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Abcourt accepts Investissement Québec loan for Sleeping Giant mine

25th August 2025

By: Creamer Media Reporter

     

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TSX-V-listed Abcourt Mines says it had accepted loan offers totaling C$5.8-million in principal from Investissement Québec, as an agent of the government of Québec.

The loan offers comprise a bridge loan of up to C$1.3-million to finance resource-related tax credits related to the 2025 financial year and a second bridge loan of up to C$4.5-million for the 2026 financial year.

"We are very pleased to have Investissement Québec as a financial partner in the development of the Sleeping Giant project. This partnership provides significant support to Abcourt during this important phase of the project's development towards commercial production," commented president and CEO Pascal Hamelin.

The loans will bear interest at a yearly rate equal to the prime rate plus 2.55%.

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Edited by Creamer Media Reporter

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