Abcourt Secures $30M Financing from Glencore

ROUYN-NORANDA, Canada, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it has closed today (the “Closing Date”) its previously announced transaction with Glencore AG (“Glencore”) comprising a senior secured debenture in the principal amount of up to US$ 30 million (the “Debenture”) and various accompanying agreements, including an offtake agreement on all products from the Corporation’s Sleeping Giant mine (collectively, the “Transaction”). The Transaction was previously announced on December 22, 2025.

Abcourt Mines Inc., a Canadian mining company, has successfully closed a significant financing agreement valued at US $30 million. This financing package includes a senior debt component and an offtake agreement with Glencore, one of the largest global commodity trading and mining companies.

The agreement is aimed at bolstering Abcourt's operations and is expected to provide necessary capital for the expansion and development of its mining projects. Senior debt financing is often utilized by companies in the mining sector to fund high-cost operations, and this agreement signifies Glencore's confidence in Abcourt's potential.

The offtake agreement allows Glencore to purchase the minerals produced by Abcourt, ensuring a market for their output and providing the company with a reliable revenue stream. This strategic partnership is likely to enhance Abcourt's financial stability and position in the competitive mining industry.

Abcourt has expressed gratitude for this support, highlighting the strategic nature of the relationship with Glencore, which is expected to facilitate the growth and sustainability of their mining operations. The financing will enable Abcourt to accelerate its projects and potentially create jobs, contributing to the local economy.

With this financial backing, Abcourt aims to strengthen its operational capabilities and pursue its vision of becoming a leading player in the mining sector in Canada while also adhering to sustainable mining practices.