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Artemis Gold Announces Financial Close of $700 Million Revolving Credit Facility; Repays Project Loan Facility
Artemis Gold Announces Financial Close of $700 Million Revolving Credit Facility; Repays Project ...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n\n\n\n Artemis Gold Announces Financial Close of $700 Million Revolving Credit Facility; Repays Project Loan Facility\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TSXV: ARTG\n \n\n\n\n (all amounts in Canadian dollars)\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 29, 2025\n \n\n /CNW/ - Artemis Gold Inc. (TSXV: ARTG) (\"Artemis Gold\" or the \"Company\") announces that it closed on the previously-announced\n \n $700 million\n \n Revolving Credit Facility (the \"RCF\") on\n \n September 26, 2025\n \n and concurrently extinguished its project loan facility with a drawdown of approximately\n \n $450 million\n \n on the RCF.\n \n\n\n\n\n\n\n\n\n Artemis Gold CEO\n \n Dale Andres\n \n commented: \"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. The continued support of our existing lenders, as well as a new first tier Canadian lender, is further endorsement of Blackwater's status as a Tier 1 asset and its significant cash flow generation capacity. The RCF provides the Company with additional long-term balance sheet liquidity and financial flexibility to deliver on our future growth projects, including the recently announced Phase 1A project that will expand our current design capacity by 33%, as well as an accelerated and larger Phase 2 expansion project for which we are targeting an investment decision later this year.\"\n \n\n\n About Artemis Gold\n \n\n\n Artemis Gold is a well-financed, growth-oriented gold and silver producer and development company with a strong financial capacity aimed at creating shareholder value through the identification, acquisition, and development of gold properties in mining-friendly jurisdictions. The Company's primary focus is the operation and further development of the Blackwater Mine in central\n \n British Columbia\n \n , approximately 160km southwest of\n \n Prince George\n \n and 450km northeast of\n \n Vancouver\...