TSX: MPVDTORONTO, Aug. 12, 2025 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) today announces financial results for the second quarter ended June 30, 2025 ("the Quarter" or "Q2 2025") from the Gahcho Kué Diamond Mine ("GK Mine"). All figures are expressed in Canadian Dollars unless otherwise noted.Q2 2025 Key Takeaways 411,114 carats were sold for total proceeds of $36.8 million (US$26.6 million) at an average price of $90 per carat (US$65). Adjusted EBITDA1 ...

Core Viewpoint - Mountain Province Diamonds Inc. has amended its bridge credit facility agreement with Dunebridge Worldwide Ltd. to increase the facility size by US$10 million, raising it from US$30 million to US$40 million [1][2]. Group 1: Bridge Credit Facility Details - The original bridge credit facility agreement was established on February 24, 2025, and was amended on May 13, 2024, to provide a US$33 million working capital facility [2]. - The Additional Bridge Term Facility will mature on March 18, 2026, and carries an interest rate of 10.5% per annum, which will increase to 12.5% if not repaid upon maturity [3]. - A US$1 million fee will be paid to Dunebridge upon maturity for the Additional Bridge Term Facility, subject to shareholder approval [4]. Group 2: Related Party Transaction and Exemptions - The amendment is classified as a related party transaction under MI 61-101 due to Dunebridge being a "related party" of the Company, and it is being completed under an exemption due to the Company's serious financial difficulties [5]. - The board of directors has determined that the amendment and the Additional Bridge Term Facility are reasonable given the financial challenges faced by the Company [5]. Group 3: TSX Approval and Market Capitalization - The TSX granted conditional approval for the amendment, noting that the value of consideration to insiders for the Additional Bridge Facility (excluding the Facility Fee) will not exceed 10% of the Company's market capitalization, estimated at approximately CAD11.68 million as of July 28, 2025 [6][7]. - The estimated value of consideration to insiders for the Additional Bridge Facility (excluding the Facility Fee) is CAD959,000, representing 8% of the market capitalization [8]. - Including the Facility Fee, the estimated value of consideration to insiders is CAD2,329,000, or 20% of the market capitalization [9]. Group 4: Company Overview - Mountain Province Diamonds Inc. holds a 49% stake in the Gahcho Kué mine in Canada's Northwest Territories and controls over 96,000 hectares of mineral claims and leases surrounding the mine [10].

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Business Strategy - De Beers's CEO aims to protect a generation from a "huge con" in diamond buying [1] - The company seeks to rescue its brand from a concerning decline [1]

Business Strategy - De Beers's CEO aims to protect a generation from a "huge con" in diamond buying [1] - The company seeks to rescue its brand from a concerning decline [1]

Industry Trend - De Beers's CEO aims to protect a generation from a "huge con" in diamond buying [1] - The goal is to rescue the iconic De Beers brand from a concerning decline [1]

De Beers's chief executive wants to save a generation of lovers and newlyweds from what he calls a “huge con” when it comes to buying diamonds—and in the process rescue his iconic brand from an ominous decline. https://t.co/sjsfAYZkg0 ...

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Core Viewpoint - Mountain Province Diamonds Inc. issued a correction regarding its average selling price per carat for Q2 2024, which was inaccurately reported as CA$166 (US$124) instead of the correct CA$102 (US$74) [2]. Company Overview - Mountain Province Diamonds holds a 49% stake in the Gahcho Kué diamond mine in Canada's Northwest Territories, which is a joint venture with De Beers Canada [3]. - The Gahcho Kué property includes several actively mined, developed, and explored kimberlites, with the company controlling over 96,000 hectares of mineral claims and leases surrounding the mine [3]. - The Kelvin kimberlite is estimated to contain 13.62 million carats (Mct) at a grade of 1.60 carats/tonne, valued at US$63/carat, while the Faraday 2 kimberlite contains 5.45 Mct at a grade of 2.63 carats/tonne, valued at US$140/carat [3]. - Faraday 1-3 is estimated to contain 1.90 Mct at a grade of 1.04 carats/tonne, valued at US$75/carat [3].

Company Operations - Zimbabwe's biggest diamond miner is cutting 400 jobs [1] Market Conditions - The diamond market is experiencing a global downturn [1]