Rupert Resources Reports Results for the Three and Nine Months Ending September 30, 2025

Core Insights - Rupert Resources Ltd reported its unaudited financial results for the three and nine months ending September 30, 2025, highlighting progress in permitting and feasibility studies, particularly in waste and water management [1][7][8] Financial Overview - The company recorded a net loss of CAD 6.7 million for the nine months ending September 30, 2025, translating to a net loss per share of CAD 0.03 [7] - As of September 30, 2025, Rupert Resources held cash and cash equivalents totaling CAD 100.3 million, which includes short-term investments [6][8] Corporate Update - The appointment of Russell White as Project Director is expected to enhance the company's capability to advance the Ikkari project towards production [9] - The company is focusing on optimizing its exploration strategy in the Central Lapland Greenstone Belt (CLGB) ahead of the winter program [5][8] Operational Activities - The operational focus has been on the Rupert Lapland Project Area, particularly the Ikkari project, with significant drilling and feasibility study activities ongoing [10][11] - The winter drill program at Ikkari was completed, including hydrogeological and geotechnical drilling to inform the upcoming feasibility study and environmental permit application [11][12] Feasibility Study Progress - The company is advancing its feasibility study workstreams, with hydrogeological pump testing and geotechnical logging completed during Q3 2025 [14][15] - Waste and water optimization studies are nearing completion, aimed at streamlining operations and permitting processes [8][16] Environmental and Permitting Efforts - The company is actively advancing its Environmental Impact Assessment (EIA) program, with the goal of securing environmental and water permits for the Ikkari project [21][22] - Ongoing baseline environmental assessments and impact modeling are being conducted to support the permitting process [22] Exploration Activities - Exploration drilling was reduced during Q3 2025, with a focus on reviewing the permit package and existing data [23] - A total of 2,900 meters of exploration drilling was completed in Q3 2025, bringing the year-to-date total to 12,500 meters [25] Future Outlook - The company plans to allocate approximately CAD 35-40 million for advancing its assets within the Rupert Lapland Project Area over the next twelve months [26][28] - Key focus areas include completing the feasibility study for Ikkari, continuing exploration, and advancing permitting and environmental studies [28]