Almaden Announces Completion of Rock Creek Mill Sale and Repayment of Gold Loan with Almadex

VANCOUVER, British Columbia, July 11, 2025 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (("Almaden" or "the Company", TSX:AMM, OTCQB:AAUAF) is pleased to announce that it has closed the sale of certain assets comprising the Rock Creek Mill to Metals Exploration PLC (LSE AIM: MTL) (the "Transaction") and received aggregate gross proceeds of US$9,700,000 (the "Purchase Price") (see press release dated March 3, 2025). 15% of the Purchase Price was payable as a commission by Almaden to an equipment sales broker.

With the completion of the Transaction, Almaden will now proceed with the early repayment of the outstanding gold loan pursuant to the secured gold loan agreement, as amended ("Gold Loan"), between Almaden and Almadex Minerals Ltd. ("Almadex") (see press release dated May 22, 2025). The Gold Loan will be settled by the return of the undrawn balance of 397 ounces, along with physical delivery of gold bullion of 99.99% purity to Almadex representing the outstanding loan balance (including accrued interest and standby fees) of ...