Robex Resources Announces Amendments to Sprott Facility Agreement, Enhancing Funding Flexibility for Kiniéro Gold Project Development

Robex Resources has amended its $130 million senior secured facility with Sprott Resource Lending, allowing access to $90 million without requiring the Mansounia Exploitation Permits or Mining Convention. The final $15 million will remain contingent on receipt of the permits or until Dec. 31, 2026. The term of the facility has been reduced to March 31, 2029, if the permits are not granted.

Quebec City, Sept. 02, 2025 (GLOBE NEWSWIRE) — Robex Resources Inc. (ASX: RXR | TSX-V: RBX | OTC: RSRBF | Börse Frankfurt: RB4) has announced amendments to its $130 million senior secured facility with Sprott Resource Lending (Sprott). The revised terms allow Robex to access $90 million without requiring the Mansounia Exploitation Permits or Mining Convention.

The amendments include an immediate drawdown of $30 million and $60 million held in a Debt Proceeds Account, subject to standard release conditions. The remaining $15 million will be contingent on the receipt of the Mansounia Exploitation Permits or until Dec. 31, 2026. Additionally, the term of the facility will be reduced from 31 March 2030 to 31 March 2029 if the permits are not granted by the latter date.

Robex will also establish a Liquidity Coverage Account (LCA) funded up to $65 million, with the balance available once the permits and Mining Convention are obtained. The company's Managing Director and CEO, Matt Wilcox, commented, "The amended facility terms with Sprott represent a significant milestone for Robex, providing enhanced funding flexibility to advance the development of the Kiniéro Gold Project."

This announcement was approved by the Managing Director. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release [1].

References:
[1] https://www.stocktitan.net/news/RSRBF/robex-announces-amendments-to-sprott-facility-7nyxn0i7qe4w.html