Core Points - Bear Creek Mining Corporation has drawn down US$1.2 million from the 2025 Sandstorm Note, bringing the total drawn to US$5.4 million out of a maximum of US$6.5 million [1][2] - The remaining amount of US$1.1 million can be drawn down subject to Sandstorm's approval [1] - The interest rate on the 2025 Sandstorm Note is 7% per annum, maturing on September 22, 2028, with deferred interest payments until December 31, 2025 [2] Financial Condition - As of June 30, 2025, the company reported a working capital deficiency of US$91.7 million, raising concerns about its ability to continue as a going concern [4] - The financial statements were prepared under the assumption that the company can continue operations for at least twelve months from the reporting date [4] - There is material uncertainty regarding the company's ability to generate sufficient cash flow from the Mercedes mine to meet ongoing obligations [4]

Core Points - Bear Creek Mining Corporation has drawn down US$0.6 million from the 2025 Sandstorm Note, bringing the total drawn to US$4.2 million out of a maximum of US$6.5 million [1][2] - The remaining amount of US$2.3 million can be drawn down with prior approval from Sandstorm [1] - The funds will be utilized for general working capital purposes [1] - The 2025 Sandstorm Note has an interest rate of 7% per annum and matures on September 22, 2028, with deferred interest payments until December 31, 2025 [2] - The company has announced the departure of Mr. Eduardo Flores, Senior Vice President of Business Development, effective immediately [3] Financial Condition - As of December 31, 2024, the company reported a working capital deficiency of US$93.2 million [6] - The financial statements were prepared under the assumption that the company can continue operations for at least twelve months from the reporting date [6] - There is material uncertainty regarding the company's ability to generate sufficient cash flow from the Mercedes mine to meet ongoing obligations [6]