Minera Alamos Secures $75 Million Revolving Credit Facility for Growth and Refinancing

Minera Alamos Inc. has successfully executed a term sheet for a new $75 million revolving credit facility with Scotiabank and the National Bank of Canada. This strategic financial move is designed to significantly bolster the company's balance sheet and provide the necessary liquidity for future growth operations. A primary objective of the facility is to enable the repayment of an existing gold prepayment facility, offering the company greater financial flexibility. The terms have already received approval from the credit committees of both participating banks, marking a major milestone in the refinancing process. Final closing of the arrangement remains subject to the completion of definitive loan documentation and customary closing conditions. This transition to a more flexible revolving credit line is expected to optimize the company's cash flow management and support its long-term mining objectives.