Abcourt Mines Inc. 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 [...]
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 [...]
Abcourt Mines is pleased to announce a non-brokered private placement of a combination of a maximum of 60,000,000 units of the Corporation at a price of $0.05 per Unit and a maximum of 50,000,000 common shares of the Corporation that qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act and section 359.1 of the Taxation Act at a price of $0.06 per FT Share, for aggregate gross proceeds [...]
Abcourt Mines is pleased to announce assay results from all holes drilled in the East Extension of the South Zone on its Flordin property. This gold-bearing zone was discovered in the mid-1980s by Cambior. A total of four holes for a total of 2,340 metres were drilled directly in the eastern extension of the South Zone. Hole FL-25-282 intersected a large, mineralized envelope of 47.2 metres at 1.1 g/t gold. With this [...]
Abcourt Mines is pleased to announce that it has entered into a strategic partnership with Groupe Minier Technica, a leading, Canadian-owned mine contractor, pursuant to which Technica acquired 60,000,000 units of the Company at a price of $0.05 per Unit for a total investment of $3,000,000. This partnership will play a key role in accelerating Abcourt's Sleeping Giant Project located in the Abitibi Greenstone Belt in [...]
Abcourt Mines reports main drilling results completed in October and November 2024. As part of the mineral resource update and to support the engineering work in the preparation of an economic prefeasibility study, Abcourt completed 62 holes in 2024, between levels 235 and 295, for a total of 5,977 m of drilling. Of these holes, 20 were drilled from level 295 and target zones 04 and 05 for a total of 1,757 m of drilling [...]
Abcourt Mines announces its results for the second quarter ended December 31, 2024. 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 December 31 Six months ended Dec 31 2024 2023 2024 2023 Revenues - 255,000 Administration expenses [...]
Abcourt Mines is pleased to announce the assay results of its first hole drilled in the eastern extension of the South Zone on its Flordin Property. This gold-bearing zone was discovered in the mid-1980s by Cambior. Hole FL-25-280 intersected the South Zone at 483 metres depth as well as a new gold mineralized zone grading 1.3 g/t gold over 28.5 metres, including 5.1 g/t gold over 3 metres directly after the South Zone at [...]
Abcourt Mines Inc. announces the results of the first holes of its drilling program to develop the deep mining potential of the Sleeping Giant mine. In January 2025, Abcourt completed 2 underground drill holes totaling 928 metres from level 785. The highlights of the analysis results, included in this press release, are as follows: Holes 78-885 and 78-886 intersected the 785N Zone at targeted depths . Holes 78-885 and [...]
Abcourt Mines Inc. is pleased to announce the last assay results from its most recent drilling campaign underway on its Flordin property in the Lebel-sur-Quévillon area. Highlights: Drill hole FL-25-278 returns 1.2 g/t gold over 23.5 metres, including 4.5 g/t gold over 3.5 metres. The high-grade gold mineralization characteristic of the Horse mineralized zone is continuous over 200 metres lateral strike. The mineralized [...]
Abcourt Mines Inc. is pleased to announce the first assay results from its most recent drilling campaign currently underway on its Flordin property in the Lebel-sur-Quévillon area. Highlights: The Adam mineralized zone connects with the Horse mineralized zone in the first two drill holes of the 2025 campaign. Drill hole FL-25-274 returns: 3.5 g/t gold over 27.5 metres, including 12.1 g/t gold over 7.5 metres. The [...]
Abcourt Mines Inc. informs that its Board of Directors has granted stock options to its new Chief Financial Officer, appointed on December 12, 2024, on the same terms as those previously granted to the directors and officers of the Corporation. These stock options, expiring in 5 years, allow the Chief Financial Officer to subscribe 1,500,000 common shares of Abcourt at an exercise price of $0.05 per share. ABOUT ABCOURT [...]
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