09:24 AM EDT, 06/27/2025 (MT Newswires) -- Fiddlehead Resources (FHR.V) said overnight Thursday that it amended and extended its existing credit agreement to refinance the current outstanding debt of $12.6 million that was previously set to mature Nov. 30.

The debt was extended for a term of 18 months, with monthly interest payments and no fixed required amortization or principal repayment.

Fiddlehead also reached an agreement with the vendor of the Ferrier/South Strachan asset in Alberta, resulting in the elimination of the deferred consideration of $1.25 million and $2.25 million in contingent payments.

Fiddlehead said the elimination of the deferred and contingent consideration represents a significant reduction in current liabilities for the company.

The company said it will provide its 2025 guidance after closing the transaction.

Fiddlehead's share price fell 6.9% on Thursday to $0.135 on the TSXV.