Minera Alamos Moves to Strengthen Balance Sheet with Executed Term Sheet for US$75 Million Revolving Credit Facility from Scotiabank and National Bank

Core Viewpoint - Minera Alamos Inc. has secured a US$75 million revolving credit facility to enhance its financial position and support growth projects without equity dilution [1][2]. Group 1: Revolving Credit Facility - The company executed a term sheet for a US$75 million revolving credit facility with The Bank of Nova Scotia and National Bank of Canada, pending final agreements and customary closing conditions [1]. - The facility aims to provide lower-cost debt financing, allowing the company to advance its U.S. growth projects [2]. - The initial drawdown will be used to repay an existing gold prepayment facility, enhancing investor participation in high gold prices [2]. Group 2: Repayment of Gold Prepayment Facility - The company plans to use the initial drawdown from the Revolver to extinguish its gold prepayment facility with Auramet International, which provided US$25 million for gold deliveries [3]. - The repayment will involve delivering a cash equivalent payment of the owed gold ounces at the prevailing spot price [3]. - Completion of the repayment is contingent upon the closing of the Revolver [3]. Group 3: U.S. Growth Projects - The company is finalizing a pre-feasibility study for its Copperstone Gold Project in Arizona and optimizing the life-of-mine plan for the Pan mine [4]. - There is potential for significant operational and cost synergies by combining the Pan mine and the adjacent Gold Rock Project [4]. - An updated technical report is expected to be released in Q4 of 2026 [4]. Group 4: Company Overview - Minera Alamos is a North American gold production and development company with projects in Nevada, Arizona, and Mexico [5]. - The company owns the Pan Operating Complex and the Copperstone Mine, along with several other projects in Mexico [5]. - The strategy focuses on becoming a leading intermediate gold producer by expanding production and developing low-capital projects [5].