AUGUSTA GOLD ANNOUNCES LOAN EXTENSION

Rhea-AI Summary

Augusta Gold (TSX: G; OTCQB: AUGG; FSE:11B) has announced a significant update to its loan arrangement. The company has successfully negotiated an extension of its loan maturity date with Augusta Investments to November 30, 2025.

As part of this financial restructuring, Augusta Gold has also secured an additional US$500,000 in funding under the existing loan terms. This development provides the company with enhanced financial flexibility through the extended timeline.

Positive

• Secured additional US$500,000 in financing through loan extension

Negative

• Extended debt maturity indicates continued reliance on loans
• Need for additional financing suggests potential cash flow constraints

VANCOUVER, BC, May 1, 2025 /PRNewswire/ - Augusta Gold Corp. (TSX: G; OTCQB: AUGG; FSE:11B) ("Augusta Gold" or the "Company") announces that it has extended the maturity date of its loan (the "Loan") with Augusta Investments Inc. (the "Lender") to November 30, 2025 (the "Extension") and borrowed an additional US$500,000 from the Lender under the terms of the Loan.

About Augusta Gold

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district approximately 120 miles north-west of Las Vegas, Nevada and just outside of Beatty, Nevada. The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value. For more information, please visit www.augustagold.com.

 

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SOURCE Augusta Gold Corp.

FAQ

What is the new maturity date for Augusta Gold's (G) loan in 2025?

Augusta Gold's loan maturity date has been extended to November 30, 2025.

How much additional funding did Augusta Gold (G) secure in May 2025?

Augusta Gold secured an additional US$500,000 from Augusta Investments under the existing loan terms.

Who is the lender for Augusta Gold's (G) extended loan agreement?

Augusta Investments is the lender for Augusta Gold's loan extension.

What stock exchanges is Augusta Gold (G) listed on in 2025?

Augusta Gold is listed on the TSX (symbol: G), OTCQB (symbol: AUGG), and Frankfurt Stock Exchange (symbol: 11B).

When did Augusta Gold (G) announce their loan extension?

Augusta Gold announced their loan extension on May 1, 2025.