Abcourt Announces its Results for the First Quarter Ended
For immediate release
TSX Venture: ABI.V
Abcourt Announces its Results for the First Quarter Ended September 30, 2025
and the Engagement of Red Cloud Securities to Provide Market-Making Services
Rouyn-Noranda, Canada, November 27, 2025 - Abcourt Mines Inc. (“Abcourt” or the “Corporation”)
(TSX Venture: ABI) (OTCQB : ABMBF) announces its results for the first quarter ended September 30,
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
(In dollars) Three months ended September 30
2025 2024
Revenues – –
Costs of sales 5,009,786 –
Loss from mining operations (5,009,786) –
Administration expenses 1,416,858 775,757
Care and maintenance 29,288 887,433
Exploration expenses 250,068 501,160
Finance expenses 967,143 136,415
Net loss and comprehensive loss (7,519,605) (1,839,901)
Net loss per share, basic and diluted (0.01) (0.00)
(In dollars) SEPTEMBER 30, 2025 JUNE 30, 2025
Cash 594,357 2,578,587
Total assets 31,811,592 21,408,153
Non-current liabilities 28,029,185 14,175,891
Shareholders’ equity (5,488,044) (599,534)
Working capital (non-IFRS
measurement) * 1,288,412 2,952,725
* Working capital is a non- IFRS measurement with no standardized meaning under IFRS. For further information, please see section "Non- IFRS
Measure".
• During the quarter, Abcourt began development of mining operations at Sleeping Giant. Several
expenses related to the development of drifts and rehabilitated already developed drifts to access the
production stopes planned, maintenance of installations and equipment and hiring employees.
• Abcourt began to fill the mill’s circuit with gold.
• On surface, Abcourt built phase 1 of the sleep camp and kitchen during the quarter. They were
commissioned on September 2nd. Abcourt also executed civil construction work at the tailing facility
in preparation for the Winter and the preparation for the next lift planned in cell 2A for the Summer
2026.
Non-IFRS Measure
This press release presents working capital as a performance measure which is non-International Financial
Reporting Standards (IFRS) performance measure. The Corporation believes that this measure provides
investors with an improved ability to evaluate the performance of the Corporation . Non-IFRS measures
do not have any standardized meaning prescribed under IFRS. Therefore, such measures may not be
comparable to similar measures employed by other companies. This data may not be comparable to data
presented by other companies. Non -GAAP financial performance measures should be considered
together with other data prepared in accordance with IFRS.
The Corporation determines working capital as follows: current assets less current liabilities.
Engagement of Red Cloud Securities Inc to provide market-making services
The Corporation has, subject to the approval of the TSX Venture Exchange (“TSXV”), engaged the services
of Red Cloud Securities Inc. ("RCSI") to provide market-making services in accordance with TSXV policies.
RCSI will trade shares of the Corporation on t he TSXV with the objective of maintaining a reasonable
market and improving the liquidity of the Corporation's common shares. Under the agreement, there are
no performance factors contained in the agreement and RCSI will not receive shares or options as
compensation.
Mr. Chad Williams, a director of the Corporation, is a significant shareholder of the parent company of
RCSI and, as a result, the Corporation is non -arm’s length to RCSI. Mr. Williams does not have control or
influence over the day -to-day operations of RC SI and, in particular, he has removed himself from this
matter and the delivery of these services. The terms of RCSI’s engagement (including fees payable under
the agreement) were determined following customary negotiations between the Corporation and RCSI
and are reasonable and consistent with market practice. As of the date hereof, RCSI beneficially owns or
controls 14,000 common shares of the Corporation and 9,891,805 securities convertible into common
shares. RCSI’s office is located at 120 Adelaide Street West, Suite 1400, Toronto, Ontario M5H 1T1.
Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in
northwestern Quebec, Canada. Abcourt owns the 100% owned Sleeping Giant m ine and m ill and the
Flordin property, where it focuses its development activities.
For more information about Abcourt Mines Inc., please visit our website and view our filings under
Abcourt's profile on www.sedarplus.ca
Pascal Hamelin Dany Cenac Robert, Investor Relations
President and Chief Executive Officer Reseau ProMarket Inc.,
T : (819) 768-2857 T : (514) 722-2276, poste 456
Email : [email protected] Email : [email protected]
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute "forward-looking information" within the
meaning of Canadian securities legislation. Generally, forward- looking information can be identified by
using forward-looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates",
"estimates", "could", "should", "likely", or variations of such words and phrases or statements specifying
that certain acts, events or results "may", "should", "will" or "be achieved" or other similar expressions.
Forward-looking statements are based on Abcourt's estimates and are subject to known and unknown
risks, uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance
or achievements to be materially di fferent from those expressed or implied by such forward- looking
statements or information. Forward- looking statements are subject to business, economic and
uncertainties and other factors that could cause actual results to differ materially from these forward-
looking statements, including the relevant assumptions and risk factors set forth in Abcourt's public filings,
which are available on SEDAR at www.sedarplus.ca. There can be no assurance that these statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on forward- looking statements
and forward- looking information. Although Abcourt believes that the assumptions and factors used in
preparing the forward-looking statements are reasonable, undue reliance should not be placed on such
statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation
to update or revise any such forward- looking statements or information, whether as a result of new
information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.