SEATTLE (Scrap Monster): Majestic Gold Corp. announced a temporary suspension of operations at its Songjiagou Gold Project and Mujin Gold Project in Yantai, China, following a directive from the Yantai Emergency Management Bureau.

The order requires all gold mining operations in Yantai to halt production immediately after a serious accident on February 7, 2026, at an unrelated third-party mine in Zhaoyuan City. In addition to shutting down the mine involved in the incident, authorities mandated that all non-involved mining companies in the region suspend activities pending further notice.

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Majestic’s subsidiaries, Yantai Zhongjia Mining Co., Ltd. and Yantai Mujin Mining Co., Ltd., have complied fully with the directive and ceased mining operations. The company expects to receive formal written guidance from the Emergency Management Bureau outlining required actions and conditions for resumption.

Majestic stated it will provide updates as more information becomes available regarding restart timelines.

Separately, the company confirmed it is actively pursuing gold property acquisitions and joint venture opportunities. Management is currently attending Mining Indaba 2026 and the 121 Mining Investment Conferences in South Africa to advance strategic growth initiatives and engage potential partners.