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Canadian Halal Investor.

Screened October 1, 2026 · TSX: EDCU · Q2 2026 interim results (six months ended June 30, 2026)

FAIL

Is Edge Copper Corporation (EDCU) halal?

Edge Copper Corporation (TSX: EDCU) is a copper-focused exploration and development company advancing its 100%-owned Zonia Copper Project in Arizona. The business is permissible — no alcohol, gambling, weapons, pork, tobacco, or conventional-lending segments are disclosed. The screen fails on the income gate: interest income of US$38,738 in Q2 2026 (US$57,660 for the first half of 2026) was effectively the company's only income — it is pre-revenue — far above the ~5% non-compliant-income ceiling. Total liabilities of US$3.286M are ~5.6% of a ~C$80.4M market cap (passes); cash of ~US$14.8M is ~25% of market cap (passes). Result: FAIL on the non-compliant-income gate. Data from Q2 2026 interim filings, screened October 1, 2026.

The two-gate Shariah screen

Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).

Gate one: the business — passes

Edge Copper (formerly Plata Latina Minerals Corporation; renamed October 30, 2025 on closing the acquisition of the Zonia Copper Project from World Copper Ltd.) is a copper exploration and development company with one reportable operating segment: the Zonia Project, a past-producing heap-leach copper operation in Arizona's Walnut Grove mining district. In 2026 it commenced a 54,000-foot diamond drill program aimed at upgrading and expanding the Mineral Resource, with an updated estimate expected in Q4 2026. The company graduated from the TSX Venture Exchange to the TSX on August 5, 2026, trading under the symbol EDCU. No alcohol, pork, gambling, conventional interest-based lending, tobacco, cannabis, weapons, or adult-entertainment lines were disclosed. Gate one passes. Facts only.

Gate two: the ratios — interest income fails

The FAIL comes from the interest-income gate alone; the business, debt, and cash gates pass.

What other screeners say

The bottom line

This screener gives Edge Copper Corporation (TSX: EDCU) a FAIL. Its business (copper exploration and development), its debt (~5.6% of market cap) and its cash (~25% of market cap) all pass — but the company is pre-revenue and its only income in the first half of 2026 was interest on its cash balance (US$57,660, effectively 100% of income), far above the ~5% ceiling. Because the company is a developer rather than a lender, the fail is transitional: once the Zonia Project generates operating revenue, interest income's share could fall below ~5%. Snapshot dated October 1, 2026; re-checked quarterly after earnings.

Sources

Related screeners

Frequently asked questions

Is Edge Copper Corporation (EDCU) halal?

Our screener gives Edge Copper Corporation a FAIL screening result. Its copper exploration and development business is permissible and its debt (~5.6% of market cap) and cash (~25% of market cap) both pass — but the company is pre-revenue, and interest income of US$38,738 in Q2 2026 (US$57,660 for the first half of 2026) was effectively the company's only income, far above the ~5% non-compliant-income ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

Why does Edge Copper fail the screen?

Edge Copper is a pre-revenue explorer with no sales: its only disclosed income line for the first half of 2026 is interest income — US$18,922 in Q1 2026 plus US$38,738 in Q2 2026, totalling US$57,660 against nil revenue. Interest is therefore effectively 100% of the company's income, far above the ~5% AAOIFI-style ceiling. The business itself (copper exploration and development at the 100%-owned Zonia Copper Project in Arizona) is permissible; only the income gate fails.

Do Edge Copper's debt and cash ratios pass?

Yes. Total liabilities at June 30, 2026 were US$3,285,893 (about C$4.47M at the June-30 exchange rate) — roughly 5.6% of a ~C$80.4M market cap (C$0.48 x 167,435,550 shares outstanding, October 1, 2026), well under the ~33% ceiling. The only interest-bearing debt is about US$45k of vehicle lease liabilities. Cash of US$14,762,846 (about C$20.1M per the financial statements' CAD-equivalent disclosure) is about 25% of market cap, also under the ~33% ceiling. Only the interest-income gate fails.

What do Zoya, Musaffa and ShariaPortfolio say about Edge Copper?

As of October 1, 2026: Zoya's screening data is app-gated and we found no public EDCU page via web search, so Zoya coverage cannot be confirmed or denied; Musaffa publishes per-stock pages for TSX tickers but site search returns no EDCU result, so Musaffa does not appear to cover it; ShariaPortfolio has no public per-stock screener database. Our screener reports its own figure-by-figure analysis above.

Could Edge Copper become halal?

Plausibly, once the project advances. Unlike a structural lender, Edge Copper is a developer: its fail comes from interest earned on its cash balance while it is pre-revenue, not from an interest-based business model. If the Zonia Copper Project moves toward production and operating revenue materialises, interest income's share of total income could fall below ~5%. The company graduated from the TSXV to the TSX on August 5, 2026, and debt and cash already pass with wide margins — the income gate is the binding constraint. Re-screen quarterly after earnings.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).