EDM Resources to Showcase Scotia Mine at Canada Investment Summit
News related to:EDM Resources Inc · 2 min read
EDM Resources Inc., a Canadian exploration and mining company, has been selected to showcase its 100%-owned Scotia Mine at the upcoming Canada Investment Summit, which is set to take place from September 14 to 15, 2026, in Halifax, Nova Scotia.
The Scotia Mine, located approximately 60 kilometers northeast of Halifax, is a past-producing zinc, lead, and gypsum operation that boasts substantial existing infrastructure, including a processing plant, tailings management facilities, grid power, paved highway access, and proximity to the Port of Halifax. The mine is currently being advanced through a comprehensive project update program that includes an updated Mineral Resource Estimate, a new Preliminary Feasibility Study, mine optimization, environmental and permitting activities, and exploration targeting additional zinc, lead, gypsum, and precious metals.
EDM Resources Inc. is pleased with the selection of the Scotia Mine for the Canada Investment Summit. The President and CEO, Mr. Mark Haywood, stated, "We are very pleased that the Scotia Mine has been selected by Nova Scotia to be showcased as one of the Province's investment opportunities at the Canada Investment Summit. The Scotia Mine is an advanced brownfield critical minerals project with substantial existing infrastructure, a relatively low restart capital requirement, and excellent access to power, roads, and international shipping through Halifax."
The summit provides an excellent opportunity for EDM Resources Inc. to introduce the Scotia Mine Restart Project to Canadian and international investors, financing groups, and other potential strategic partners. The company will participate in investment and networking activities surrounding the summit, including the Nova Scotia Networking Reception hosted by Premier Tim Houston on September 15, 2026.
The Scotia Mine is a significant investment opportunity for those interested in advanced Canadian critical mineral projects. The mine is located in a strategic location, with easy access to infrastructure and international shipping. The Company's investment profile highlights several attributes of the Scotia Mine, including an estimated initial capital expenditure of approximately C$31 million, an after-tax internal rate of return (IRR) of 69%, a 14-year mine life, and the potential for approximately 150 direct jobs during operations. Additionally, the mine offers opportunities for strategic equity investment, project financing, and concentrate offtake partnerships.
EDM Resources Inc. is currently completing a comprehensive project update program that includes an updated Mineral Resource Estimate and Preliminary Feasibility Study. The results of these studies may differ from the estimates contained in the 2021 Preliminary Feasibility Study, which reported total Proven and Probable base metal Mineral Reserves of 13.66 million tonnes grading 2.03% zinc and 1.10% lead, together with 5.18 million tonnes of Proven and Probable gypsum Mineral Reserves grading 91.8%.
The Canada Investment Summit is a significant event for EDM Resources Inc. as it aims to leverage the Scotia Mine's existing infrastructure and advanced stage of development to establish the operation as one of Canada's next zinc producers. The company's broader strategy includes advancing the project through updated technical studies, completion of remaining permitting activities, and the development of financing and offtake arrangements.
The company's participation in the Canada Investment Summit follows the recent amendment of the Scotia Mine's provincial Industrial Approval. This approval forms part of EDM Resources Inc.'s broader strategy to advance the project through updated technical studies, completion of remaining permitting activities, and the development of financing and offtake arrangements.