Abcourt Mines Inc. is pleased to provide an update on the ramp-up activities at the Sleeping Giant Project in Eeyou Istchee, Québec. Pascal Hamelin, President and CEO of Abcourt, commented: "We had a very good start of the project as soon as we completed the financing with Nebari in early July. We immediately started the installation of the sleep camp on site. The underground teams began the rehabilitation of the [...]
Abcourt Mines Inc. is pleased to announce that it has closed today its previously announced secured financing facility with Nebari Natural Resources Credit Fund II, LP in an amount of US$8 million for a 36-months period. Pascal Hamelin, President and CEO of Abcourt, commented: "Closing this transaction with Nebari is a major step toward starting production at the Sleeping giant Mine. This investment of USD 8M of [...]
Abcourt Mines Inc. is pleased to announce that it has closed its previously announced non-brokered private placement of secured convertible debenture for gross proceeds of $3,000,000 . Debenture Offering The Debenture will bear interest at the Term SOFR plus 10%, per annum, and will mature four years following the date of issuance. The principal amount of the Debenture is convertible into common shares of the Corporation [...]
Abcourt Mines Inc. is pleased to announce that it intends to complete a non-brokered private placement of a secured convertible debenture of the Corporation for gross proceeds of $3,000,000 . Debenture Offering The Debenture will bear interest at the SOFR plus 10%, per annum, and will mature four years following the date of issuance . The principal amount of the Debenture will be convertible into common shares of the [...]
Abcourt Mines is pleased to announce its most recent channel sampling results from the former Cambior stripping that was done in the late 1980s and located immediately west of the 2024 Cartwright stripping. This new phase of sampling made it possible to add 4 new channels of approximately 20 metres in length on average and a smaller one of approximately 5 metres in length. A total of 87 m of new channel were made on the [...]
Abcourt Mines Inc. announces its results for the third quarter ended March 31, 2025. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+. Summary of financial results Three months ended March 31 Nine months ended March 31 2025 2024 2025 2024 Revenues - - - 255,000 Administration expenses [...]
Abcourt Mines is pleased to announce the latest assay results from its 2025 drilling campaign on its Flordin property. Hole FL-25-284 intersected 3.7 g/t gold over 11 metres including 11.0 g/t gold over 2.4 m. The high-grade gold mineralized zone was intercepted less than 3 m from surface directly below the Cartwright stripping. Note that the easternmost hole of the stripping confirms that the Adam and Horse mineralized [...]
Abcourt Mines is pleased to report new drilling results and an update on its activities at the Sleeping Giant mine. In 2025, Abcourt completed 36 underground drill holes totaling 5,632 meters. Of these holes, seven target the 785N zone and the underlying areas for a total of 3,316 m. This 785N zone is in a new sector to the east and at depth of the developed sectors of the mine. After releasing the results of two of these [...]
Abcourt Mines is pleased to announce that it has closed an additional tranche of its previously announced non-brokered private placement, for additional gross proceeds of $4,613,004 from the sale of the following: 85,620,000 units of the Corporation at a price of $0.05 per Unit; and 5,533,400 common shares of the Corporation that qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act [...]
Mines Abcourt Inc. is pleased to announce that a new mineralized zone has been intercepted in hole FL-25-283 on the Flordin Property. This new gold zone, which returned 0.9 g/t gold over 19 metres, including 3.1 g/t gold over 3.1 m is located approximately 150 m deep. The mineralization is included in a zone of alteration rich in albite, sericite, carbonate and hematite, thus giving the rock the characteristic [...]
Abcourt Mines is pleased to announce that it has secured debt financing of US$8 million to finance the restart of its Sleeping Giant mine and mill. A non-binding term sheet entered into between Abcourt and Nebari Natural Resources Credit Fund II, LP on April 9, 2025, provides for a US$8 million secured financing facility bearing interest at the SOFR plus 12%, with a term of 36 months. The Financing Facility is contingent [...]
Abcourt Mines is pleased to announce that it has closed a first tranche of its previously announced non-brokered private, for gross proceeds of $1,668,040 from the sale of the following: 2,300,000 units of the Corporation at a price of $0.05 per Unit for gross proceeds $115,000 from the sale of Units; and 25,884,000 common shares of the Corporation that qualify as "flow-through shares" within the meaning of subsection 66 [...]
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