12:17 PM EDT, 07/03/2025 (MT Newswires) -- Cordoba Minerals ( CDBMF ) on Thursday said CMH Colombia, which holds the Alacran Project in Colombia, received the final US$20 million installment from JCHX Mining Management, in accordance with the terms of the framework agreement.

The company said JCHX has now made all payments, fulfilling its US$100 million investment obligation under the initial framework agreement and maintaining a 50% interest in CMH. Cordoba used near US$10 million of this final installment payment to repay bridge loans arranged with JCHX affiliates in December 2024 to support the Alacran Project while awaiting Environmental Impact Assessment approval.

"With the final installment complete, and bridge loans and interest repaid, we are well-positioned to advance the full divestment of Alacran and our remaining Colombian asset," said Cordoba Chief Executive Sarah Armstrong-Montoya.

Cordoba shares were last seen down $0.01 to $0.74 on the TSX Venture Exchange.

Price: 0.74, Change: -0.01, Percent Change: -1.33