Edge Copper (EDCU) Q3 2026 earnings summary

Executive summary

• Zonia advancement drove $16.59M of exploration and evaluation spending in 9M 2026; net loss was $18.83M versus net income of $4.98M in 9M 2025.

• Oxide drilling, hydrogeological work, permitting and technical studies advanced the project; a post-quarter sulfide copper-gold-silver-molybdenum discovery adds an exploration opportunity but has no estimated mineral resource and is not included in the 2026 PEA.

• Continued operations depend on Zonia development and obtaining additional financing on acceptable terms; material going-concern uncertainty exists.

Financial highlights

• Q3 2026 net loss was $6.47M versus $0.30M in Q3 2025; 9M 2026 net loss was $18.83M versus net income of $4.98M in 9M 2025.

• 9M exploration and evaluation expenditures were $16.59M versus $72,721 in 9M 2025; Q3 spending was $5.68M versus $72,721.

• Cash was $7.64M and working capital $5.24M at September 30, 2026; cash increased $95,127 from December 31, 2025.

• Total assets increased $0.9M from December 31, 2025, mainly from project property and equipment additions.

Outlook and guidance

• The 65,000-foot drill program targets resource upgrades and expansion; an updated Mineral Resource estimate is targeted for Q1 2027, followed by an updated PEA.

• Metallurgical optimization and technical studies will continue; systematic deeper sulfide drilling is planned for 2027.