EDM Resources advances Scotia Mine toward production decision after Q1 progress

EDM Resources Inc (TSX-V:EDM, OTC:SWNLF) said on Wednesday it made headway on permitting, financing and development activities in the first quarter of 2026, as the company moves closer to a potential production decision for its Scotia Mine project in Nova Scotia. The Canadian miner said its application for a Fisheries Act Authorization has entered a formal 90-day review process after being deemed complete by the Department of Fisheries and Oceans, supported by a C$1.16 million performance bond.