08:43 AM EDT, 10/01/2024 (MT Newswires) -- Augusta Gold ( AUGG ) said Tuesday that it extended the maturity date of its loan with Augusta Investments to April 30, 2025.

Augusta Gold ( AUGG ) also agreed to pay a US$71,748 extension fee.

In connection with the extension, Augusta Investments will loan Augusta Gold US$5.5 million, an amount equal to all interest and fees payable on the loan under the loan through Sept. 30, which the company will immediately repay.

Augusta Gold ( AUGG ) said all interest payable from Oct. 1 through the maturity date will not become due and payable under the loan until the company obtains approval from shareholders.