Business

Almaden Announces Completion of Rock Creek Mill Sale and Repayment of Gold Loan with Almadex

VANCOUVER, British Columbia, July 11, 2025 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) is pleased to announce that it has closed the sale of certain assets comprising the Rock Creek Mill to Metals Exploration PLC (LSE AIM: MTL) (the “Transaction”) and received aggregate gross proceeds of US$9,700,000 (the “Purchase Price”) (see press release dated March 3, 2025). 15% of the Purchase Price was payable as a commission by Almaden to an equipment sa

articleMetals Exploration PlcJuly 11, 20251/company/metals-exploration-plc/news/almaden-announces-completion-of-rock-creek-mill-sale-and-repayment-of-gold-loan-with-almadex-3
Almaden Announces Completion of Rock Creek Mill Sale and Repayment of Gold Loan with Almadex

About this update from Metals Exploration Plc

[{"type":"image","alt":"Almaden Minerals Ltd.","displaySize":"","headline":null,"caption":"Almaden Minerals Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":231,"url":"https://media.zenfs.com/en/globenewswire.com/89de4103f048608b9598dd4b9697d738"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/sPDrY5p4PbApR0Bs4BQ6rg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMyMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/89de4103f048608b9598dd4b9697d738","width":300,"height":231}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, July 11, 2025 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) is pleased to announce that it has closed the sale of certain assets comprising the Rock Creek Mill to Metals Exploration PLC (LSE AIM: MTL) (the “Transaction”) and received aggregate gross proceeds of US$9,700,000 (the “Purchase Price”) (see press release dated March 3, 2025). 15% of the Purchase Price was payable as a commission by Almaden to an equipment sales broker.","length":511,"tagName":"p"},{"type":"text","content":"With the completion of the Transaction, Almaden will now proceed with the early repayment of the outstanding gold loan pursuant to the secured gold loan agreement, as amended (“Gold Loan”), between Almaden and Almadex Minerals Ltd. (“Almadex”) (see press release dated May 22, 2025). The Gold Loan will be settled by the return of the undrawn balance of 397 ounces, along with physical delivery of gold bullion of 99.99% purity to Almadex representing the outstanding loan balance (including accrued interest and standby fees) of USD$5,194,354, with the amount of gold bullion determined based on the prevailing London Bullion Market Association AM gold price in U.S. dollars as of the time of settlement.","length":705,"tagName":"p"},{"type":"text","content":"On behalf of the Board of Directors,","length":36,"tagName":"p"},{"type":"text","content":"“J. Duane Poliquin”        J. Duane PoliquinChairAlmaden Minerals Ltd.","length":113,"tagName":"p"},{"type":"text","content":"Safe Harbor Statement","length":21,"tagName":"p"},{"type":"text","content":"Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Re...

More updates from Metals Exploration Plc

Almaden Minerals Ltd.gold bullionMetals Exploration PLCPurchase PriceVANCOUVER, British Columbia