Wallbridge Mining

Wallbridge Mining Company presents a compelling investment opportunity through the advancement of its Fenelon Gold Project, a large-scale gold development asset located in the underexplored northern portion of the Abitibi Greenstone Belt. The project’s 2025 Preliminary Economic Assessment outlines a robust development scenario, highlighting a 16-year mine life with an average annual gold production of approximately 107,000 ounces and higher average production of roughly 127,000 ounces during the first five years of operation.

The study projects strong financial performance, including an after-tax net present value (NPV) of approximately $706 million and an internal rate of return (IRR) of 21%, based on a gold price assumption of $2,200 per ounce. These figures demonstrate the project’s economic resilience and significant leverage to higher gold prices. Fenelon is also projected to generate average annual after-tax cash flow of roughly $120 million over the life of the mine, highlighting its potential as a long-term revenue-generating asset.

Operating costs further strengthen the project’s investment profile. The Fenelon project is estimated to have total cash costs of approximately $851 per ounce and all-in sustaining costs (AISC) of around $1,046 per ounce, positioning it competitively among emerging gold producers in North America. In addition to the project’s favorable economics, Wallbridge benefits from operating in Quebec, a globally recognized Tier-1 mining jurisdiction known for its stable regulatory environment, well-developed infrastructure, and strong government support for mineral development.

As global demand for gold continues to rise amid economic uncertainty and increasing geopolitical tensions, Wallbridge’s growing resource base and advancing development pipeline provide investors with meaningful exposure to long-term gold price appreciation and district-scale exploration upside.

Wallbridge Mining Company is led by a seasoned leadership team with extensive expertise in mining finance, exploration, and corporate governance. The company’s management brings decades of experience across project development, capital markets, and mineral exploration throughout the Americas.

Chief Executive Officer Brian W. Penny is a veteran mining executive with more than 30 years of experience in senior financial leadership roles within the global resource sector. Prior to joining Wallbridge as CFO in 2018 and later becoming CEO, he served as Executive Vice President and CFO of New Gold Inc. and previously as Vice President of Finance and CFO of Kinross Gold Corporation. Over his career, Mr. Penny has played a key role in strengthening corporate balance sheets, guiding disciplined capital allocation, and supporting strategic mergers and acquisitions across multiple commodities and jurisdictions.

The company’s financial operations are overseen by Chief Financial Officer Mary Montgomery, who brings extensive experience in financial management within the mining sector and has held senior finance roles with several organizations in the Sudbury mining community.

Technical exploration strategy is supported by Senior Geological Consultant Mark Petersen, an economic geologist with nearly three decades of experience in precious and base metals exploration across the Americas. Corporate governance and regulatory compliance are managed by Corporate Secretary Sean Stokes, who brings close to 30 years of experience in corporate administration, finance, and business development for publicly listed mining companies.

Wallbridge Mining Company is pursuing a multi-faceted growth strategy focused on advancing its flagship Fenelon Gold Project toward production while simultaneously expanding its broader district-scale exploration portfolio. The company’s development plan centers on optimizing the economics of the Fenelon project through additional technical studies, including trade-off analyses, metallurgical testing, and infrastructure planning that will support the progression toward a future pre-feasibility study.

In parallel with development work, Wallbridge continues to invest in exploration programs designed to grow its mineral resource base across the Detour–Fenelon Gold Trend. The company has outlined an aggressive drilling campaign totaling approximately 25,000 meters across several projects, including targeted infill drilling at Fenelon and expansion drilling at the nearby Martiniere Gold Project. These programs aim to improve resource confidence, expand known mineralised zones, and identify additional satellite deposits that could further enhance the project’s long-term production profile.

The Martiniere project represents a particularly important component of Wallbridge’s growth strategy, as recent drilling results have confirmed significant scale and continuity within the deposit. Continued exploration at Martiniere could potentially expand the project into a multi-million-ounce gold system that complements Fenelon’s development.

