Patagonia Gold increases Cantomi Loan to US$40 million for project development and working capital.

From GlobeNewswire: 2024-12-06 17:00:00

Patagonia Gold Corp. has increased its Cantomi Loan to US$40 million with an extended maturity date of December 31, 2026. The funds will be used for the development of the Calcatreu project and general working capital. The Company focuses on gold and silver projects in Argentina, with over 430 properties in the region.

The amendment to the Cantomi Loan increases the maximum aggregate amount to US$40 million, with all other terms remaining unchanged. Patagonia Gold Corp. aims to grow shareholder value through exploration and development of projects in Argentina. The Company holds mineral rights to numerous properties and is one of the largest landholders in Santa Cruz, Argentina.

Forward-looking statements in the news release discuss the use of funds from the Cantomi Loan, development of projects in Argentina, and growth in shareholder value. Management believes in the potential of the projects, but advises caution due to significant risks and uncertainties. Actual results may vary, and the Company will update as necessary.



Read more at GlobeNewswire: Patagonia Gold Announces Increase to Loan Facility and