TRX Gold Announces New Financing Facilities

Core Viewpoint - TRX Gold Corporation has secured new financing agreements to enhance its capital access and financial flexibility, which will support its growth initiatives in the short to medium term [1][13]. Financing Agreements - Buckreef Gold Limited has entered into a $5 million revolving credit facility and a $4 million vehicle and asset financing facility with Stanbic Bank Tanzania, providing supplementary liquidity for working capital [2][3]. - The revolving credit facility has a maximum tenor of twelve months, while the vehicle and asset financing facility has a maximum tenor of thirty-six months [2]. - Buckreef Gold has also established a Gold Prepayment Facility with Auramet, allowing the sale of up to 1,000 troy ounces of gold, potentially providing approximately $2.75 million for working capital [6][7]. At The Market Offering Agreement - The Company renewed its At The Market Offering Agreement with H.C. Wainwright & Co. and Roth Capital, allowing it to offer common shares with an aggregate offering price of up to $25 million [8][11]. - This renewed facility replaces a prior $10 million ATM facility and a $10 million purchase agreement that expired in January 2025 [8][11]. Strategic Implications - The new financing arrangements are expected to provide TRX Gold with increased financial flexibility to manage working capital fluctuations and accelerate growth [1][13]. - The CEO highlighted the importance of these facilities in supporting the transition from a small test plant operation to a larger commercial operation [13].