Environmental responsibility and sustainable development also form a core part of Wallbridge’s strategic approach. The company actively engages with local communities and Indigenous partners while implementing environmental management programs designed to minimize operational impacts. Through this balanced strategy - combining disciplined project advancement, exploration growth, and responsible development - Wallbridge is building a platform for long-term value creation in the Abitibi region.

Wallbridge Mining Company maintains a focused financial strategy centered on advancing the Fenelon Gold Project while continuing exploration across its broader land package. The company benefits from a strong resource base exceeding four million ounces of gold and a project development pathway supported by favorable economic projections outlined in its Preliminary Economic Assessment.

The Fenelon development scenario requires an estimated initial capital investment of approximately $579 million, which includes expenditures for mine infrastructure, processing facilities, underground development, and supporting surface infrastructure. Sustaining capital over the life of the mine is estimated at roughly $449 million, bringing total life-of-mine capital expenditures to just over $1 billion. These investments are expected to support steady gold production over the project’s 16-year mine life.

From an operating perspective, the Fenelon project demonstrates competitive cost metrics, with projected total cash costs of approximately $851 per ounce and all-in sustaining costs (AISC) of about $1,046 per ounce. These cost levels support strong operating margins under current gold price assumptions. The project’s financial model indicates average annual after-tax free cash flow of roughly $120 million, providing the potential for significant long-term value generation once the project enters production.

Wallbridge continues to evaluate potential financing options for project development, which could include a combination of equity financing, strategic partnerships, and other capital market solutions. With a growing resource base, supportive shareholder backing, and strong project economics, the company is well positioned to attract the funding necessary to advance Fenelon toward construction and eventual production.

Like all mining development companies, Wallbridge Mining Company faces several risks associated with advancing large-scale mineral projects. One of the most significant variables affecting project economics is the price of gold. While fluctuations in commodity prices can impact revenue projections, the Fenelon project’s relatively competitive operating costs provide a degree of resilience against market volatility. Additionally, the project’s strong sensitivity to rising gold prices offers substantial upside potential during favorable market conditions.

Permitting and regulatory approvals represent another important aspect of the project development process. Operating within Quebec provides a supportive regulatory framework for mining activities, but the company must still secure various environmental and operational permits prior to construction. Wallbridge actively engages with government authorities and local stakeholders to ensure compliance with regulatory requirements and maintain transparent communication throughout the permitting process.

Financing risk is also inherent in the development of large mining projects due to the substantial capital required for construction. Wallbridge is addressing this challenge by maintaining a disciplined development approach and exploring multiple financing pathways, including partnerships, equity financing, and strategic investment opportunities.

Operational and environmental risks are managed through ongoing technical evaluations, industry-standard engineering practices, and strong environmental stewardship programs. The company’s commitment to responsible development includes environmental monitoring, water management systems, and collaboration with Indigenous communities in the region. Through proactive risk management and responsible operational planning, Wallbridge aims to mitigate development challenges while maintaining steady progress toward production.

Wallbridge Mining Company is emerging as a notable gold development company in Canada, anchored by its flagship Fenelon Gold Project in the prolific Abitibi Greenstone Belt. With a mineral resource base exceeding four million ounces of gold across the Fenelon and Martiniere Gold Project deposits, the company controls a large and highly prospective land position in one of the world’s most established mining regions.

Supported by encouraging economic study results, including a 16-year mine life, strong projected cash flow, and competitive operating costs, Fenelon represents a significant long-term development opportunity. Continued exploration across the Detour–Fenelon trend provides additional potential to expand resources and strengthen the project’s production outlook over time.

The company’s experienced management team, strong shareholder backing, and commitment to responsible environmental practices further enhance its long-term growth prospects. As Wallbridge continues to advance technical studies, expand its resource base, and progress toward the next stages of project development, the company is positioning itself to become an important future gold producer in Canada.

For investors seeking exposure to an emerging gold development project in a Tier-1 jurisdiction, Wallbridge Mining Company offers a compelling combination of resource scale, exploration potential, and leverage to rising gold prices.