The World’s Running Out of Copper. This Company Just Bought a Producing Mine for Pennies on the Dollar.

Selkirk Copper Mines Inc. (TSXV:SCMI) (OTC:SKRKF) acquired a past-producing Yukon copper mine with $300 million in infrastructure for C$16 million. Production target: H1 2028.

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On behalf of Selkirk Copper Mines Inc.

On January 8, 2026, S&P Global released a study that shook the mining world: Copper in the Age of AI: The Challenges of Electrification.

The conclusion? A 10 million metric ton copper shortfall by 2040. S&P Global called it a “systemic risk for global industries, technological advancement and economic growth.”¹

AI data centers. Electric vehicles. Power grids. Defense systems. Renewable energy. All of it runs on copper. And there isn’t enough.

It takes 17 years on average to bring a new copper mine from discovery to production. In the United States? Twenty-nine years. Supply simply cannot respond fast enough.

Copper recently hit $6 per pound. Gold is hovering near $5,000. Silver is up 171% YoY at $88. Every critical metal is screaming the same message: supply is broken.² Even with the recent pull back in prices for copper, gold, and silver, each are at multi-year highs with strong underlying fundamentals supporting current prices.

Most copper investments are decade-long development plays. Permitting timelines stretching into the 2030s. Capex requirements in the billions. By the time they produce their first pound, the window may have closed.

But Selkirk Copper Mines Inc. (TSXV:SCMI) (OTC:SKRKF) found another way.

Breaking News

Selkirk Copper Announces Closing of Upsized $35 Million Bought Deal Private Placement

How a $300 Million Mine Sold for $16 Million

Assets like this don’t come to market.

Past-producing mines with existing infrastructure, defined resources, and a clear restart path? They get acquired internally. Taken out by majors. Snapped up before anyone hears about them.

But Minto was different.

The previous operator rushed back into production without proper studies. They underestimated permitting requirements. Burned through capital. In May 2023, they walked away, leaving the mine in receivership.

What they left behind was staggering: a 4,100 tonne-per-day mill, a 400-person camp, grid-connected power, roads, tailings facilities, water treatment, and both open pit and underground workings. Sixteen years of production history. Over 500 million pounds of copper already extracted.³

Invested capital? North of $300 million. Acquisition price? C$16 million.

Selkirk Copper (TSXV:SCMI) (OTC:SKRKF) didn’t just buy a mine. They bought a decade of work that someone else already completed, at 5 cents on the dollar.

Why are investors looking at Selkirk Copper Mines?

When the Fiore Group backs a deal, it tells you everything about their conviction. Frank Giustra built Wheaton River Minerals, Silver Wheaton, and Endeavour Mining. Now that playbook is being applied to Selkirk Copper’s Minto, a past-producing Yukon copper mine with 914 million pounds of copper in the ground and $300+ million in infrastructure already built.

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Why This Time Is Different

If the mine is so good, why did the previous operator fail?

The geology wasn’t the problem. The execution was.

Minto Metals rushed into production without completing proper studies. They ended up restricted to underground-only mining, which couldn’t generate enough feed to keep the mill running efficiently. When capital ran out, so did options.

Selkirk Copper Mines (TSXV:SCMI) (OTC:SKRKF) is taking the opposite path. The company raised C$44.5 million before starting work. They engaged Hatch and SRK, two of the most respected engineering firms in mining.⁴

The PEA comes first, then the feasibility study, then the restart decision. No shortcuts.⁵

The bankruptcy also wiped the slate clean. The Wheaton Precious Metals stream, which had extracted over US$250 million from the project, is gone. The Sumitomo offtake agreement is gone. For the first time since 2007, the operator will capture 100% of the copper, gold, and silver produced.⁶

"The Selkirk Copper story is the shortest timeline for new copper, high-grade copper, gold and silver to come to the market. In the North American context, we're targeting being in production by mid-2028. There are very few other competitors that can even come close to that timeline."

