EDM Resources Nears Production with Strong Economic Outlook in Nova Scotia

EDM Resources Nears Production with Strong Economic Outlook in Nova Scotia Mining Project


EDM Resources CEO Mark Haywood joined
Steve Darling from Proactive to share news the company is poised for
an exciting period of exploration as it ramps up activities at its
flagship Scotia Mine property near the Halifax airport. Haywood shared
insights into the company’s progress, highlighting significant
milestones achieved and future plans.

The Scotia Mine project, set to produce zinc, lead, and gypsum,
is nearing the completion of its permitting process, with full
permitting expected by July. Major permits have already been secured
from the Department of Fisheries and Oceans, with only a final federal
permit pending. Financially, the project demonstrates robust
economics, with a net present value (NPV) of CA$107 million and an
after-tax internal rate of return (IRR) of 65%. Projected operating
free cash flow of over CA$357 million over its 14-year lifespan
further underscores its economic viability.

With approximately 150 long-term jobs
expected to be generated, the project requires CA$31 million to
commence production, with funding secured through non-dilutive debt
financing. The favorable economic outlook of the mine is bolstered by
rising zinc prices and operational enhancements, including upgrades to
crushing and grinding equipment and a new dense media separation study
aimed at improving ore quality.

addition to operational advancements, EDM Resources Inc is expanding
its board and plans to provide regular updates through its newsletter,
reflecting its commitment to transparency and stakeholder

Contact Details

Proactive North

+1 604-688-8158


Copyright (c) 2024 TheNewswire – All rights reserved.

This article was originally published by a www.investorsobserver.com

Read it HERE


Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *