Kootenay Reports Incident at Columba Silver Project

Rhea-AI Summary

Kootenay Silver (OTCQX:KOOYF, TSXV:KTN) reported an accident involving a contract miner in the F Vein shaft at the Columba silver project on June 11, 2026. The worker has not yet been located. Authorities were notified, an investigation is underway, and all exploration activities have been temporarily suspended.

AI-generated analysis. Not financial advice.

Positive

• None.

Negative

• Accident at Columba project involving a contract miner, still unlocated
• All exploration activities at Columba temporarily suspended during investigation

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

VANCOUVER, BC, June 12, 2026 /PRNewswire/ - Kootenay Silver Inc. (TSXV: KTN) (OTCQX: KOOYF) (the "Company" or "Kootenay") reports the sad news that a contract miner working within the F Vein shaft at our Columba project was regrettably involved in an accident on Thursday June 11, 2026, and has not yet been located by the rescue team. All the necessary authorities were immediately contacted and a thorough investigation as to the cause of the accident began late Thursday. We have temporarily stopped all exploration activities while the investigation is ongoing.

Words cannot convey the sadness felt by our employees and contractors nor can they mitigate the loss to the family and friends, who are in our thoughts and prayers. Safety is always of paramount importance, and we must do everything we can to prevent accidents of any severity now and in the future.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For additional information, please contact:

James McDonald, CEO and President at 403-880-6016 

Ken Berry, Chairman at 604-601-5652; 1-888-601-5650 

Website: www.kootenaysilver.com

Email: investor@kootenaysilver.com 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The information in this news release has been prepared as at June 12, 2026. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based.

View original content:https://www.prnewswire.com/news-releases/kootenay-reports-incident-at-columba-silver-project-302799388.html

SOURCE Kootenay Silver Inc.

FAQ

What incident did Kootenay Silver (KOOYF) report at the Columba silver project on June 12, 2026?

Kootenay Silver reported an accident involving a contract miner working in the F Vein shaft at Columba. The incident occurred June 11, 2026, and the worker has not yet been located as rescue and investigation efforts continue, according to Kootenay.

How has the Columba project operation been affected by the accident reported by Kootenay Silver (KOOYF)?

Operations at the Columba project are affected through a temporary halt to all exploration activities. According to Kootenay, work has been suspended while authorities investigate the accident, which may delay ongoing exploration schedules until the situation and root causes are fully assessed.

What safety response did Kootenay Silver (KOOYF) describe after the Columba project accident?

Kootenay Silver said all necessary authorities were contacted immediately and a thorough investigation began the same day. The company emphasized that safety is of paramount importance and indicated it intends to do everything possible to prevent accidents of any severity now and in the future.

Is exploration at Kootenay Silver’s (KOOYF) Columba silver project currently suspended?

Yes, exploration at the Columba silver project is temporarily suspended. According to Kootenay, all exploration activities were stopped while a detailed investigation into the June 11, 2026 accident proceeds, and operations will remain paused until further notice from the company and relevant authorities.

Who can investors contact at Kootenay Silver (KOOYF) for information about the Columba project incident?

Investors can contact CEO and President James McDonald at 403-880-6016 or Chairman Ken Berry at 604-601-5652 or 1-888-601-5650. According to Kootenay, additional information is also available via its website and investor relations email address.