EDM Provides Progress Report at the Scotia MINE
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NEWS RELEASE AUGUST 6, 2024
EDM PROVIDES PROGRESS REPORT AT THE SCOTIA MINE
Halifax, Nova Scotia, August 6, 2024 – EDM Resources Inc. (TSX-V: EDM) (“EDM” or the “Company”) is pleased to
announce that it continues to make significant progress for a restart of operations at the Scotia Mine.
“We are pleased to update our investors that EDM continues to make significant progress on an extensive range of tasks
that are necessary to advance the Scotia Mine to production ” said, Mr. Mark Haywood, President & CEO. “Whilst
completing the application to the Department of Fisheries and Oceans is one of the major tasks our teams are working on,
we are also busy advancing several other important and necessary steps in parallel so that the mine can be ready for a
production decision as soon as permitting is completed”, he added.
• Completion of all seasons of sampling for Atlantic Salmon DNA as required by the Department of Fisheries and
Oceans (“DFO”).
• On going reconnaissance work to identify additional potential locations for stream and/or river restoration
required by the DFO for the fish habitat offsetting plan.
• Widespread outreach to our First Nation Stakeholders in Nova Scotia as part of the important social license
initiatives for re-starting the Scotia Mine.
• On going surface and ground water modelling as part of the application for DFO.
• Preparation of Mine Plans for the geotechnical assessment work prior to mine production.
• Launch of our new company website at www.EDMresources.com
• Preliminary assessment of high-grade ores that will be used in the Density Media Separation pilot plant testing.
Results of the DMS Study are expected to be available in mid-September.
About EDM Resources Inc.
EDM is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near
Halifax, Nova Scotia. Through its wholly owned subsidiary, EDM also holds several prospective exploration licenses near
its Scotia Mine and in the surrounding regions of Nova Scotia.
The Company’s common shares are traded on the TSX Venture Exchange under the symbol “EDM”. For more
information, please contact:
Mark Haywood President & Chief Executive Officer
Kevin Farrell Chief Financial Officer
Manish Grigo Corporate Development
Telephone +1 (902) 482 4481
Facsimile +1 (902) 422 2388
Email & Web [email protected] & www.EDMresources.com
The Company’s corporate filings and technical reports can be viewed on the Company’s SEDARPLUS profile at
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www.sedarplus.ca. Further information on EDM is also available on Facebook at
http://www.facebook.com/EDMresources.inc Twitter at http://www.twitter.com/EDMresources and LinkedIn at
http://www.linkedin.com/company/EDMresources.
CAUTIONARY STATEMENTS
Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain forward-looking statements which are not comprised of historical facts. Forward-
looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including
words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “should”, “could”,
“would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based
on information currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could
cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied
by such forward- looking information. Forward-looking information in this news release includes, but is not limited to,
the Company’s objectives, goals or future plans, statements, potential mineralization, exploration and development
results, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of
operations and estimates of market conditions. There can be no assurance that forward-looking statements will prove to
be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from EDM’s expectations include, among others, the
degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves, the
degree to which factors are present which would make a mineral deposit commercially viable, the price of zinc, lead and
gypsum, uncertainties relating to availability and costs of financing needed in the future, changes in equity markets,
risks related to international operations, the actual results of current exploration activities, delays in the development
of projects, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well
as future prices of metals, ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant
to the Company’s business, as well as those factors discussed in the section entitled “Risk Factors” in EDM’s
management’s discussion and analysis of the Company's annual financial statements for the period ended December 31,
2023. Although EDM has attempted to identify important factors that could cause actual results to differ materially, there
may be other factors that cause results to be not as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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