Abcourt Exercises Option to Buy-Back 0.5% NSR Royalty and Increases Loan Financing with Nebari

Core Viewpoint - Abcourt Mines Inc. has exercised its option to reduce the net smelter return royalty on its Sleeping Giant and Dormex properties from 2.0% to 1.5% through a cash payment of US$2,000,000, with the potential for further reduction to 1.0% by 2028 [1][2]. Group 1: Royalty Agreement - The royalty rate reduction of 0.5% was executed as part of a net smelter return royalty agreement with Maverix Metals Inc. [1] - Abcourt has the option to further reduce the royalty rate by an additional 0.5% for a payment of US$4,000,000 before September 22, 2028 [2]. Group 2: Loan Agreement - Abcourt has amended its credit agreement with Nebari Natural Resources Credit Fund II, LP, securing an additional loan of US$2,000,000, referred to as the Upsized Loan [3]. - The total amount borrowed from Nebari now stands at US$12,000,000, distributed in three tranches [4]. Group 3: Warrants Issuance - In connection with the Upsized Loan, Abcourt will issue 14,395,259 non-transferable warrants to the lender, each exercisable for one common share at an exercise price of $0.096 until July 3, 2028 [5]. Group 4: Management Commentary - The President and CEO of Abcourt expressed that reducing the NSR at the Sleeping Giant Mine aligns with the long-term strategy of the company [6]. - The Managing Director of Nebari highlighted their support for Abcourt in enhancing the value of the Sleeping Giant Mine amid favorable gold prices [6]. Group 5: Company Overview - Abcourt Mines Inc. is a Canadian development company focused on properties in northwestern Québec, including the Sleeping Giant mine and mill [7].