Adex Mining (TSE:ADE) has released an update.
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Adex Mining Inc., a Canadian junior mining company, has secured a new unsecured loan of up to US$1,000,000 from its major shareholder, Great Harvest Canadian Investment, with an 8% interest rate and flexible repayment before its maturity date of January 1, 2025. This financial move, considered a related party transaction, has been approved by a Special Committee of independent board members to ensure it aligns with the company’s best interests. The loan agreement supports the advancement of Adex’s Mount Pleasant Mine Property, which offers promising multi-metal mineralization opportunities.
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