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Disclaimer

EDM Resources

Scotia Mine Overview

Disclaimer

This website is owned and operated by EDM Resources Inc. Where we say "we", "us", "our", the "Company", or "EDM", we mean EDM Resources Inc. and/or one or more or all of its subsidiaries or affiliates, as may be applicable. By using this website, you agree to the following terms and conditions.

Cautionary Statement on Forward-Looking Information

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Certain statements, other than statements of historical fact, contained on this website, including in the documents posted on this website, constitute “forward-looking information” and/or “forward-looking statements” within the meaning of certain securities laws, including the Securities Act (Ontario) and the provisions for “safe harbor” under the United States Private Securities Litigation Reform Act of 1995, and are based on expectations, estimates and projections as of the date such information is presented on this website or as of the date of the document posted on this website, as applicable. Forward-looking statements include, without limitation, statements with respect to: our future financial or operating performance, expected savings pursuant to our cost review and reduction initiatives including, without limitation, optimization of projects and operations, the future price of zinc and lead, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and costs of the Scotia Mine re-start or estimated future production, costs of production, all-in sustaining cost and capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and mining activities, permitting timelines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance coverage, our guidance for production, production costs of sales, all-in sustaining cost and capital expenditures, expected savings pursuant to our cost review and reduction initiatives including, without limitation, the modifications to our projects and operations and our exploration budget, including but not limited to our Scotia Mine and our expectations regarding timelines for continued development, including, but not limited to the re-start of the Scotia Mine; as well as references to other possible events, the future price of zinc and lead, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and mining activities, permitting timelines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. The words “anticipates”, “plans”, “expects”, “view”, “indicates”, “indicative”, “intends”, “scheduled”, “budgeted”, “estimates”, “forecasts”, “focus”, “guidance”, “initiative”, “model”, “timeline”, “methodology”, “outlook”, “potential”, “possible”, “suggests”, “projected”, “prospects”, “seek”, “pursue”, “explore”, “strategy”, “study”, “on track”, “targets”, “options”, or “believes”, or variations of, or words similar to, such words and phrases, or statements that certain future conditions, actions, events or results “will”, “may”, “could”, “would”, “should”, “might” or “can”, or negative versions thereof, “be taken”, “occur”, “continue” or “be achieved”, and other similar expressions, can identify forward-looking statements. Forward-looking statements are necessarily based upon management’s perceptions of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by us as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies which could result in the forward-looking statements ultimately being incorrect.

