Abcourt Closes US$ 30M Senior Debt Financing and Offtake Agreement with Glencore [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
US:NASDAQ Investor Relations:
glencore.com/investors
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Source: Yahoo! Finance
pleased to announce that it has closed today (the “ Closing Date ”) its previously announced transaction with Glencore AG (“ Glencore ”) comprising a senior secured debenture in the principal amount of up to US$ 30 million (the “ Debenture ”) and various accompanying agreements, including an offtake agreement on all products from the Corporation's Sleeping Giant mine (collectively, the “ Transaction ”). The Transaction was previously announced on December 22, 2025. A first tranche of US$18.125 million was made available to Abcourt by Glencore. A second tranche of up to US$11.875 million is available to be drawn at the Corporation's option in December 2026 or January 2027. Concurrently with the Debenture, Abcourt and Glencore entered into an offtake agreement whereby Glencore will purchase 100% of the gold (Au) and silver (Ag) dore production from the Sleeping Giant mine for a minimum term of 6 years (the “ Offtake ”). Abcourt and Glencore also entered into agreements granting Gl
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