Moon River Moly Updates Davidson Study, Puts After-Tax NPV at CAD 1.23 Billion

• Moon River Moly completed an updated preliminary economic assessment for its Davidson molybdenum-copper-tungsten project near Smithers, British Columbia, on October 22, 2026.
• Base-case after-tax net present value reached CAD 1.23 billion at an 8% discount rate, versus CAD 1.03 billion previously; IRR rose to 33%.
• Flotation-based recovery increased projected annual tungsten production by 350%, lowering molybdenum all-in sustaining costs to USD 4.36 per pound, net of byproduct credits.
• Initial capital costs total CAD 750.1 million; projected payback shortened to 1.5 years from 2.3 years in the previous assessment.
• The project has a projected 20-year mine life, with a prefeasibility study expected in the first half of 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Moon River Moly Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610220854NEWSFILECNPR____20261022_320318_1) on October 22, 2026, and is solely responsible for the information contained therein.