Abcourt Mines Secures US$30 Million Senior Debt Financing from Glencore
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Abcourt Mines Inc. has secured a US$30 million senior debt financing from Glencore AG, divided into two tranches. Tranche A is US$18.125 million, available on closing, and Tranche B is up to US$11.875 million, available between December 2026 and January 2027. The financing will replace higher-cost debt, support liquidity, and fund the Flordin project. The loan matures 60 months post-closing with interest at 1-Month SOFR plus 2.5%. The agreement is expected to close by January 10, 2026, pending regulatory approvals.
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