Copper Fox Metals (CUU.V) on Monday provided an overview of the planned 2026 program at Schaft Creek, "focused on addressing key aspects required in transitioning the project to the Pre-Feasibility Stage."

The company noted the Schaft Creek project is managed through the Schaft Creek Joint Venture (SCJV), while Teck Resources Limited (TECK-A.TO, TECK-B.TO) is the operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest.

Highlights of the 2026 program include planned expenditures in 2026 of C$9.1 million and preparation for the pre-feasibility study. It also includes limited camp maintenance and environmental sampling field program, as well as BC Hydro System Impact Study.

In the highlights, the company also mentioned that it addresses key aspects of the Scoping Study review including a technical review of the geological model, metallurgical testwork, tailings and mine plan options analysis and access road trade-off studies.

The company further said that the 2026 field program is focused on completing maintenance and upgrades to the camp for future programs and conducting limited environmental data collection.

"Copper Fox is pleased with the scope and direction of the 2026 budget and program," said Elmer B. Stewart, President and CEO of CUU. "The emphasis on the project is transitioning from data collection to assessing the technical status of the project and is forward-looking in terms of energy requirements. The close out of the Scoping Stage review is a critical aspect of project development in preparation for entering the Pre-Feasibility Stage."

Shares in CUU lost 3% last Thursday, ahead of the Easter holiday weekend.