TokStocks Small Cap Podcast

Selkirk Copper Mines (TSXV: SCMI) - Catching Stride and Up 300%

In a Talk Stocks interview, Selkirk Copper Mines (TSXV: SCMI) CEO Colin Jouri outlined the company’s recent milestones, including a successful financing round that injected fresh capital at favorable terms and the acquisition of a former producing copper‑gold‑silver asset out of bankruptcy. The bankruptcy exit removed historic liabilities, notably a gold‑silver stream, giving Selkirk full control over the resource and its future cash flows. The company completed a 52,000‑meter drilling campaign that confirmed robust underground grades of 1.4‑1.8% copper, with a standout 8% copper intercept over eight meters, and open‑pit grades around 1% copper. These results have expanded the known mineralized zones, prompting an upcoming Preliminary Economic Assessment (PEA) slated for mid‑year, which will also refresh the resource model and underpin a projected restart of production by 2028. Jouri highlighted operational challenges, such as drilling in -55°C conditions, emphasizing safety and communication. He stressed that while shareholders push for immediate production, Selkirk will not rush; instead, it aims to deliver a well‑engineered plan that meets the expectations of investors, the Selkirk First Nation, and the broader community. If the PEA validates the drill data, Selkirk could become a notable copper supplier amid a tightening market, offering junior‑stage investors exposure to a high‑grade, low‑cost project with a clear path to cash flow.