Abcourt Mines Inc.

Abcourt Mines Inc. announces that it has completed a first closing of the non-brokered private placement announced on March 12, 2024, for gross proceeds of $1,436,234, representing 28,724,688 units of the Corporation , at a price of $0.05 per Unit . Each Unit consists of one common share of the Corporation and one common share purchase warrant . Each Warrant entitles the holder thereof to purchase one Common Share at a [...]

Abcourt Mines Inc. is pleased to announce a non-brokered private placement of up to 100,000,000 units of the Corporation at a price of $0.05 per Unit for aggregate gross proceeds of up to $5,000,000 as a result of which François Mestrallet, a director of the Corporation, will become a Control Person of the Corporation . Details of the Private Placement Each Unit will consist of one common share of the Corporation and one [...]

Abcourt Mines Inc. announces its results for the three months ended December 31, 2023. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. The financial statements and management report are available on SEDAR+. Highlights for the Quarter ended December 31, 2023 Investments of $1,571,293 in exploration and evaluation during the quarter ending December 31, 2023. Cash of [...]

Abcourt Mines Inc. is pleased to announce it restarted to process gold on February 13th at its 100% owned Sleeping Giant mill. The mill operated at 20 tonnes per hour during this first week. Yesterday, the mill began to operate at its nominal rate of 32 tonnes per hour with the addition of the second ball mill. Abcourt plans to process between 600 and 800 tonnes per week initially, and gradually increase the weekly [...]

Abcourt Mines Inc. is pleased to announce its first drilling results at the Sleeping Giant Mine. In fact, Abcourt carried out 264 meters of drilling in December 2023, and the first assay results are starting to be known. The objective of this start of the campaign is to clearly define the first mineralized zones which will be sent to the mill. See the press release dated December 18, 2023 for more details about the [...]

ROUYN-NORANDA, Québec, Jan. 30, 2024 -- Abcourt Mines Inc. is pleased to announce the assay results of its most recent drilling campaign completed in November 2023 on its Flordin Property in the Lebel-sur-Quévillon area. Highlights: A new gold zone is identified on the Flordin Property; The mineralization is characterized by two parallel structures 4 m thick and 8 m apart; The type of mineralization is different from that [...]

ROUYN-NORANDA, Québec, Dec. 18, 2023 -- Abcourt Mines Inc. is pleased to announce that diamond drilling has begun on level 295 of the Sleeping Giant mine. The main objective of the current drilling is to maximize the definition of the DAC 5 stope, located between levels 235 and 295, approximately one hundred meters from shaft 2. This initiative aims to strengthen mine development planning and to prepare the ground for the [...]

Abcourt Mines Inc. announces that it has completed a fourth and final tranche of the non-brokered private placement announced on August 31, 2023 , for additional gross proceeds of $250,000, representing 6,250,000 units of the Corporation at a price of $0.04 per Unit. In the aggregate, the Corporation raised $2,580,150 in gross proceeds under the Offering. Each Unit consists of one common share of the Corporation and one [...]

Abcourt Mines Inc. announces its results for the three months ended September 30, 2023. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Highlights for the Quarter ended September 30, 2023 Revenue of $255,000 for the quarter ended September 30, 2023, from the sale of waste rock at the Elder mine site. A net loss of $2,449,243, compared to a net income of $1,110,358 [...]

Abcourt Mines Inc. is pleased to announce that in collaboration with Purves Redmond Limited and a Canadian Insurance Company, the establishment of a Surety Facility with respect to its Sleeping Giant and Elder environmental bonds totaling C$5,867,786. The Facility requires the Company to provide a Letter of Credit secured by cash collateral of C$2,933,893 and pay an annual fee. The Facility allows Abcourt to withdraw [...]