<p>Comet Industries Ltd. has entered into a secured, non-revolving term loan agreement with a syndicate of four private lenders, securing a CAD$2,000,000 loan to support development activities for its Iron Mask project in Kamloops, British Columbia. The one-year loan, bearing interest at 10% per annum and maturing on January 9, 2027, includes a $20,000 commitment fee added to the principal. Proceeds are dedicated to environmental remediation work, obtaining a Certificate of Compliance from the Ministry of Environment and Parks, and the payment of trade creditors and contractors related to subdivision and construction activities. The loan is secured by a first-ranking mortgage over the Kamloops subdivision project lands, and no bonus securities, finder’s fees, or additional compensation will be provided to the lenders. 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. Comet Industries Ltd. published the original content used to generate this news brief via TheNewswire (Ref. ID: 1AqRFKa40) on January 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

Comet Industries Secures $2 Million Term Loan to Fund Iron Mask Project Development