West Red Lake Gold Closes US$35-Million Credit Facility with Nebari and Announces Drawdown of US$15 Million

VANCOUVER, British Columbia, Jan. 02, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce that on December 31, 2024 it entered into a completed credit agreement (the “Loan Agreement”) with Nebari Natural Resources Credit Fund II LP (“Nebari”) pursuant to which the Company will borrow up to a maximum principal amount of US$35 million (the “Credit Facility”) to be issued in three tranches of : (i) US$15 million (“Tranche 1”), (ii) US $15 million (“Tranche 2”), and (iii) US$5 million (“Tranche 3” and together with Tranche 1 and Tranche 2, the “Tranches” and each a “Tranche”). Tranche 1 was drawn down on December 31, 2024.

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