Almaden Announces Early Repayment of Gold Loan with Almadex

Core Viewpoint - Almaden Minerals Ltd. has announced the early repayment of an outstanding gold loan to Almadex Minerals Ltd. through the delivery of gold bullion, following the sale of its Rock Creek mill [1][2]. Group 1: Loan Details - The outstanding loan balance, including accrued interest and standby fees, is USD$5,194,354 [2]. - Almaden will repay the loan by delivering gold bullion of 99.99% purity, with the amount determined by the prevailing gold price on the business day before the settlement date [2]. - In addition to the borrowed gold, Almaden will return 397 ounces of undrawn gold bullion [2]. Group 2: Security and Financial Position - The loan 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 Almaden estimates a cash position of approximately CAD$6.5 million [3].