Resolution criteria

• Resolves YES if Impala Canada (Implats’ Canadian subsidiary) ceases commercial production at the Lac des Iles (LDI) mine on or before April 1, 2026 (11:59 pm Eastern Time), as confirmed by an official company statement or two independent reputable outlets citing company confirmation. Temporary suspensions (<60 days), strike-related stoppages, or maintenance shutdowns do not count unless the company states LDI is entering closure or care-and-maintenance. A sale that keeps the mine producing without a closure/care-and-maintenance transition resolves NO.

• Resolves NO if commercial production is still ongoing after April 1, 2026, or if the company announces a deferral and continues producing past that date.

• Primary verification sources (examples): Impala Canada/Implats site; Canadian Press reporting; Northern Ontario Business/TBNewsWatch coverage. (impalacanada.com)

Background

• In July 2025, Impala Canada informed employees it plans to end production at LDI around May 31, 2026, citing prolonged low palladium prices; the exact date may vary based on tailings capacity and production targets. ~750 jobs are affected. (bnnbloomberg.ca)

• Local outlets reported the same plan and timing; earlier in March 2025 the CEO promised any shutdown would be communicated well in advance. (tbnewswatch.com)

Considerations

• Management has stated the final operations date is contingent on operational factors, implying potential slippage earlier or later; price rebounds or a sale could change plans. (mining.com)

• LDI has previously gone into care-and-maintenance (2008–2010), showing precedent for non-producing status without permanent closure. (northernontariobusiness.com)