Abcourt Mines Secures TSXV Approval for Share Buyback Program

ROUYN-NORANDA, Quebec, April 02, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Company") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that the TSX Venture Exchange (“TSXV”) has approved the Company’s request to implement a normal course issuer bid (“NCIB”) program, through which Abcourt may purchase, for cancellation, up to 80,000,000 of its common shares, representing just under 10% of the public float (811,853,718 common shares on a total of 1,193,348,720 issued and outstanding common shares as of March 30, 2026).

Abcourt Mines has received approval from the TSX Venture Exchange (TSXV) to implement a Normal Course Issuer Bid (NCIB). This move offers a strategic opportunity for the company to repurchase its own shares, boosting shareholder value and effectively managing capital. The NCIB is a program where Abcourt can buy back a portion of its shares from the market over a specified period, which can lead to an increase in the stock price by reducing the number of shares outstanding.

The company is actively seeking to enhance its capital structure, which reflects its commitment to delivering value to its shareholders. By executing a buyback program, Abcourt can signal confidence in its financial health and future prospects. The initiative could also be seen as a means to generate investor interest by demonstrating the company's belief that its shares are undervalued at current price levels.

Through the NCIB, Abcourt plans to repurchase shares gradually, ensuring that the plan aligns with market conditions and the company's financial position. This measured approach allows the company to maintain liquidity while managing its overall equity effectively. The approval is part of Abcourt's broader strategy to optimize its shareholder returns, especially in a fluctuating market environment.

The announcement follows recent advancements in the company’s operational activities, which emphasize its focus on growth and stability in the mining sector. Abcourt Mines is committed to maintaining robust operational standards while fostering a strong relationship with its investment community. The NCIB reflects a proactive stance towards navigating market dynamics and focuses on long-term sustainability.

In conclusion, the TSXV approval for Abcourt Mines to engage in an NCIB demonstrates a well-planned approach to capital management, aimed at increasing shareholder equity and reinforcing investor confidence. By implementing this buyback program, Abcourt not only responds to its shareholders' interests but also strategically positions itself for future opportunities in the mining industry.