We sat down with Meredith Eades, President & CEO of EraNova Metals, to discuss the newly released PEA for the company's Adanac Molybdenum Project in British Columbia and what it means for the project's next stage of development.

In this interview, we cover the PEA's C$714.4 million after-tax NPV, 23.5% IRR, 2.6-year payback and approximately C$930 million initial capital requirement. Meredith also discusses the US$25/lb molybdenum price assumption, the path toward feasibility, potential government funding, strategic partnerships and offtake opportunities as EraNova looks to further de-risk the project.

We also touch on the Atlin Discovery exploration portfolio and how it provides additional optionality alongside the company's primary focus on advancing Adanac.