Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) is pleased to announce that it has accepted loan offers totaling $5,800,000 in principal from Investissement Québec, as an agent of the Government of Québec, consisting of a bridge loan of up to $1,300,000 to finance tax credits related to resources for the fiscal year ending June 30, 2025  and a second bridge loan of up to $4,500,000 to finance tax credits related to resources for the fiscal year ending June 30, 2026.

Pascal Hamelin, President and CEO of Abcourt, commented: “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.”

The Loans will bear interest at an annual rate equal to the prime rate plus 2.55%, up to December 31, 2026, for Loan No. 1, and up to December 31, 2027, for Loan No. 2. The Loans will be secured by a first-ranking security on refundable tax credits and an irrevocable support letter of credit representing 10% of the Loans. The Loans will be disbursed upon the execution of the definitive agreements related to the Loans and the Security.

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.