— Selkirk Copper Mines CEO Colin Joudrie

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A Partnership That Changes Everything

Here’s what truly sets Selkirk Copper (TSXV:SCMI) (OTC:SKRKF) apart.

The Selkirk First Nation, whose Settlement Land hosts the deposit, didn’t merely approve the acquisition. They acquired the asset and became the largest shareholder at 22.3% ownership with two board seats. This is the first time in Canadian history that an Indigenous government has taken controlling ownership of a mine.⁷

Kevin McGinty, former Chief of the Selkirk First Nation, now serves as VP of Lands and Environment. This isn’t consultation theater. It’s the landowner inside the company, shaping decisions from day one.

The social license question that derails so many Canadian projects? Already answered.

Press Releases

The Numbers That Matter

914 million pounds of copper. The July 2025 NI 43-101 confirms 334 million pounds indicated and 547 million pounds inferred, at grades averaging 1.14% copper. Plus 482,000 ounces of gold and 4.7 million ounces of silver.⁸

Grade that crushes the competition. Most copper deposits in development grade 0.3% to 0.6%. Minto averages 1.14%, two to four times higher than peers. Grade is margin. At nearly $6 per pound copper, that differential translates directly into cash flow for Selkirk Copper Mines (TSXV:SCMI) (OTC:SKRKF).

Proven metallurgy. Minto produced over 500 million pounds of copper between 2007 and 2023. Copper recovery rates of 90-92%. Concentrate grading 36-40% copper, premium quality that commands better smelter terms. The metallurgy is proven, not projected.⁹

Resource expansion underway. The 50,000-meter drill program is 64% complete. December 2025 results included 5.21% Cu over 8.7 meters and ultra-high-grade massive sulphide hitting 34.1% Cu. The Minto North West Zone has expanded 90% in strike length.¹⁰

The Valuation Gap Hiding in Plain Sight

Selkirk Copper (TSXV:SCMI) (OTC:SKRKF) trades at roughly C$113 million market cap. That’s 12 cents per pound of copper in the ground.

Now look at the peers:

Company	Asset Name	Total Cu Resource (Mlbs)	Grade (Cu %)	Market Cap (CAD)	Anticipated First Production
Selkirk Copper	Minto	914	1.14%	$106M	2028
Faraday Copper	Copper Creek	4,832	0.43%	$869.9M	2030
Northisle	North Island	3,678	0.15%	$802M	2032
Western Copper	Casino	10,719	0.12%	$1.27B	2030
Arizona Sonoran	Cactus	12,703	0.42%	$1.04B	2029

*Market cap take from Yahoo Finance on January 29, 2026

Faraday has similar copper pounds at less than half the grade, no infrastructure, and production years away. The market values it at C$869 million. That’s more than 8x Selkirk’s valuation.

Why the disconnect? Simple. Selkirk Copper Mines (TSXV:SCMI) (OTC:SKRKF) only began trading in November 2025. Institutional investors haven’t built positions yet. Analyst coverage doesn’t exist. The story hasn’t circulated.

Selkirk has the better asset. It just doesn’t have the market’s attention yet.

The Team Behind the Deal

Selkirk Copper (TSXV:SCMI) (OTC:SKRKF) was built by the Fiore Group, led by Frank Giustra. His track record: Wheaton River Minerals (merged into Goldcorp), Silver Wheaton (now Wheaton Precious Metals), Endeavour Mining. He pioneered the streaming model and was inducted into the Canadian Mining Hall of Fame in 2025.¹¹

CEO Colin Joudrie spent 13 years at Teck Resources as VP of Corporate and Business Development, evaluating hundreds of copper projects and negotiating complex First Nation partnerships. He put $2.3 million of his own money into Selkirk.

In October 2025, the company closed C$40 million at $0.56 per share.¹² Three months later, Selkirk Copper (TSXV:SCMI) (OTC:SKRKF) trades 45% above that financing price.

