EDM Resources Inc. (TSXV: EDM) continues to position the Scotia Mine as a near-term restart story in Nova Scotia. The operation last produced in 2008 under Acadian Mining.
CEO Mark Haywood said the site already has key infrastructure in place. That includes a mill, tailings facility, and road access near Halifax.
The company has focused on advancing the asset since 2019.
Expanding Revenue Streams Beyond Zinc and Lead
The Scotia Mine has evolved into a multi-commodity operation. It still targets zinc and lead, but now includes gypsum, silver, and gold.
Haywood noted gypsum was previously discarded. EDM now expects to monetize it through an offtake agreement worth over US$50 million for half the production. The remaining portion is still open.
Silver output sits near 7,000 ounces annually. Gold adds another 1,000 to 3,000 ounces per year.
Permitting and Market Access Drive Next Phase
The company is preparing a new prefeasibility study for 2026. Internal cost work is already complete. Management expects to launch the study shortly and finish it by late summer or early fall.
The Scotia Mine will also move through final permitting. EDM has submitted its Fisheries Act application and expects a decision in the summer. That step would support a production decision.
EDM is also working to expand its market presence. The company has started the process for an OTCQB listing. Haywood said this should improve access to U.S. investors and liquidity.
Commodity prices remain supportive. Zinc, gold, silver, and gypsum have all strengthened. Management sees this as a favourable backdrop for the Scotia Mine restart.
