TSX Venture Exchange: ABI. V Abcourt Exercises Option to Buy-Back 0.5% NSR Royalty and Increases Loan Financing with Nebari
F
or immediate release
TSX Venture Exchange: ABI. V
ABCOURT EXERCISES OPTION TO BUY-BACK 0.5% NSR ROYALTY AND
INCREASES LOAN FINANCING WITH NEBARI
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Rouyn-Noranda, Canada, September 19, 2025 – Abcourt Mines Inc. (“Abcourt” or the “Corporation”)
(TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce the exercise of its option to reduc e 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 (the “Royalty”) granted to Maverix Metals Inc. (“Maverix”) in
accordance with the terms of a net smelter return royalty agreement entered into between the Corporation and
Maverix on September 22, 2022 (the “Royalty Agreement”).
The Royalty rate was reduced by 0.5% in consideration for a payment US$2,000,000 in cash (the “First Option”).
In accordance with the terms of the Royalty Agreement, Abcourt may, at any time prior to September 22, 2028 ,
elect to further reduce the Royalty rate by another 0.5% upon payment of an amount of US$4,000,000 to the holder
of the Royalty, thereby reducing the rate of the Royalty to 1.0%.
Abcourt also announces that it has entered into a second agreement to amend its credit agreement (the “ Loan
Agreement”) with Nebari Natural Resources Credit Fund II, LP (the “ Lender” or “Nebari ”) pursuant to which an
additional USD$2,000,000 is made available as a loan to the Corporation (the “Upsized Loan”). The proceeds of
the Upsized Loan are being used for the exercise of the First Option. No other material changes have been made
to the loan agreement between the Corporation and Nebari.
Pursuant to the Upsized Loan, the aggregate amount borrowed from the Lender is US$12,000,000 (the “Principal
Amount”), in three tranches of: (i) US$8,000,000 on July 3, 2025 (“Tranche 1”); (ii) US$2,000,000 on September
10, 2025 (“Tranche 2 ”); and (i ii) US$ 2,000,000 on the date hereof (“Tranche 3 ”). Please see Abcourt’s news
releases dated July 3, 2025 and September 10, 2025 for further details regarding the Loan Agreement.
In connection with the closing of the Upsized Loan, the Corporation will issue 14,395,259 non-transferable warrants
(the “Warrants”) to the Lender, each exercisable for one common share of the Corporation (a “Warrant Share”) at
an exercise price of $0.096 per Warrant Share until July 3, 2028, subject to a pro- rata reduction if the Principal
Amount is prepaid in whole or in part before July 3, 2026. In such case, a pro rata number of Warrants will have
their term reduced to the later of July 3, 2026 and 30 days from the date of such Principal Amount reduction or
repayment, in accordance with the policies of the TSX Venture Exchange (“TSXV”).
Pascal Hamelin, President and CEO of Abcourt, commented: “We believe that reducing the NSR at Sleeping Giant
Mine will be perfect for the long- term plan of Abcourt. Over the next few years, it’s important for us to unlock the
full potential of Sleeping Giant Mine”.
Steven Bowles, Managing Director of the Lender, commented: “Nebari is pleased to provide further support to
Abcourt in its ramp- up of its Sleeping Giant Mine and to assist its shareholders in unlocking more value from this
project during this strong gold price environment”.
The Upsized Loan and the issuance of the Warrants are subject to the approval of the TSXV. The Warrants ( and
the Warrant Shares issuable upon the exercise thereof) are subject to a statutory hold period of four months and
one day under applicable securities laws. These securities have not been, nor will they be, registered under the
U.S. Securities Act, or any state securities law, and may not be offered, sold or delivered, directly or indirectly,
within the United States, or to or for the account or benefit of U.S . persons, absent registration or an exemption
from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation
or sale would be unlawful. The Lender is at arms-length to the Corporation.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian development company with properties strategically located in northwestern
Québec, Canada. Abcourt owns the Sleeping Giant mine and mill, as well as the Flordin property, where it focuses
its development activities.
For more information about Abcourt Mines Inc., please visit our website at www.abcourt.ca and view our filings
under Abcourt's profile on www.sedarplus.ca
Pascal Hamelin Dany Cenac Robert, Investor Relations
President and CEO Reseau ProMarket Inc.
T : (819) 768-2857 T : (514) 722-2276, # 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, including
the expectation of the Corporation with respect to the expected use of the proceeds from the Upsized Loan and
the approval of the TSXV , 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 different 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. Although Abcourt believes that the assumptions and factors used in preparing the forward-
looking statements are reasonable, 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. 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.