Core Points - Abcourt Mines Inc. has entered into an agreement with Red Cloud Securities Inc. for a brokered private placement aiming to raise up to $8,500,000 through the sale of flow-through units and regular units [1][4] - The offering includes up to 41,666,666 flow-through units priced at $0.12 each and up to 41,176,471 regular units priced at $0.085 each [1][3] - The proceeds from the sale of regular units will be allocated for working capital and general corporate purposes, while proceeds from flow-through units will be directed towards the exploration of the Flordin-Cartwright project in Quebec [6] Offering Details - Each flow-through unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at $0.12 within 36 months [2] - Each regular unit also consists of one common share and one warrant, with similar terms for the warrant [3] - The offering is subject to conditions including necessary approvals from the TSX Venture Exchange, with a closing date expected around October 31, 2025 [7] Additional Information - The agents have an option to sell an additional $1,500,000 in units prior to the closing date [5] - The securities will be offered under the Listed Issuer Financing Exemption, making them immediately tradeable under Canadian securities legislation for Canadian residents [4] - The company is a Canadian development firm with properties in northwestern Quebec, focusing on the Sleeping Giant mine and mill [11]

Core Viewpoint - Abcourt Mines Inc. has successfully initiated operations at the Sleeping Giant Mine, achieving significant milestones in its first quarter of development, including gold processing and underground development [1][5]. Group 1: Operations Overview - Abcourt began processing materials at the Sleeping Giant Mill in mid-August, with the goal of achieving a 95% gold recovery rate from the circuit [2]. - The company has started underground development, rehabilitating existing drifts and accessing production stopes, with production commencing from the first stope in August [3]. - The first phase of the sleep camp and kitchen was completed and commissioned on September 2, alongside civil construction work at the tailing facility [4]. Group 2: Production and Financial Metrics - In the first quarter, Abcourt reported the following operational metrics: - Diamond Drilling: 6,467 meters - Underground Rehabilitation: 1,703 meters - Underground Development: 71.1 meters - Tonnes Milled: 3,511 tonnes - Mill Head Grade: 5.88 g/t - Ounces Milled: 664 ounces - Recovery Rate: 94.9% - Ounces Produced: 630 ounces - Ounces Sold: 26 ounces [5]. - At the end of the quarter, the gold inventory in the circuit was 604 ounces [7].

Core Insights - Abcourt Mines Inc. has announced significant results from the Flordin Cartwright project, extending the mineralized zone to over 650 meters and identifying new parallel mineralized zones that had not been previously drilled or sampled [1][11]. Summary by Sections Project Developments - Stripping 25-01 revealed a new mineralized zone with a gold grade of 1.4 g/t Au over 4.0 meters, demonstrating lateral continuity and remaining open in both directions [2][11]. - Stripping 25-02, located over 650 meters west of the Cartwright area, confirmed lateral continuity of mineralization over at least 700 meters, with previous drilling returning 3.9 g/t gold over 19 meters [3][11]. Methodology - The recent work involved six channels approximately 10-15 meters long on stripping 25-01 and two channels on stripping 25-02, with samples collected being 0.5 meters long and oriented perpendicularly to the mineralized zones [4][5]. Analytical Results - The main results from channel sampling include: - Channel 25-01: 1.4 g/t gold over 4.0 meters - Channel 25-02: 9.5 g/t gold over 7.0 meters, including 112.7 g/t gold over 0.5 meters [7]. Future Developments - Abcourt will present its findings at the Munich Mining Conference on October 3 and 4, 2025, aiming to showcase its results and new discoveries to international investors [14].

ROUYN-NORANDA, Quebec, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Company") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce its most recent results from the Flordin Cartwright project where two new strippings were completed. These have extended the current mineralized zone to more than 650 metres while identifying new mineralized zones parallel to previously identified zones that had never been exposed or drilled at depth. The Campaign Stripping 25-01 presents minerali ...

