Moon River Moly Ltd. Announces Filing of Technical Report for the Endako Mine Restart Preliminary Economic Assessment
Moon River Moly Ltd. Announces Filing of
Technical Report for the Endako Mine Restart
Preliminary Economic Assessment
Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB:
MRIVF) ("
Moon River
" or the "
Company
") announces that the Company has filed an independent
technical report entitled the National Instrument NI 43-101 Technical Report for the Endako Mine Restart
Preliminary Economic Assessment ("PEA") (the "
Endako Mine Restart Technical Report
") dated
January 5, 2026 with an effective date of November 21, 2025.
The Endako mine complex in British Columbia (the
"Endako Mine"
), currently on care and
maintenance, is comprised of an open-pit molybdenum mine, concentrator, and roaster, located
approximately 190 kilometres west of Prince George, British Columbia. The PEA examines the potential
restart of operations at the Endako Mine.
On May 30, 2024, Moon River completed the indirect acquisition of a 25% interest in the Endako Mine
from Sojitz Corporation ("
Sojitz
"), a Japanese multi-national company. The Endako Mine is jointly
owned by Moon River (25%) and Centerra Gold Inc. ("
Centerra
") (75%) and operates through a joint
venture company. While Centerra is aware that this PEA was being prepared for Moon River, it has
neither participated in nor endorsed the work.
The Endako Mine Restart Technical Report is available under the Company's profile on SEDAR+ at
www.sedarplus.ca
and on the Company's website at
www.moonrivermoly.com
.
There are no material differences in the Endako Mine Restart Technical Report from the disclosure in the
Company's news release dated November 21, 2025. The Report is dated January 5, 2025, with an
effective date of November 21, 2025.
The Report was prepared by A-Z Mining Professionals Ltd. ("
AMPL
").
Qualified Person(s)
The scientific and technical content of this news release was reviewed, verified, and approved by Mr.
Brian LeBlanc, P. Eng., President of AMPL, and a "Qualified Person" ("QP") as defined by National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Mr. LeBlanc is the QP responsible for
the scientific and technical information contained in this press release.
About Moon River
Moon River is a Canadian-based resource company focused on the acquisition, exploration and
development of mineral projects.
Moon River is focused on the development of the Davidson Property
which hosts a large molybdenum-tungsten deposit and is located near Smithers, British Columbia. The
Company also holds 25% of one of the largest molybdenum mines in North America, the Endako Mine
Complex also located in British Columbia.
For further information, please contact:
Paul Parisotto, President, Chief Executive Officer and Director, at (416) 800-1753 or
.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements:
This press release contains forward-looking statements and forward-looking information (collectively,
"
forward-looking statements
") within the meaning of applicable securities laws.
Any statements that
are contained in this press release that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often identified by terms such as "may",
"should", "anticipate", "will", "estimates", "believes", "intends", "expects", "plans" and similar
expressions, which are intended to identify forward-looking statements.
These forward-looking statements reflect the current views of the Company, represent the expectations
of the Company as of the date of this news release, and are based on certain assumptions that the
Company has made in respect thereof as at the date of this press release.
Although the Company believes the expectations and material factors and assumptions reflected in
these forward-looking statements are reasonable as of the date hereof, there can be no assurance that
the expectations and assumptions in the PEA, will prove to be correct.
The forward-looking statements
are not guarantees of future performance and are subject to a number of known and unknown risks and
uncertainties including risks detailed in the Company's continuous disclosure, which are available on
SEDAR+ at
www.sedarplus.ca
.
Accordingly, readers should not place undue reliance on the forward-
looking statements contained in the PEA or this press release.
These risk factors should not be construed as exhaustive. Readers are cautioned that events or
circumstances could cause results to differ materially from those predicted, forecasted or projected.
The
forward-looking statements contained in this document speak only as of the date of this document.
The
Company does not undertake any obligation to publicly update or revise any forward-looking statements
or information, except as required by applicable laws.
The forward-looking statements contained in this
document are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/279435