11:17 AM EDT, 09/19/2025 (MT Newswires) -- Abcourt Mines ( ABMBF ) at a 52-week high, said Friday it has reduced the net smelter returns royalty on the Sleeping Giant and Dormex properties from 2% to 1.5% by paying Maverix Metals US$2 million in cash. The company also increased its loan to fund the buyback.

The company, may, before Sept. 22, 2028, further reduce the royalty rate by another 0.5% by paying $4 million to Maverix, reducing the total royalty rate to 1.0%.

Abcourt amended its credit agreement with its lender for an additional $2 million, bringing the total amount borrowed to $12 million. Proceeds from the latest borrowing were used to reduce the royalty to Maverix. The company will also issue 14.4 million warrants to the lender, each exercisable for one share at $0.096 until July 3, 2028.

"We believe that reducing the NSR at Sleeping Giant Mine will be perfect for the long-term plan of Abcourt. Over the next few years, it's important for us to unlock the full potential of Sleeping Giant Mine," said chief executive Pascal Hamelin.

Abcourt Mines ( ABMBF ) is up $0.01, to $0.085, a 52-week high, on the TSX Venture Exchange.

Price: 0.09, Change: +0.01, Percent Change: +13.33