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Abcourt Mines expands Glencore senior secured debenture to USD 40 million

PUBT·09/02/2026 17:11:20
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Abcourt Mines expands Glencore senior secured debenture to USD 40 million
  • Abcourt closed an amended senior secured debenture with Glencore, lifting total principal to USD 40 million from USD 30 million.
  • Second tranche increased to USD 21.88 million; USD 19.88 million funded at closing, remaining USD 2 million scheduled for October 2026.
  • Proceeds used in part to repay a USD 12 million secured credit facility from Nebari; balance earmarked for Quebec projects, working capital.
  • Debenture matures Jan. 31, 2031; interest set at 1-month SOFR plus 2.5% until repaid.
  • Glencore received 46,943,333 non-transferable warrants, exercisable at CAD 0.12 per share through April 30, 2030.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abcourt Mines Inc. published the original content used to generate this news brief on September 02, 2026, and is solely responsible for the information contained therein.