Almadex Announces Early Repayment of Gold Loan

Core Viewpoint - Almadex Minerals Ltd. announces the early repayment of a gold loan by Almaden Minerals Ltd., which will be settled through the delivery of gold bullion [1][2]. Group 1: Loan Details - The outstanding loan balance, including accrued interest and standby fees, is determined to be USD$5,194,354 [2]. - Almaden will repay the loan amount by delivering gold bullion of 99.99% purity, with the amount based on the prevailing gold price on the business day prior to the settlement date [2]. - The repayment is contingent upon Almaden receiving the final payment from the sale of its Rock Creek mill to Metals Exploration PLC, expected on or before August 31, 2025 [2]. Group 2: Security and Release - The loan amount is secured by a first lien on certain equipment related to the Rock Creek mill [3]. - Upon repayment, the security interest will be fully released and discharged [3]. Group 3: Company Overview - Almadex Minerals Ltd. is an exploration company with a large mineral portfolio in Canada, the U.S., and Mexico, resulting from extensive prospecting and deal-making [4]. - The company owns portable diamond drill rigs, allowing for cost-effective exploration drilling [4].