What EDM Resources does

EDM Resources Inc. is a Canadian exploration and mine development company (TSX-V: EDM, FSE: P3Z, OTCQB: EDMFF) headquartered in Halifax, Nova Scotia, that owns the Scotia Mine, a past-producing zinc-lead operation currently on care and maintenance with a stated intent to restart production. The company's core asset features a fully built 2,200 tonne-per-day processing plant (upgradeable to 2,700 tpd) with conventional open-pit mining, crushing/grinding, and flotation circuits intended to produce zinc concentrate at 57% grade, lead concentrate at 71% grade, and a gypsum by-product. The company has engaged SGS Laboratories for Dense Media Separation (DMS) trials to evaluate feed-grade uplift and cost reduction, and has commenced a gold exploration program building on assays up to 142 g/t gold from historical concentrate sampling.

EDM Resources plans to monetize production through binding concentrate offtake agreements with zinc and lead smelters, a US$58 million gypsum offtake agreement, and a silver royalty arrangement with Silver Crown Royalties Inc. The Scotia Mine has a 14.3-year reserve life with 13.66Mt of base metal ore and 5.18Mt of gypsum, supported by a 2021 Pre-Feasibility Study indicating a pre-tax NPV of C$174M and IRR of 69% at US$1.22/lb zinc and US$1.04/lb lead. Beyond the core asset, the company holds the Eastville Prospect (~50 km away) and Carrolls Corner/Carrolls Farm Prospects (3.5-4 km away) for near-mine exploration upside within the same Gays River Formation.

The company is pre-revenue and currently funds operations through non-brokered private placements (C$1.5M in October 2024, C$1.8M in November 2024, C$1M in November 2025, C$1M in December 2025) and warrant exercises (approximately C$1.5M in June 2026), with insider participation signaling alignment. It is advancing federal permitting (Fisheries Act Authorization submitted February 2026 with $1.16M performance bond) and has been granted an Environmental Assessment extension to September 2026 for the Southwest Expansion Project.

Name

EDM Resources

Legal name

EDM Resources Inc.

Website

https://edmresources.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

EDM Resources is a Canadian public mining company (TSX-V: EDM) developing the Scotia Mine in Nova Scotia, a past-producing zinc-lead operation with a built 2,200 tpd mill intended to produce zinc concentrate, lead concentrate, and gypsum by-product for sale to smelters and construction-materials buyers under multi-year offtake contracts.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Others

Revenue model

1. Zinc Concentrate Sales: The primary revenue stream from the Scotia Mine. Zinc concentrate at 57% grade with 86.6% average recovery. Projected production of 35M lbs per year (5-year annual average). Concentrates are clean, high-ranking with very low levels of impurities.
2. Lead Concentrate Sales: Secondary revenue stream producing lead concentrate at 71% grade with 89.1% average recovery. Projected production of 15M lbs per year (5-year annual average).
3. Gypsum By-product: Gypsum production from the Scotia Mine represents a third revenue stream. EDM has a US$58 million gypsum offtake agreement. Total gypsum reserves of 5.18Mt at 91.8% grade over the 14.3-year mine life.
4. Silver Royalty: Silver royalty agreement with Silver Crown Royalties Inc. includes C$500,000 payment plus equity stake in SCRi, with royalty payable over ten years upon commercial production.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

EDM Resources is a Canadian zinc-lead exploration and mine development company reactivating the wholly-owned Scotia Mine near Halifax, Nova Scotia. The operation will produce zinc concentrate (57% grade), lead concentrate (71% grade), and gypsum by-product (5.18Mt at 91.8% grade) via conventional open-pit mining and flotation processing, with Dense Media Separation trials underway to upgrade feed grades. The project is supported by binding offtake agreements for zinc, lead, and gypsum, plus a silver royalty arrangement with Silver Crown Royalties Inc.

Product overview

EDM Resources is a Canadian mining and exploration company operating the Scotia Mine as its core asset, supported by regional exploration prospects. The Scotia Mine is a near-ready zinc-lead mining operation with significant existing infrastructure including a 2,200 tpd processing plant, producing zinc concentrate (57% grade), lead concentrate (71% grade), and gypsum as a by-product. The company's project portfolio includes the Eastville Prospect (exploration zinc-lead target 50km from Scotia Mine) and Carrolls Corner/Carrolls Farm Prospects (exploration targets 3.5-4km from main mine), which could provide supplementary ore feed. EDM Resources trades on TSX-V (EDM), Frankfurt Exchange (P3Z), and OTCQB (EDMFF).