TORONTO, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Nebari Partners, LLC (“Nebari”) announces that through Nebari Natural Resources Credit Fund II, LP (the “Lender”) it has entered into a second agreement to amend its credit agreement (the “Loan Agreement”) with Abcourt Mines Inc. (“Abcourt” or the “Corporation”) pursuant to which an additional USD$2,000,000 is made available as a loan to the Corporation (the “Upsized Loan”). In connection with the closing of the Upsized Loan, the Abcourt issued 14,395,259 non-tran ...

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].

Core Points - Abcourt Mines Inc. has successfully completed its first gold pour at the Sleeping Giant Mine, marking a significant milestone in its operations and commitment to sustainable gold production [1][2] - The first gold pour occurred on September 11, 2025, at the Sleeping Giant site in the Eeyou Istchee region of Quebec, following extensive efforts by the Abcourt team [2] - Pascal Hamelin, President and CEO of Abcourt, expressed pride in this achievement, highlighting the efficiency of operations with the first pour occurring just two months after project development began [3] - The company will present its achievement at the Mining Forum Americas 2025, scheduled from September 14 to 17, 2025, in Colorado Springs, USA [3] Company Overview - Abcourt Mines Inc. is a Canadian exploration company with properties located in northwestern Québec, including the Sleeping Giant mine and mill, as well as the Flordin property [5]

Core Viewpoint - Abcourt Mines Inc. has secured an additional USD$2,000,000 loan from Nebari Natural Resources Credit Fund II, LP, increasing the total borrowed amount to USD$10,000,000 to support the development of its Sleeping Giant Mine [1][2][3]. Group 1: Loan Agreement Details - The total amount borrowed from Nebari is USD$10,000,000, divided into two tranches: USD$8,000,000 on July 3, 2025, and USD$2,000,000 on September 10, 2025 [2]. - The amended loan agreement includes the addition of Tranche 2, with no other material changes to the original agreement [2]. Group 2: Use of Proceeds - The proceeds from the Upsized Loan will be utilized to accelerate the development of the Sleeping Giant Mine, including the addition of a third underground diamond drill to expand mineral resources [3]. Group 3: Management Comments - Pascal Hamelin, President and CEO of Abcourt, emphasized the importance of the partnership with Nebari and the operational benefits of increasing on-site workers to reduce costs and expedite underground development [4]. - Steven Bowles, Managing Director of Nebari, expressed satisfaction with the loan increase, highlighting the operational readiness plan that positions the project favorably in the current gold price environment [4]. Group 4: Warrants Issuance - In connection with the Upsized Loan, Abcourt issued 14,905,298 non-transferable warrants to Nebari, each exercisable for one common share at an exercise price of $0.093 until July 3, 2028 [4].

Group 1 - Abcourt Mines Inc. has appointed Chad Williams as a new director, replacing Lise Kistabish who resigned in June 2025 [1] - Chad Williams has a strong background in capital markets and business management, being the founder and Chairman of several mining-related companies and previously serving as CEO of Victoria Gold Corp [2] - The Board of Directors of Abcourt has granted a total of 21,600,000 common share purchase options to various stakeholders, with an exercise price of $0.07, expiring on August 28, 2030 [3] Group 2 - Abcourt Mines Inc. is a Canadian exploration company with properties in northwestern Quebec, focusing on the Sleeping Giant mine and Flordin property for exploration and development [4]

Core Points - Abcourt Mines Inc. has accepted loan offers totaling $5,800,000 from Investissement Québec to finance tax credits related to resources for the fiscal years ending June 30, 2025, and June 30, 2026 [1][2] - The loans consist of a bridge loan of up to $1,300,000 for the fiscal year ending June 30, 2025, and a second bridge loan of up to $4,500,000 for the fiscal year ending June 30, 2026 [1][2] - The loans will bear interest at an annual rate equal to the prime rate plus 2.55% and will be secured by refundable tax credits and a support letter of credit representing 10% of the loans [2] Company Overview - Abcourt Mines Inc. is a Canadian development company with properties located in northwestern Québec, focusing on the Sleeping Giant mine and mill, as well as the Flordin property [3]