Abcourt Mines Secures $2M Funding Boost for Sleeping Giant Mine Development
Rouyn-Noranda, Canada – September 10, 2025 – In a move poised to accelerate gold production in Quebec, Abcourt Mines Inc. (TSX Venture: Abi) (OTCQB: Abbf) has announced a crucial $2 million funding increase from Nebari Natural Resources Credit Fund, LP. This brings the total loan facility to $10 million, signaling strong investor confidence in the Sleeping Giant mine project and its potential to become a significant gold producer. This is breaking news for investors tracking the Canadian mining sector and a potential indicator of bullish sentiment towards gold as a safe-haven asset.
The Sleeping Giant mine is poised for accelerated development thanks to the new funding.
Funding Details and Strategic Allocation
The additional $2 million, dubbed “Tranche 2,” complements the initial $8 million tranche secured in July 2025. Abcourt intends to deploy these funds strategically, focusing on two key areas: acquiring a third underground diamond drilling device to expand the identified mineral resources at Sleeping Giant, and accelerating Phase 2 of the “residential camp” construction. This camp will provide crucial accommodation for the expanding workforce needed to ramp up operations. The loan agreement includes the issuance of 14,905,298 warrants to Nebari, exercisable at $0.093 per share, adding a potential future equity stake for the lender.
Sleeping Giant: A Deep Dive into Abcourt’s Flagship Project
The Sleeping Giant mine, located in northwestern Quebec, represents a cornerstone of Abcourt’s development strategy. The project boasts a rich geological profile and has already demonstrated promising gold mineralization. However, like many mining ventures, access to capital is paramount for efficient exploration and development. This funding injection addresses that critical need. Historically, Quebec has been a prolific gold-producing region, benefiting from a stable political climate and well-established mining infrastructure. Abcourt’s strategic location within this region provides a competitive advantage.
Nebari’s Perspective: A Vote of Confidence in Abcourt
Steven Bowles, Managing Director of Nebari, emphasized the firm’s confidence in Abcourt’s operational plan and the favorable gold price environment. Nebari’s willingness to increase its investment underscores a belief in the project’s potential for high returns. Specialty credit funds like Nebari often play a vital role in financing junior mining companies, bridging the gap between exploration and full-scale production. Their due diligence process is rigorous, making their investment a significant validation of Abcourt’s prospects.
Warrants and Future Equity Considerations
The warrants issued to Nebari represent a potential dilution for existing shareholders, but also offer a pathway for Nebari to further support Abcourt’s growth. The exercise price of $0.093 per share is attractive, and the warrants are subject to a four-month hold period and regulatory approval from the TSX Venture Exchange. Understanding the implications of warrants is crucial for investors; they represent a call option on the company’s future success. Investors should carefully review the warrant agreement and consider its potential impact on their holdings.
What This Means for the Gold Market and Investors
This funding news comes at a time of increasing global economic uncertainty, often driving investors towards safe-haven assets like gold. Abcourt’s accelerated development of the Sleeping Giant mine could contribute to increased gold supply, but the overall market dynamics suggest continued strong demand. For investors interested in the junior mining sector, Abcourt Mines presents a compelling opportunity, but as with all investments, thorough research and risk assessment are essential. Staying informed about developments like this funding round is key to making sound investment decisions. The company’s website, www.abcourt.ca, and SEDAR+ (www.sedarplus.ca) are excellent resources for further information.
The successful development of the Sleeping Giant mine isn’t just a win for Abcourt Mines; it’s a positive signal for the Quebec mining industry and a testament to the enduring appeal of gold as a valuable resource. As Abcourt moves forward with its expansion plans, investors and industry observers will be closely watching its progress.
Contact:
Pascal Hamelin
President und CEO
T: (819) 768-2857
E-mail: [email protected]
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.
T: (514) 722-2276, DW456
E-mail: [email protected]