Abcourt Mines Receives Approval for Share Repurchase Program

Abcourt Mines Inc. has received authorization from the TSX Venture Exchange to implement a normal course issuer bid (NCIB). Under this program, the company is permitted to repurchase up to 80 million common shares for cancellation, representing approximately 10 percent of its public float.

The repurchase initiative is scheduled to commence on April 3, 2026, and will remain active until April 2, 2027, unless the maximum number of shares is acquired sooner. Red Cloud Securities Inc. will execute the trades on the company’s behalf at prevailing market prices. Abcourt intends to fund these repurchases using existing cash reserves.

Management stated the move is prompted by a belief that the company’s share price does not accurately reflect its intrinsic value. The decision follows recent strategic financing efforts involving Glencore and ongoing efforts to increase production capacity at the company's Sleeping Giant mine. The company noted that it is under no obligation to reach the 80 million share target and reserves the right to suspend the program based on market conditions.