Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) said it received an exemption from British Columbia's Ministry of Water, Land and Resource Stewardship authorizing construction of an access trail through a Wildlife Habitat Area to its Fox Tungsten Project in south-central British Columbia.
The company also received authorizations from the British Columbia Ministry of Mining and Critical Minerals for the trail's construction and extended its Fox Multi-Year Area Based permit through March 2031.
The access trail is intended to provide access for personnel, equipment and supplies while reducing the company's reliance on helicopter support.
Under the WHA exemption, Fox Tungsten will support a regional caribou monitoring program, contributing approximately C$300,000 over five years.
"Receiving these authorizations is an important milestone for the Fox Project," said Steve Gray, CEO of Fox Tungsten, adding that the trail will reduce reliance on helicopters and provide more reliable access as the project advances.
The company's 20,000 meter exploration program is ongoing, with initial assay results expected in the coming weeks.
The 2026 program is designed to support resource expansion, with the company targeting completion of an updated mineral resource estimate and Preliminary Economic Assessment in 2027.
Shares of Fox Tungsten advanced 5.7% on Friday morning.
