Sign Up

Abcourt Accepts $5.8M Financing Offer from Investissement Québec

ROUYN-NORANDA, Québec, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Corporation") (TSXV:ABI) (OTCQB:ABMBF) is pleased to announce that it has accepted loan offers totaling $5,800,000 in principal from Investissement Québec, as an agent of the Government of Québec, consisting of a bridge loan of up to $1,300,000 to finance tax credits related to resources for the fiscal year ending June 30, 2025 ("Loan No. 1") and a second bridge loan of up to $4,500,000 to finance tax credits related to resources for the fiscal year ending June 30, 2026 ("Loan No. 2", and together with Loan No. 1, the "Loans").

Pascal Hamelin, President and CEO of Abcourt, commented: "We are very pleased to have Investissement Québec as a financial partner in the development of the Sleeping Giant project. This partnership provides significant support to Abcourt during this important phase of the project's development towards commercial production."

The Loans will bear interest at an annual rate equal to the prime rate plus 2.55%, up to December 31, 2026, for Loan No. 1, and up to December 31, 2027, for Loan No. 2. The Loans will be ...