Commencement Off PEA & Groundwater Flow Modeling For Future Permitting At Van Dyke ISCR Project

CALGARY – Copper Fox Metals Inc., through its wholly owned subsidiary Desert Fox Van Dyke Co., reported on the planned preliminary economic assessment (PEA) and groundwater flow model on its Van Dyke in-situ copper recovery (ISCR) project located in the Globe-Miami Mining District, Gila County, Arizona, approximately 90 miles east of the recently commissioned Florence Copper project.

Preparation for the 2026 PEA has commenced and is estimated to cost C$300,000. Preliminary semi-regional 3-D numerical groundwater flow model is underway, results of which are expected to be included in the PEA. Daily collection of hydrogeological data and quarterly groundwater sampling from the existing four monitoring wells to augment the project’s hydrogeological and water quality database and support future permitting is ongoing.

Elmer B. Stewart, President and CEO, said, “Our focus in the first half of 2026 is completion of an updated PEA. The PEA is focused on establishing the current technical understanding of the project, optimizing the 2025 PFS Execution Plan and outlining the environmental permitting required to complete activities identified in the PEA. The permitting for development stage projects includes an Aquifer Protection Permit (APP) and Underground Injection Control (UIC) permit and key steps in obtaining these permits includes developing a robust, calibrated hydrogeological model to demonstrate to stakeholders and regulatory agencies that the hydrogeology and groundwater quality of the project and area surrounding the project is well understood, potential impacts have been evaluated, and that appropriate monitoring and mitigation would be included in a future mine operating plan.”