Abcourt Exercises Option to Buy-Back 0.5% NSR Royalty and Increases Loan Financing with Nebari

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ROUYN-NORANDA, Quebec, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce the exercise of its option to reduce from 2.0% to 1.5% the net smelter return royalty on all metallic and non-metallic minerals mined or otherwise recovered on each of the Sleeping Giant and Dormex properties (the “Royalty”) granted to Maverix Metals Inc. (“Maverix”) in accordance with the terms of a net smelter return royalty agreement entered into between the Corporation and Maverix on September 22, 2022 (the “Royalty Agreement”).

The Royalty rate was reduced by 0.5% in consideration for a payment US$2,000,000 in cash (the “First Option”). In accordance with the terms of the Royalty Agreement, Abcourt may, at any time prior to September 22, 2028, elect to further reduce the Royalty rate by another 0.5% upon payment of an amount of US$4,000,000 to the holder of the Royalty, thereby reducing the rate of the Royalty to 1.0%.

Abcourt also announces that it has entered into a second agreement to amend its credit agreement (the “Loan Agreement”) with Nebari Natural Resources Credit Fund II, LP (the “Lender” or “Nebari”) pursuant to which an additional USD$2,000,000 is made available as a loan to the Corporation (the “Upsized Loan”). The proceeds of the Upsized Loan are being used for the exercise of the First Option. No other material changes have been made to the loan agreement between the Corporation and Nebari.

Pursuant to the Upsized Loan, the aggregate amount borrowed from the Lender is US$12,000,000 (the “Principal Amount”), in three tranches of: (i) US$8,000,000 on July 3, 2025 (“Tranche 1”); (ii) US$2,000,000 on September 10, 2025 (“Tranche 2”); and (iii) US$2,000,000 on the date hereof (“Tranche 3”). Please see Abcourt’s news releases dated July 3, 2025, and September 10, 2025, for further details regarding the Loan Agreement.

In connection with the closing of the Upsized Loan, the Corporation will issue 14,395,259 non-transferable warrants (the “Warrants”) to the Lender, each exercisable for one common share of the Corporation (a “Warrant Share”) at an exercise price of $0.096 per Warrant Share until July 3, 2028, subject to a pro-rata reduction if the Principal Amount is prepaid in whole or in part before July 3, 2026. In such case, a pro rata number of Warrants will have their term reduced to the later of July 3, 2026, and 30 days from the date of such Principal Amount reduction or repayment, in accordance with the policies of the TSX Venture Exchange (“TSXV”).