Almadex Announces Completion of Gold Loan Repayment by Almaden

Core Viewpoint - Almadex Minerals Ltd. has successfully completed the repayment of a gold loan from Almaden Minerals Ltd., which included the return of gold and a cash payment settled with physical gold bullion [1][2]. Group 1: Repayment Details - The repayment involved the return of 397 ounces of gold that were not drawn under the gold loan agreement [2]. - Almaden paid a total of USD 5,194,354, which was settled through the delivery of approximately 1,553 ounces of 99.99% purity physical gold bullion [2]. - Following the repayment, Almadex now holds a total of approximately 1,950 ounces of gold [2]. Group 2: Company Overview - Almadex Minerals Ltd. is an exploration company with a large mineral portfolio that includes projects and NSR royalties in Canada, the U.S., and Mexico [3]. - The company's portfolio is a result of extensive prospecting and deal-making by its management team [3]. - Almadex owns several portable diamond drill rigs, allowing for cost-effective first-pass exploration drilling in-house [3].