Abcourt Mines Inc. announces that it has completed a fourth and final tranche of the non-brokered private placement announced on August 31, 2023 , for additional gross proceeds of $250,000, representing 6,250,000 units of the Corporation at a price of $0.04 per Unit. In the aggregate, the Corporation raised $2,580,150 in gross proceeds under the Offering. Each Unit consists of one common share of the Corporation and one [...]
Abcourt Mines Inc. announces its results for the three months ended September 30, 2023. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Highlights for the Quarter ended September 30, 2023 Revenue of $255,000 for the quarter ended September 30, 2023, from the sale of waste rock at the Elder mine site. A net loss of $2,449,243, compared to a net income of $1,110,358 [...]
Abcourt Mines Inc. is pleased to announce that in collaboration with Purves Redmond Limited and a Canadian Insurance Company, the establishment of a Surety Facility with respect to its Sleeping Giant and Elder environmental bonds totaling C$5,867,786. The Facility requires the Company to provide a Letter of Credit secured by cash collateral of C$2,933,893 and pay an annual fee. The Facility allows Abcourt to withdraw [...]
Abcourt Mines Inc. announces that following the management cease trading order issued by the Corporation's principal regulator, the Autorité des marchés financiers , on November 1, 2023 and the subsequent news release update issued by the Corporation, Abcourt has completed on November 24, 2023 the filing of its audited consolidated financial statements, its management's discussion and analysis as well as the CEO and CFO [...]
Abcourt Mines Inc. is pleased to announce the start-up of the Sleeping Giant Mill. The first tonnes from the Pershing-Manitou deposit began to be processed on Tuesday, November 21. On September 14, Abcourt began the restart work at the Sleeping Giant Mill to process material from the Pershing-Manitou project. Abcourt begins the processing with the bulk sampling of 5,000 tonnes of material from the Pershing-Manitou [...]
Abcourt Mines Inc. announces that it has completed a third tranche of the non-brokered private placement announced on August 31, 2023, for additional gross proceeds of $209,000, representing 5,225,000 units of the Corporation at a price of $0.04 per Unit . In the aggregate, total gross proceeds of the Offering are of $2,330,150. Each Unit consists of one common share of the Corporation and one common share purchase [...]
Abcourt Mines Inc. is providing an update with respect to the previously announced management cease trade order issued by the Corporation's principal regulator, the Autorité des marchés financiers , on November 1, 2023. The MCTO was issued in connection with the delay by the Corporation to file its audited consolidated financial statements, its management's discussion and analysis as well as the CEO and CFO certificates [...]
Mines Abcourt Inc. is pleased to announce that a new drilling program is starting on its Flordin property in the Lebel-sur-Quévillon area. The drill is already in action to carry out a minimum campaign of 1,300 metres. The objective of this campaign is to validate the lateral and depth continuity of a gold-bearing shear zone in the eastern sector of the property that has historically returned 6.49 g/t gold over 2.1 m and [...]
Abcourt Mines Inc. is pleased to provide an update on its operational activities at its Sleeping Giant mine. On September 14, Abcourt announced the beginning of the work at the Sleeping Giant Mill to process the material from the Pershing-Manitou project. The work planned for this Fall at the mine tailings facilities is now completed and ready to receive pulp from the Sleeping Giant Mill. Work inside the Mill is 90 [...]
Abcourt Mines Inc. announces that it has applied to the Autorité des marchés financiers , as principal regulator of the Corporation, and expects to be granted a management cease trade order on October 31, 2023 pursuant to Policy Statement 12-203 Respecting Management Cease Trade Orders . Under the MCTO, the Corporation's Chief Executive Officer , Chief Financial Officer and directors will not be permitted to trade in [...]
Abcourt Mines Inc. announces that it has completed a second tranche of the non-brokered private placement announced on August 31, 2023, for additional gross proceeds of $538,400, representing 13,460,000 units of the Corporation at a price of $0.04 per Unit . Each Unit consists of one common share of the Corporation and one common share purchase warrant . Each Warrant entitles the holder thereof to purchase one Common [...]
Abcourt Mines Inc. is pleased to announce that the transport of its 5,000 tonnes bulk sample from the Pershing Manitou deposit is now complete and Abcourt is now preparing the Sleeping Giant mill to process the bulk sample. See Figure 1 below. Figure 1: 5,000 tonnes of Pershing-Manitou stored at the Sleeping Giant mine Over the past few months, the company has carried out a thorough clean-up of the mill which has enabled [...]
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