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In addition to the various factors and assumptions set forth on this website, the material factors and assumptions used to develop the forward-looking information include, but are not limited to: (1) there being no significant disruptions affecting the operations of the Company or any entity in which it now or hereafter directly or indirectly holds an investment, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; (2) permitting, development, operations and expansion at the Scotia Mine (including, without limitation, land acquisitions and permitting for the construction and operation of the tailings facility) being consistent with our current expectations; (3) political and legal developments in any jurisdiction in which the Company, or any entity in which it now or hereafter directly or indirectly holds an investment, operates being consistent with its current expectations including any related sanctions and any other similar restrictions or penalties imposed, or actions taken, by any government, and any potential amendments to water use restrictions in Canada (including, but not limited to, the interpretation, implementation and application of any such amendments), being consistent with EDM’s current expectations; (5) the exchange rate between the Canadian dollar the U.S. dollar being approximately consistent with current levels; (6) certain price assumptions for Zinc and Lead; (7) prices for diesel, natural gas, fuel oil, electricity and other key supplies being approximately consistent with current levels; (8) production and cost of sales forecasts for the Company, and entities in which it now or hereafter directly or indirectly holds an investment, meeting expectations; (9) the accuracy of the current mineral reserve and mineral resource estimates of the Company (including but not limited to ore tonnage and ore grade estimates); (10) labour and materials costs increasing on a basis consistent with EDM’s current expectations; (11) the development of, operations at and production from the Company's operations, including but not limited to the permitting and production the Scotia Mine (including but not limited to, expansion optimization initiatives which may lead to changes in processing approach and maintenance, the timing of completion and results of the Scotia Mine preliminary feasibility studies, and conversion of adjacent exploration licences to mining licences) being consistent with EDM’s current expectations; (12) goodwill and/or asset impairment potential; and (13) access to capital markets, including but not limited to maintaining an investment grade debt rating and, as required, securing and maintaining project financing for the Scotia Mine, being consistent with our current expectations] and that the risk factors noted below, collectively, do not have a material impact on us. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. Known and unknown risk factors, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information on this website. Such factors include, but are not limited to the factors noted in our filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the "Risk Factors" section of our most recently filed annual Management’s Discussion & Analysis (“MD&A”) or any subsequently filed interim MD&A; fluctuations in the currency markets; fluctuations in the spot and forward price of Zinc or certain other commodities (such as fuel and electricity); changes in the discount rates applied to calculate the present value of net future cash flows based on country-specific real weighted average cost of capital; changes in the market valuations of peer group base metal producers and the Company, and the resulting impact on market price to net asset value multiples; changes in various market variables, such as interest rates, foreign exchange rates, zinc or lead or gypsum prices and lease rates, or global fuel prices, that could impact the mark-to-market value of outstanding derivative instruments and ongoing payments/receipts under any financial obligations; risks arising from holding derivative instruments (such as credit risk, market liquidity risk and mark-to-market risk); changes in national and local government legislation, taxation (including but not limited to income tax, advance income tax, stamp tax, withholding tax, capital tax, tariffs, value-added or sales tax, capital outflow tax, capital gains tax, windfall or windfall profits tax, royalty, excise tax, customs/import or export taxes/duties, asset taxes, asset transfer tax, property use or other real estate tax, together with any related fine, penalty, surcharge, or interest imposed in connection with such taxes), controls, policies and regulations; the security of personnel and assets; political or economic developments in Canada or other countries in which EDM, or entities in which it now or hereafter directly or indirectly holds an interest, do business or may carry on business; business opportunities that may be presented to, or pursued by, us; our ability to successfully integrate acquisitions and complete divestitures; operating or technical difficulties in connection with mining or development activities; employee relations; litigation or other claims against, or regulatory investigations and/or any enforcement actions or sanctions in respect of us (and/or our directors, officers, or employees) including, but not limited to, securities class action litigation in Canada, or any investigations, enforcement actions and/or sanctions under any applicable anti-bribery, international sanctions and/or anti-money laundering laws and regulations in Canada, or any other applicable jurisdiction; the speculative nature of base metals exploration and development including, but not limited to, the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; adverse changes in our credit rating; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of base metal exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and zinc or lead concentrate losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). These risk factors are not intended to represent a complete list of the factors that could affect us and the reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. All of the forward-looking statements contained on this website are qualified by these cautionary statements. Additional information about the risks and uncertainties concerning forward-looking statements and material factors or assumptions on which information contained in forward-looking statements is based is provided in our filings with the securities regulators of Canada including, but not limited to, our most recently filed annual MD&A or any subsequently filed interim MD&A, available under our profile at www.sedarplus.ca.

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Stock Quotes

Data is provided on this website is for information purposes only, and is not intended for trading purposes. EDM shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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Base Metals Pricing

Data is provided on this website for information purposes only, and is not intended for trading purposes. EDM shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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Website Protected by Copyright

All materials (graphics, icons, HTML, javascripts, color schemes, multimedia, logos, photographs, copywriting, et al) that appear on this website are the property of EDM and copyrighted by same.

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Other materials on this website not originally produced by us (some audio, video, trademarks, et al) are copyrighted by their respective creators/owners and appear here either by permission, example or as public domain reference material.

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Currency of Website

EDM updates the information on this website regularly. However, such information is not intended to be a comprehensive review of all matters and developments concerning EDM and EDM cannot guarantee the accuracy, currency or completeness of the information at all times and assumes no responsibility in this regard.

 

You Tube Channel – EDM Mining Journal

The EDM Mining Journal YouTube channel and its contents are produced on behalf of EDM Resources Inc. and Scotia Mine Limited. The views expressed in these videos are the official views of EDM Resources Inc. and Scotia Mine Limited and are presented by Mark Haywood in his capacity as President & Chief Executive Officer of the company. Mark Haywood is not personally liable for any content presented on this channel, and any legal action or dispute arising from this content must be directed to EDM Resources Inc., not to Mark Haywood personally.

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This content is for informational and educational purposes only. It does not constitute financial, legal, investment, or professional advice. Viewers should perform their own due diligence and consult with appropriate licensed professionals before making any decisions.

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This channel may contain forward-looking statements. These are based on current expectations and assumptions and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Where applicable, disclosures are made in accordance with National Instrument 43-101 and other relevant regulatory standards.

