03/20/2026
Glenwood, NL (March 19, 2026) – Beaver Brook Antimony Mine (BBAM) wishes to advise all stakeholders that the mine currently remains in Care and Maintenance. During this phase, we maintain a dedicated team of mining professionals on-site and strictly adhere to all regulatory requirements, including comprehensive health, safety, and environmental regulations. Our team continues to actively maintain the site in a state of operational readiness.
We maintain regular and constructive communication with the provincial and federal governments and welcome our ongoing dialogue with the Newfoundland and Labrador Minister of Industry, Energy and Technology. We work in close cooperation with all levels of government and our stakeholders, and we remain proud to contribute to the local economy – sustaining jobs and partnering with regional vendors – throughout both active operations and our current Care and Maintenance phase. We are committed to securing a positive, long-term future for the operation.
As is standard industry practice during Care and Maintenance, we routinely evaluate our mineral resources to inform our long-term strategy. These evaluations ensure that we are fully informed of our remaining mineral inventory and help to ensure prudent stewardship of the asset. We are considering all options for the future of BBAM, including a potential restart under current ownership in 2026, but as a matter of corporate policy, we do not comment on market rumors or third-party speculation.
We look forward to sharing any further updates as they become available.
