VANCOUVER, BRITISH COLUMBIA, February 10, 2026 – EMPEROR METALS INC. (“Emperor” or the “Company”) (CSE: AUOZ | OTCQB: EMAUF | FRA: 9NH) is pleased to provide an update on the Lac Pelletier mining property, located approximately 4 km southwest of the city of Rouyn-Noranda in Quebec.
In collaboration with Eldorado Gold and with the support of Norda Stelo, Emperor is actively advancing the update of the Lac Pelletier closure plan. Work conducted on the property last month to support this update focused on assessing the geochemistry of tailings from previous exploration activities, as well as evaluating the environmental quality of soil and groundwater. The updated plan is expected to be submitted to the MRNF for review and comment by the end of March, with regulatory review and approval anticipated by the end of June.
CEO John Florek commented: “Environmental responsibility and regulatory certainty are core tenets of our development strategy. By proactively advancing closure planning and securing key environmental permits early, while actively engaging with regulators, we are positioning the project for an optimized permitting process.”
The project holds a fully permitted underground mining permit, allowing for production of up to 1,000 tonnes per day (tpd). This mining permit positions Lac Pelletier as an operation nearing the development phase, offering a clear path to production and revenue following dewatering of existing underground workings and completion of additional development activities. The permit underscores the project’s advanced permitting status, highlighting its readiness as a de-risked development opportunity.
The Lac Pelletier project is being advanced under a phased development plan designed to efficiently de-risk the project and position it for long-term production. Initial work will support a Preliminary Economic Assessment (PEA), providing an initial evaluation of the project’s economic potential and developability, followed by exploration and drilling programs to update the mineral resource estimate in accordance with NI 43-101.
Comprehensive technical studies, including geotechnical, hydrological, geochemical, and mineral processing programs, will feed into a Feasibility Study and an updated NI 43-101 Technical Report. Mine development activities will encompass underground dewatering and rehabilitation, detailed engineering, and the phased construction of surface and underground facilities, ultimately leading to sustainable production.
This disciplined, phased approach emphasizes regulatory compliance, technical robustness, and capital efficiency, positioning Lac Pelletier as a shovel-ready, financeable mining project.
