Abcourt Mines Inc. is pleased to announce the exercise of its option to reduce from 2.0% to 1.5% the net smelter return royalty on all metallic and non-metallic minerals mined or otherwise recovered on each of the Sleeping Giant and Dormex properties granted to Maverix Metals Inc. in accordance with the terms of a net smelter return royalty agreement entered into between the Corporation and Maverix on September 22, 2022 [...]
Abcourt Mines is pleased to announce the successful completion of its first gold pour at the Sleeping Giant Mine, marking a significant milestone in the company's operations and commitment to sustainable gold production. The event took place on Sept 11, 2025, at the Sleeping Giant site. This achievement is the culmination of extensive efforts by the Abcourt team, which has worked diligently to bring the mine to this [...]
Abcourt Mines is pleased to announce that it has entered into an amended credit agreement with Nebari Natural Resources Credit Fund II, LP pursuant to which an additional USD$2,000,000 is made available as a loan to the Corporation. Pursuant to the Upsized Loan, the aggregate amount borrowed from the Lender is USD$10,000,000, in two tranches of: USD$8,000,000 on July 3, 2025; and USD$2,000,000 on the date hereof. Other [...]
Abcourt Mines 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 are progressing very well with the project by now having the mill circuit with a full inventory. We are now increasing the gold inventory in the mill circuit. The next phase in the development of the project will be to start delivering [...]
Abcourt Mines welcomes Mr. Chad Williams, as new director of the Corporation, in replacement of Lise Kistabish, who resigned last June 2025. Chad Williams has an extensive background in capital markets and business management. He is the founder and Chairman of Red Cloud Mining Capital Inc, Honey Badger Silver, Mines D'Or Orbec and Sharechest. He was one of the founders of both Agilith Capital Inc. and Westwind Capital [...]
Abcourt Mines is pleased to announce that it has accepted loan offers totaling $5,800,000 in principal from Investissement Québec, as an agent of the Government of Québec, consisting of a bridge loan of up to $1,300,000 to finance tax credits related to resources for the fiscal year ending June 30, 2025 and a second bridge loan of up to $4,500,000 to finance tax credits related to resources for the fiscal year ending June [...]
Abcourt Mines is pleased announce that it has started the mill at the Sleeping Giant Project. Following the recent update made in the August 7th press release, the Corporation is happy to announce that the mill is currently turning at the Sleeping Giant site. The material processed comes 100% from the development operations at the Sleeping Giant project directly under the mill. The Corporation will fill the mill circuit [...]
Abcourt Mines is pleased to provide an update on the ramp-up activities at the Sleeping Giant Projec. 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 underground openings as well as [...]
Abcourt Mines 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 non-dilutive [...]
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 [...]