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Nothing in the YouTube videos should be interpreted as legal, financial or regulatory advice. Topics discussed—particularly those related to the mining sector, environmental governance, and securities regulation—may involve complex legal frameworks. Always seek advice from qualified legal or compliance professionals.​

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Disclosure of Mineral Reserves and Mineral Resources

Readers are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Readers should refer to our most recently filed Annual Information Form and other continuous disclosure documents filed by us available at www.sedar.com for this detailed information, which is subject to the qualifications and notes set forth therein. The technical information about our mineral properties (other than exploration activities) provided by this website has been prepared under the supervision of and approved for disclosure by Mr. Mark Haywood, an officer of the Company, who is a "qualified person" within the meaning of National Instrument 43-101.

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Exclusion of Liability

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EDM shall not be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits, opportunities or information arising from:

  • the use of or reliance on information contained in this website;

  • any inaccuracy or omission in such information or failure to keep the information current;

  • use of any third party websites linked to this website;

  • any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; and

  • any other matter connected with this website; even if EDM is made aware of the possibility of such claims, expenses, damages or losses.

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EDM Not Responsible for Internet Software or Computer Viruses

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Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information contained on this website. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. EDM shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.

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EDM Not Responsible for Linked Websites

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EDM provides links to third party websites for your convenience only and the inclusion of these links does not imply that EDM monitors or endorses these websites. Accordingly, EDM accepts no responsibility for such websites.

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Website is Provided as a Service Only

This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by EDM to that effect. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to EDM and should not be used for the purpose of making investment decisions concerning EDM securities. Printed copies of public disclosure documents may be obtained by contacting EDM at info@EDMresources.com.

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Privacy Statement

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In general, you may visit this website (the "Site") without providing any personal information. However, in order to benefit from certain features of this Site, you may need to provide personal information. For example, if you sign up for our email list, we will ask you for your email address so that we can send you email notices when we post news releases or new content on this Site. You may unsubscribe from these messages at any time by using the unsubscribe feature in the message (if provided) or by contacting us as described below. In some cases, we may offer you the option of sending a link to one of our news releases or other content to a friend or family member by email. These messages are sent to your friend or family member from your email account and EDM does not collect, use or retain any personal information in connection with this feature.

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By providing the email address of your friend or family member, you represent to us that you have a personal or family relationship with the individual and have consent from the individual to provide his or her email address to us for this purpose. We may also collect and use personal information for other purposes with your consent or as permitted or required by law.

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We share personal information with third parties (including affiliates acting in this capacity) that perform services on our behalf, such as information technology, data hosting, analytics, graphic design, video production, and email services provider or similar services, or that otherwise to collect, use, disclose, store or process personal information on our behalf for the purposes described in this statement. These third parties may be located in Canada and the U.S. and your personal information may be processed in these countries for the purposes described in this statement. Reasonable contractual other measures we may take to protect your personal information while processed or handled by these third parties are subject to applicable foreign legal requirements, for example lawful requirements to disclose personal information to government authorities in those countries.

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Personal information may also be used and disclosed to parties connected with the proposed or actual financing, securitization, insuring, sale, assignment or other disposal of all or part of our business or assets, for the purposes of evaluating and/or performing the proposed transaction. Our assignees or successors may use and disclose your personal information for similar purposes as those described in this statement.

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We may disclose personal information for other purposes with your consent or as permitted or required by law.

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EDM uses cookies and other tracking technologies to collect and maintain statistics relating to this Site, including the number and frequency of visits, the average length of visits and which pages are viewed during a visit as well as the types of browsers and the Internet Protocol Addresses of visitors' computers. This information is used to analyze and improve our Site content and performance. You may be able to set your browser to reject cookies, or to notify you when a cookie is set. If you choose to reject cookies, some areas of this Site may not function properly.

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EDM takes reasonable steps to protect your personal information using physical, electronic and procedural security measures appropriate to the sensitivity of the information in our custody or control, which may include safeguards to protect against loss or theft, as well as unauthorized access, disclosure, copying, use or modification. Authorized employees, agents and mandataries will have access to your personal information as necessary to fulfil their job requirements.

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The file containing your personal information will be maintained on our servers or those of our service providers and will be accessible at our offices. You may request access to or correction of your personal information, or make other inquires about our personal information handling practices, by writing the Company at info@EDMresources.com. Your right to access or correct your personal information is subject to applicable legal restrictions. We may take reasonable steps to verify your identity before granting access or making corrections.

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We may revise this privacy statement from time to time. If we intend to use or disclose personal information for purposes materially different than those described in this statement, we will make reasonable efforts to notify affected individuals, if necessary, including by revising this statement. We encourage you to visit our Site frequently to obtain the current version. By continuing to access this Site or provide personal information following any changes to this statement you agree to accept any such changes. This statement is effective as of May 1, 2019.

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