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Financings

Western Metallica cancels debt settlement deals

By The Northwire Desk — AI Analysis Sep 03, 2025 · 03:41 WMS · 0.09 Western Metallica Resources Corp.

WMS · Price

Executive Summary

Western Metallica Resources Corp. has terminated the previously announced debt settlement agreements (originally disclosed on Aug. 15, 2025).
The company remains indebted to its CEO, Greg Duras, for a $300,000 bridge loan that was advanced earlier in 2025.
No alternative financing or restructuring plan has been disclosed at this time.

Key Details

Termination of the debt settlement agreements previously announced on Aug. 15, 2025.
Outstanding bridge loan of $300,000 remains outstanding to CEO Greg Duras.
Prior related press releases: Jan. 16, 2025; March 26, 2025; July 28, 2025 (all referencing the same bridge loan).
No new financing terms, extensions, or repayment schedules have been provided.

Notable Quotes

(No CEO/President quotes were included in the release.)

Read the original news release →

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