What Happens Next

Timeline	Catalyst
Q1 2026	Drill results every 2-3 weeks. 50,000m program completion.
Mid-2026	PEA with updated mineral resource estimate.
Q4 2026	Restart direction submission.
H1 2027	Feasibility Study completion.
H2 2027	Final Investment Decision.
H1 2028	First production targeted.

Six major milestones. Thirty months. Each one a potential re-rating event.

The mid-2026 PEA will put formal economics in front of the market for the first time, under clean ownership, with no stream, no legacy offtake, and metal prices at record highs. That study has the potential to change how Selkirk Copper (TSXV:SCMI) (OTC:SKRKF) is valued overnight.

The Window Is Open

Selkirk Copper Mines Inc. (TSXV:SCMI) (OTC:SKRKF) controls 914 million pounds of copper. Over $300 million in infrastructure already built. A First Nation partner who owns the land and 22.3% of the company. A management team with skin in the game and a track record of turning distressed assets into producing mines.

Peers with less copper, lower grades, no infrastructure, and production timelines stretching into the 2030s trade at 6x to 10x Selkirk‘s valuation.

Either the market hasn’t noticed, or it’s about to.

The catalyst calendar is stacked. The window to position ahead of the crowd is now.

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footnotes:
[1] https://www.spglobal.com/ [2] https://www.lme.com/ [3] https://www.miningnewsnorth.com/story/2025/06/20/news/selkirk-first-nation-secures-minto-mine/9138.html [4] https://www.bcyukonmining.com/2025/11/06/selkirk-copper-awards-contracts-to-hatch-and-srk-consulting-for-minto-mine-restart/ [5] https://selkirkcopper.com/ [6] https://www.sedarplus.ca/ [7] https://selkirkcopper.com/about/ [8] https://www.sedarplus.ca/ [9] https://selkirkcopper.com/projects/minto-mine/ [10] https://selkirkcopper.com/ [11] https://www.newswire.ca/news-releases/first-mining-announces-new-partnership-to-advance-cameron-gold-project-853173057.html [12] https://www.miningstockeducation.com/2025/10/venerable-ventures-closes-40-million-private-placement-offering-in-connection-with-selkirk-copper-transaction/

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1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by Selkirk Copper Mines Inc. Market Jar Media Inc. has or expects to receive from Selkirk Copper Mines Inc. up to two hundred six thousand one hundred eighty five US dollars for a duration of up to twelve (12) months or until budget exhaustion as dictated by Selkirk Copper Mines Inc.

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6) This document contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Selkirk Copper Mines Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Selkirk Copper Mines Inc.’s industry; (b) market opportunity; (c) Selkirk Copper Mines Inc.’s business plans and strategies; (d) services that Selkirk Copper Mines Inc. intends to offer; (e) Selkirk Copper Mines Inc.’s milestone projections and targets; (f) Selkirk Copper Mines Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Selkirk Copper Mines Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Selkirk Copper Mines Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Selkirk Copper Mines Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Selkirk Copper Mines Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Selkirk Copper Mines Inc.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Selkirk Copper Mines Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Selkirk Copper Mines Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Selkirk Copper Mines Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Selkirk Copper Mines Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Selkirk Copper Mines Inc.’s business operations (e) Selkirk Copper Mines Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Selkirk Copper Mines Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Selkirk Copper Mines Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Selkirk Copper Mines Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

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The World’s Running Out of Copper. This Company Just Bought a Producing Mine for Pennies on the Dollar.

Selkirk Copper Mines Inc. (TSXV:SCMI) (OTC:SKRKF) acquired a past-producing Yukon copper mine with $300 million in infrastructure for C$16 million. Production target: H1 2028.

Breaking News

How a $300 Million Mine Sold for $16 Million

Why This Time Is Different

A Partnership That Changes Everything

Press Releases

The Numbers That Matter

The Valuation Gap Hiding in Plain Sight

The Team Behind the Deal

What Happens Next

The Window Is Open

QUICK LINKS TO PREFERRED BROKERAGES

More News From This Company

Selkirk Copper Mines Inc.

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