Business
1911 Gold Announces US$30 Million Credit Facility with Auramet International
1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) is pleased to announce that the Company has entered into a loan agreement (the "Loan Agreement") with Auramet International, Inc. ("Auramet"), providing for a US$30 million secured credit facility (the "Credit Facility"). It is anticipated that the proceeds from the Credit Facility will be used to advance critical operational milestones at the True North Gold Project, specifically providing the capital re
About this update from 1911 Gold Corp.
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":100,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, Feb. 20, 2026 /CNW/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) is pleased to announce that the Company has entered into a loan agreement (the "Loan Agreement") with Auramet International, Inc. ("Auramet"), providing for a US$30 million secured credit facility (the "Credit Facility"). It is anticipated that the proceeds from the Credit Facility will be used to advance critical operational milestones at the True North Gold Project, specifically providing the capital required to purchase essential mining equipment, underground development at the True North mine, and the installation of the new crushing circuit at the mill.","length":748,"tagName":"p"},{"type":"image","alt":"1911 Gold Corporation - TSXV: AUMB, OTCQB: AUMBF, FRA: 2KY (CNW Group/1911 Gold Corporation)","displaySize":"","headline":null,"caption":"1911 Gold Corporation - TSXV: AUMB, OTCQB: AUMBF, FRA: 2KY (CNW Group/1911 Gold Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":141,"url":"https://media.zenfs.com/en/cnwgroup.com/6bfff71401e6f8b045f25d66e9297c8a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/sGnO9z7ukAR8Bb45_jTJgw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0OTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/6bfff71401e6f8b045f25d66e9297c8a","width":400,"height":141}},"href":"https://mma.prnewswire.com/media/2917247/1911_Gold_Corporation_1911_Gold_Announces_US_30_Million_Credit_F.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Shaun Heinrichs, President and Chief Executive Officer of the Company, stated "We are very pleased to secure this credit facility with Auramet, a group that has a long and successful history with the True North Gold Project and a deep understanding of its potential. This US$30 million facility provides the necessary funding to advance the restart plan outlined in our recently released PEA, which showcased a high-return, low-capital-intensity path back to production. By securing this financing, we remain well-capitalized to achieve our key operational milestones at Rice L...