Lincoln Gold reviews term sheets for Bell Mountain

Executive Summary

• Lincoln Gold Mining Inc. is reviewing term sheets for construction financing of the Bell Mountain gold project, marking a key step toward securing funding.
• The company previously announced its intent to obtain financing on July 30, 2025 and continues active negotiations with potential lenders.
• Management emphasizes the importance of experienced partners to avoid delays in permitting, construction, and heap‑leach operations.

Key Details

• Lincoln has received multiple term sheets for construction financing of the Bell Mountain gold‑silver project.
• The term sheets are under review; no definitive financing agreement has been signed yet.
• Financing is intended to fund construction of a heap‑leach processing facility and related infrastructure.
• Management highlights that experienced partners are critical to navigate permitting, construction, and production phases.
• No specific financial terms (e.g., amount, interest rate, equity kicker, or warrant provisions) were disclosed in the release.
• The update references an earlier news release dated July 30, 2025, which announced the company’s ongoing financing efforts.

Notable Quotes

• “The term sheets are an important first step in securing the best and most attractive financing arrangement for the project,” said a Lincoln Gold Mining spokesperson.
• “We remain very concerned about the potential negative impact of these negotiations due to the dissidents' lack of any experience in moving a gold project through the complex permitting process, construction and processing production of a heap leach operation.”