07:55 AM EDT, 09/29/2025 (MT Newswires) -- Artemis Gold ( ARGTF ) , which gained 3% and hit 52 week highs last Friday, said on Monday it had closed on the $700 million revolving credit facility (RCF) announced last week and "extinguished" its project loan facility with a $450 million drawdown on the RCF.

ARTG said the facility provides it with additional long-term balance sheet liquidity and financial flexibility to deliver on its future growth projects, including the Phase 1A project that will expand its current design capacity by 33%, as well as an accelerated and larger Phase 2 expansion project for which it is targeting an investment decision later this year.

"We are pleased to have closed the RCF on a timely basis reflecting the merits of our Blackwater operation and the quality institutions in the lending syndicate," said chief executive Dale Andres.