Strategy To Advance Van Dyke Copper Project

CALGARY – Copper Fox Metals Inc. reported on plans to advance its Van Dyke in-situ copper recovery (ISCR) project located in the Globe-Miami Mining District, Gila County, Arizona.

Elmer B. Stewart, President and CEO, said, “Copper Fox is focused on restarting copper production from the historic Van Dyke mine in Arizona employing responsible mining technologies, practices and utilizing ISCR methodology, a mining method currently being implemented at Florence Copper. The 2020 Preliminary Economic Assessment (PEA) recognized Van Dyke as a near term, mid-size, environmentally friendly and sustainable copper project located in the prolific Miami-Inspiration mining district in Arizona. Copper Fox’s goal at Van Dyke is to update the 2020 PEA incorporating results of studies completed since 2021 to provide a critically important assessment of the Project’s status. The results of the PEA could optimize the timeline, activities and estimated cost of the Execution Plan prepared to advance the project to the prefeasibility study (PFS) stage. We look forward to delivering on this next milestone and are exploring available options for non-dilutive funding prior to initiating the PFS level activities.”