Almadex Announces Completion of Gold Loan Repayment by Almaden

VANCOUVER, British Columbia, July 18, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: "DEX") announces that Almaden Minerals Ltd. ("Almaden") has completed the repayment ("Repayment") to Almadex of the gold loan pursuant to the secured gold loan agreement, as amended ("Gold Loan"), between Almaden and the Company (see press releases dated June 27, 2024 and May 14, 2019).

As further described in the press release of May 22, 2025, the Repayment involved the return to Almadex of 397 ounces of gold which were not drawn under the Gold Loan, plus the payment of USD$5,194,354 (the "Loan Amount"). The Loan Amount was settled through the delivery to the Company of approximately 1,553 ounces of 99.99% purity physical gold bullion, which is now held in a segregated account within a secured, independently ...