AUGUSTA GOLD RECEIVES LETTER OF INTEREST FROM U.S. EXIM BANK FOR UP TO US$50 MILLION IN HIGH QUALITY FINANCING FOR REWARD PROJECT

Core Viewpoint - Augusta Gold Corp. has received a Letter of Interest from the Export-Import Bank of the United States for up to US$50 million in financing to support the development of its Reward Project in Nevada, highlighting the project's significance for domestic mineral production and economic development [1][3]. Financing Details - The non-binding Letter of Interest outlines EXIM's preliminary interest in providing a competitively priced loan with a potential 10-year repayment term, including an interest-only period [2]. - The financing is intended to cover over 50% of the project construction cost, indicating strong support for the Reward Project [3]. Project Overview - The Reward Project is a fully permitted, construction-ready gold project located in Nye County, Nevada, expected to create high-quality jobs and contribute to the U.S. supply chain of critical minerals [3]. - The project aligns with EXIM's policy goals of job creation and export nexus, with potential backing from state and local governments [2]. Future Collaboration - Augusta Gold aims to work closely with EXIM to finalize terms and bring the Reward Project into production, indicating a commitment to advancing the project [4].