Research on ABCOURT MINES INC -CL B (ABI:TSE) , Abcourt Mines, Inc. Class B (ABI:TSX) , Glencore plc (GLEN:LON) from Couloir Capital
◆ Abcourt Mines Inc. (TSX: ABI) (“Abcourt” or the “Company”) is a gold exploration and development company operating in Quebec, Canada. Its primary development asset is the Sleeping Giant mine and mill, complemented by its key exploration project, Flordin. ◆ Exploration advancing at Flordin project: Abcourt has resumed exploration activities at its Flordin gold project, initiating a 20,000-meter Phase 2 drilling program. The campaign targets the Cartwright and South Zone sectors with the objective of extending mineralization both laterally and at depth. Management views the program as a key step toward defining a larger gold system within the Flordin property. ◆ Strategic financing and offtake with Glencore: A key milestone for Abcourt was the completion of a US$30 million senior debt financing and offtake agreement with Glencore. The financing includes an initial US$18.1 million tranche and US$11.9 million available for drawdown in late 2026 or early 2027. Under the agreement, Glencor