Selkirk Copper focuses on 2028 Minto mine restart

Vancouver, BC – August 25, 2026 – Global Stocks News - Sponsored content disseminated on behalf of Selkirk Copper Mines. In the last month, Selkirk Copper Mines (TSXV: SCMI) (FRA: IO20) (OTCQX: SKRKF) issued three significant press releases, starting with the July 30, 2026 announcement of an updated Mineral Resource Estimate (MRE) for the Minto Project in the Yukon, Canada.

Fourteen months ago, Selkirk First Nation (SFN) purchased the former Minto Mine out of bankruptcy, then partnered with the Frank Giustra-backed Fiore Group to form Selkirk Copper Mines.

The stock began trading on November 4, 2025 . Since then, the price of copper has increased 50%, while the SCMI share price has risen approximately 300%.

Selkirk Copper is derisking the Minto Project through exploration, resource expansion, engineering and mine planning, with the goal of establishing a 12-15 year mine life prior to a planned production restart in 2028.

Fresh data in the updated MRE is feeding into an updated Preliminary Economic Assessment (PEA), which is expected to be published in Q3, 2026.

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“This focused Phase 1 program has provided the mine planning and development team with significantly more material in the Measured & Indicated Resource categories on which to build integrated mine plans that will inform our targeted 12-15 year mine life at 4,100 tonnes per day mill feed,” stated Colin Joudrie, Selkirk Copper President & CEO, in the July 30, 2026 press release.

“ Growing the Measured and Indicated Resource category by 280% in our Phase 1 drill program supports the overall restart program objectives and strongly suggests that we have the opportunity to further upgrade and enhance the quality of the copper-gold-silver mineralized lenses.”

“We have developed an enhanced understanding of the geology and structural controls of the sixty-nine mineralized lenses, which has created a coherent and actionable drill targeting methodology that has resulted in the discovery of several new lenses of high-grade copper-gold-silver mineralization within the mine footprint.”

“We look forward to integrating results of our Phase 2 50,000-metre drill program, of which 37,000 metres of drilling has already been completed, into the growing Inferred, Indicated, and Measured Resources on the Minto Project. The Phase 2 program will support a feasibility study scheduled to start in Q3 2026,” concluded Joudrie.

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On August 17, 2026, Selkirk announced the launch of a scoping study to evaluate options to safely, environmentally responsibly, and sustainably ship critical mineral concentrates through the Port of Skagway, pursuant to a Funding Agreement entered into by the Parties on July 17, 2026.

The Skagway port provides tidewater access to Pacific and Asian markets. That is strategically important. China buys 20% of Canada’s copper exports. Prior to the mine’s closure in 2023, the Minto ore was shipped across the Pacific Ocean to Japan.