strategic investments from Agnico Eagle and Waratah totaling approximately C$56 million. Following the conversation, he will be available for questions.
Thu, May 21, 2026 at 2:30 PMendedReplay
Investor webinar replay
Meeting Overview The meeting featured a discussion between the host and Brian Penny, CEO of Walbridge Mining, focusing on recent significant investments in the company by Agnico and Huerta. The conversation covered the implications of these investments, the company's valuation, and the plans for advancing the pre-feasibility study at the Fenelon project. Key Discussion Points - Introduction of cornerstone investments by Agnico and Huerta. - The significance of financing for the pre-feasibility study (PFS) at the Fenelon project. - Current market valuation of Walbridge compared to peers in the Abitibi region. - The role of infill drilling in the PFS and its importance for project development. - Agnico's historical involvement and expected active role in shaping Fenelon's advancement. - Insights into the investment strategy of Warthog and their confidence in Walbridge's value. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Start the infill ...
Mr. Penny is a Chartered Professional Accountant with over 30 years of experience in financial management, strategic planning and financial reporting. Formerly, Mr. Penny was the Executive Vice President and CFO of New Gold Inc., a multi-national mining company, from 2009 until 2017; the Vice President of Finance and CFO of Kinross Gold Corporation, one of the world's largest gold producers from 1993 until 2004; the CFO of Western Goldfields Inc. from 2006 to 2009; and the CFO of Silver Bear Resources Plc from 2005 to 2009. Mr. Penny also formerly served as a member of the Board of Directors of Equinox Minerals Limited from 2004 to 2011 when it was acquired by Barrick Gold Corporation; Alamos Gold Inc. from 2005 to 2008; and Baffinland Iron Mines Limited from 2004 to 2008. Mr. Penny obtained his Diploma in Business-Accounting and Finance from Cambrian College and is a CPA, CMA.
Replay transcript excerpt
Speaker 1: I will say good morning, good afternoon or good evening, depending on where in the world you are signing in from today. Very excited to be talking to Walbridge Mining CEO Brian Penny for this week's very exciting news for the company. Speaker 1: Brian, how are you today? I am excellent. Speaker 1: And you yourself? I'm doing well. I'm doing well. Let me go quickly through a bit of housekeeping before we get into some prepared questions that I've got for Brian. But this is an interactive event. There's a chat button at the bottom of the screen. Please feel free to ask questions at any time during today's event. We're trying to stick to about 30 minutes, 40 minutes, so it's very likely we won't get to all the questions if there's a lot of them. In such a case, I'll make sure that the Walbridge team gets those questions afterwards, so you'll still get an answer. I just might not be able to get it during today's event, but I will try to get to Speaker 1: as many as I can. Speaker 1: The other piece of housekeeping is that this event is being recorded and will be available for replay. It's going to be on the same link probably in just a couple of hours after the event ends. You'll also find it on Six's YouTube page and I imagine various other places it will be posted, but that's where you can find it quickly. I encourage you to share it once we get to that point. Last thing, there's a request meeting button at the bottom of the screen. You can press that and request a meeting with the Wallbridge team. And anytime during today's events, I'll pass those on to the team following and they'll be sure to get back to you. But enough boring stuff out of me, Brian, I'd love to get into the protein here. Obviously, big week for Wallbridge. Speaker 1: I'd love if you coul...
