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Minera Alamos Inc V.MAI

Alternate Symbol(s):  MAIFF

Metals & Mining Industrial Metals & Minerals
Minera Alamos Inc. is a gold production and development company. The Company has a portfolio of Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is going through the start-up of operations at the new Nicho Main deposit. The Santana Property consists of certain mining claims located approximately east-southeast of Hermosillo, Sonora, Mexico. Additionally, the Company holds a 100% interest in certain contiguous mining concessions referred to as Santa Lucia and Hilda 35 Fraccion 1, located in Sonora State, Mexico. Its 100%-owned Cerro de Oro oxide gold project that comprises Zacatecas I and Zacatecas II concessions is located in northern Zacatecas and covers about 6,500-hectare (ha). The Company holds a 100% interest in the La Fortuna open pit gold project in Durango, which covers about 6,200 ha. The Company also holds a 100% interest in a mining property known as Los Verdes, a molybdenum-copper property located in the State of Sonora, Mexico.


TSXV:MAI - Post by User

Minera Alamos Inc
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Post by Betteryear2on May 31, 2023 7:32am
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Post# 35471805

US$25 M Construction Financing Package Termsheet V.MAI

US$25 M Construction Financing Package Termsheet V.MAIToronto, Ontario--(Newsfile Corp. - May 31, 2023) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to announce the conclusion of discussions with lenders regarding a funding package tailored for the limited capital requirements associated with the planned construction of the Cerro de Oro gold mine that is currently anticipated to begin next year. The Company has signed a termsheet for a US$15 million Loan Facility and US$10 million Royalty that is expected to close on or around July 14th upon signing of definitive documentation as well as board and regulatory approvals.

Minera Alamos Announces US$25 million Construction Financing Package Termsheet Executed for Cerro de Oro Gold Project; Q1 Financial Results (newsfilecorp.com)
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