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Abcourt Mines Inc. announces a proposed US$10M increase to debenture financing with Glencore. This will increase the total amount from US$30M to US$40M.

PRIVATEAug 06, 2026•3 days ago

Amount Raised

$10 Million

Round Type

Venture - Series Unknown

MiningMineral

Investors

Glencore Ag

Description

Abcourt Mines Inc. has entered into a non-binding term sheet with Glencore AG to increase its senior secured debenture. The second tranche is raised from US$11,875,000 to US$21,875,000, with funds intended for debt repayment, exploration, and working capital. This increased support from Glencore reflects the value of Abcourt's assets and enhances its financial structure

Company Information

Company

Abcourt Mines

About

Abcourt Mines Inc. is a gold producer and a Canadian exploration corporation with strategically located properties in northwestern Québec, Canada. Abcourt owns the Sleeping Giant mill and mine where it concentrates its activities.

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