Differentiator

Problem solved

Functional benefit

Products and services

• Scotia Mine A near-ready asset reactivation zinc-lead mining operation near Halifax, Nova Scotia. The wholly-owned turnkey operation produces zinc and lead concentrates with gypsum as a by-product, supported by a fully built 2,200 tpd mill (upgradeable to 2,700 tpd) and a 14-year mine life.
• Zinc Concentrate Zinc concentrate from the Scotia Mine processing plant at 57% grade with 86.6% average recovery, projected at 35M lbs annual production (5-year average). Sold under offtake agreements to smelters for galvanizing, battery, and industrial applications.
• Lead Concentrate Lead concentrate from the Scotia Mine at 71% grade with 89.1% average recovery, projected at 15M lbs annual production (5-year average). Clean concentrate with very low impurities sold to smelters under offtake agreements for industrial use.
• Gypsum By-Product Gypsum by-product from the Scotia Mine with 5.18Mt reserves at 91.8% grade supported by a US$58M offtake agreement. Used in wallboard manufacturing, cement production, and construction materials. Nova Scotia is the largest gypsum-producing region in Canada.
• Eastville Prospect An undeveloped zinc-lead exploration project located approximately 50 km from the Scotia Mine in Nova Scotia, hosted within Meguma Supergroup meta-sedimentary rocks. Historical drilling identified mineralization in several zones with potential to provide high-grade supplementary ore feed.
• Carrolls Corner / Carrolls Farm Prospects Two highly prospective zinc-lead exploration targets located 3.5-4.0 km from the Scotia Mine, hosted within the same Gays River Formation unit. Limited historical diamond drilling has confirmed mineralization, with potential to support an open pit operation along strike from the Scotia Mine.

Quantifiable outcome

• Pre-tax NPV of C$174M with 69% IRR (2021 PFS)
• +5 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Nova Scotia Mining RoundtablecoreStrategic or Co-development Partner · 4 June 2026EDM Resources is a member of the Nova Scotia Mining Roundtable, a government-industry advisory body launched by the Province of Nova Scotia to identify barriers and inform the development of the provincial mining strategy. The roundtable includes industry leaders from companies such as NexGold, Windsor Salt, and St. Barbara Ltd., reporting to the Minister of Natural Resources to discuss sector challenges, policy barriers, and strategic priorities.
• Silver Crown Royalties Inc.coreStrategic or Co-development Partner · 6 August 2025EDM entered into a royalty purchase agreement with Silver Crown Royalties Inc. for a royalty on silver produced from EDM's Scotia Mine. The agreement includes a C$500,000 payment and an equity stake in SCRi, with the royalty payable over ten years upon commercial production.
• Gypsum OfftakercoreChannel Partner/ Reseller/ DistributorEDM signed a US$58 million gypsum offtake agreement for gypsum production from the Scotia Mine, representing a third revenue stream alongside zinc and lead concentrates.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Foran Mining Corporation: Canadian-listed copper-zinc developer advancing the McIlvenna Bay project in Saskatchewan. Closely comparable in size, stage of development, and product mix (base metal concentrates for smelters), making Foran the most directly comparable peer for a small-cap Canadian pre-production base metals developer.
• Fireweed Metals Corp: Canadian-listed zinc-focused developer with the Macmillan Pass project in Yukon. Small cap with similar development-stage economics and primary focus on zinc concentrate production, making it a strong benchmark for relative valuation of pre-revenue Canadian zinc developers.
• Titan Mining Corporation: US-listed zinc producer operating the Empire State Mine in upstate New York. Directly comparable commodity focus (zinc concentrate) and concentrate-offtake business model, providing insight into operating costs, treatment charges, and unit economics for small/mid-scale zinc producers.
• Osisko Metals Incorporated: Canadian-listed zinc developer focused on the Pine Point project in NWT. Similar pre-production profile with a defined asset and concentrate offtake model, serving as a directly relevant peer for evaluating restart economics and North American small-cap zinc valuations.
• Americas Gold and Silver Corporation: North American-focused silver and zinc producer with operating mines in Mexico and the US. Comparable in size and commodity mix (silver-zinc concentrates), providing a model for how a junior miner can commercialize multi-commodity concentrate streams to smelters.

Broad incumbents

• Hudbay Minerals Inc. Established Canadian copper-zinc-gold producer with operating mines in Manitoba, British Columbia, Peru, and the US. Larger incumbent operating in the same base metals space with zinc as a meaningful byproduct, providing cost and operational benchmarks for the broader Canadian zinc mining landscape.
• Lundin Mining Corporation: Diversified Canadian base metals producer with significant copper, zinc, and nickel operations in the Americas and Europe. Larger incumbent providing comparable cost curves and concentrate economics for zinc-lead mining, including treatment and refining charges benchmark data.
• Teck Resources Limited: Major Canadian diversified miner with leading zinc operations (Red Dog in Alaska and Antamina in Peru). Provides benchmarks for Tier-1 jurisdiction base metals mining economics, large-scale smelter offtake dynamics, and capital intensity comparisons relevant to mid-cap Canadian miners.
• Glencore plc: Global mining and trading major with one of the largest zinc mine portfolios and a vertically integrated smelting business. Provides reference for global zinc supply-demand dynamics, treatment charges, and benchmark pricing relevant to how EDM's concentrate will be valued by smelter offtakers.
• Boliden AB: Swedish integrated zinc and copper miner and smelter with operations across Scandinavia. Comparable business model combining mining and processing of zinc concentrates into refined metal, providing insight into integrated base metals economics and European smelter offtake terms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/EDMresources
• YouTubeyoutube.com/@edmresources?si=Bvyighil3mSoOKnD
• Facebookfacebook.com/EDMresources.inc
• LinkedInlinkedin.com/company/EDMresources

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EDM Resources