Star Metro - Gold Mountain Mining Corp. Obtains Additional Funding Under Secured Convertible Debenture

NYSE - LSE

CMSC	0.4%	22.314	$
CMSD	0.11%	22.285	$
RBGPF	0%	69.04	$
SCS	0.37%	10.74	$
RELX	0.06%	53	$
RIO	-0.24%	59.33	$
GSK	0.31%	41.45	$
NGG	0.38%	71.48	$
BP	0.58%	30.4	$
BTI	1.48%	48.215	$
BCC	0.87%	91.02	$
JRI	0.15%	13.13	$
VOD	0.1%	9.85	$
BCE	-0.27%	22.445	$
RYCEF	0.83%	12	$
AZN	-0.16%	73.71	$

Gold Mountain Mining Corp. Obtains Additional Funding Under Secured Convertible Debenture

THINGS TO KNOW 11.07.2025

Gold Mountain Mining Corp. Obtains Additional Funding Under Secured Convertible Debenture

VANCOUVER, BC / ACCESS Newswire / July 11, 2025 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to announce that it has obtained an additional $600,000 in funding (the "Additional Funding") pursuant to an amended and restated secured convertible debenture (the "Amended Debenture") dated as of July 11, 2025. The Amended Debenture amends and restates the terms of a secured convertible debenture (the "Original Debenture") dated as of June 18, 2024 that the Company issued to Nhwelmen Construction Limited Partnership ("Nhwelmen" the contract miner at the Company's Elk Gold Mine), pursuant to which the Company owes Nhwelmen $5,000,000 (see the Company's news release dated June 18, 2024 for further details respecting the Original Debenture).

Text size:

The Amended Debenture amends the terms of the Original Debenture to increase the aggregate principal amount owing by the Company to Nhwelmen from $5,000,000 to $5,600,000. All other terms of the Original Debenture remain the same, including: the Amended Debenture is convertible at Nhwelmen's option into common shares of the Company at a conversion price of $0.08 per share (with an aggregate of 70,000,000 common shares being issuable if the full $5,600,000 is converted); the Amended Debenture matures on June 18, 2028; the principal amount of the Amended Debenture accrues interest at the rate of 12.0% per annum, calculated monthly and payable in cash in arrears on each anniversary date from the date of issuance of the Original Debenture; and the Amended Debenture may be prepaid in whole or in part, at the option of the Company. The Amended Debenture is secured by a second priority security interest over all of the assets of the Company including its current and after acquired property, as evidenced by the general security agreement dated effective March 10, 2024 between the Company and Nhwelmen.

The Company will use the Additional Funding for general working capital, which will provide the Company with financial flexibility to support its ongoing operations and strategic initiatives.

The Additional Funding remains subject to approval of the Toronto Stock Exchange. There can be no assurance that the financing will be completed on the terms contemplated or at all. The Company will provide further updates as appropriate.

About Gold Mountain

Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South Central British Columbia. Additional information is available at www.sedarplus.ca or on the Company's new website at www.goldmountainminingcorp.ca.

For more information, please contact:

Gold Mountain Mining Corp.
Email: [email protected]
Website:www.goldmountainminingcorp.ca

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Forward Looking Statements

Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company's future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

SOURCE: Gold Mountain Mining Corp

View the original press release on ACCESS Newswire

L.Pelletier--SMC

Featured

Battery X Metals Engages U.S. Investment Bank to Support Strategic Path Toward Potential United States National Securities Exchange Listing Aligned with U.S. Growth Initiatives

News Release Highlights:Battery X Metals engages a U.S.-based investment bank, as its exclusive financial advisor to guide the Company through a potential uplisting to the Nasdaq, advancing its long-term capital markets strategy.The engagement supports Battery X Metals' potential broader U.S. growth initiatives, including the future commercialization of its patent-pending electric vehicle battery rebalancing machine with a long-term strategic focus on the U.S. market, future continued battery recycling R&D in partnership with a globally ranked top 20 university, and AI-driven exploration of battery metals in Nevada, USA.A Nasdaq listing is being pursued to strengthen Battery X Metals' positioning as a next-generation energy transition resource exploration and technology company executing an integrated 360° battery metals strategy-spanning AI-powered mineral exploration, sustainable battery material recovery, and electric vehicle battery lifespan extension technology.

Prince Silver Corp. Announces Closing of Stampede Acquisition, Issuance of Securities and Filing of Technical Report.

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

Zentek Announces Management Transition

GUELPH, ON / ACCESS Newswire / July 11, 2025 / Zentek Ltd. ("Zentek" or the "Company") (Nasdaq:ZTEK)(TSX-V:ZEN), an intellectual property technology development and commercialization company, announces that the board of directors has determined not to extend the consulting contract for Greg Fenton, the Company's Chief Executive Officer and a Director of the Company, when the term expires on March 31, 2026. The Company has begun its search for Mr. Fenton's successor, and, until such successor has been appointed, the Company's current executive team will continue to lead the Company.

Pegasus Resources Withdraws Shares-for-Debt Application

VANCOUVER, BC / ACCESS Newswire / July 11, 2025 / Pegasus Resources Inc. (TSX-V:PEGA)(OTC PINK:SLTFF)(FSE:OQS0) ("Pegasus" or the "Company") announces that it has formally withdrawn its previously announced application to settle approximately $140,000 of outstanding indebtedness through the issuance of common shares (the "Shares-for-Debt Settlement").