The No. 3 Shaft serves as the primary production shaft for personnel, materials, and ore at the Galena Complex. The modernization program is a cornerstone of the Company's previously announced growth capital program and represents a significant step toward increasing mining rates, improving operating efficiency, reducing operational risk, and unlocking the long-term value of both the Galena and Crescent mines.

The Company also reports that earlier this month a minor electrical fire was identified and rapidly contained at its Galena Mine in Idaho, USA. The incident resulted in no injury to staff or significant damage to mine infrastructure. The electrical fire was an isolated incident and was the result of a short circuit in a ventilation fan on the 4900 Level of the mine. Galena has since resumed normal operations, with the exception of the 4900 Level, which is undergoing additional precautionary safety audits and evaluation for any necessary repairs to the ventilation infrastructure in the area. In addition, a regional wildfire occurred last week near the Company's Crescent Mine and has since been fully extinguished. There was no damage at the mine site, however the fire prevented mine personnel from accessing the mine for approximately two days due to regional and Company safety mandates. Crews have since resumed normal development activities.