Inventus Mining receives $2.08-million gold prepayment

Executive Summary

• Inventus Mining Corp. received a $2.1 million gold prepayment from McEwen Inc., providing non-dilutive financing to advance operations at its Pardo gold project.
• The prepayment is linked to the estimated recoverable gold from a 10,128-tonne bulk sample from Trench 1, with processing scheduled to commence before the end of January.
• The company has restarted its Phase 2 resource drilling program (94 holes completed) and is extracting an additional 10,000-tonne bulk sample from Trench 1 North.

Key Details

• Financing Structure: $2,085,768 gold prepayment received from McEwen Inc.
• Prepayment Basis: For a portion of the estimated recoverable gold from the 10,128-tonne Trench 1 bulk sample.
• Use of Proceeds: Non-dilutive financing to advance bulk sampling and drilling at the 100%-owned Pardo gold project (located ~65 km NE of Sudbury, Ont.).
• Bulk Sampling Status (Trench 1):
  • 10,128-tonne sample stockpiled at McEwen's Stock mill.
  • Processing on track to commence before the end of January.
  • Results anticipated by mid-February.
• Bulk Sampling Status (Trench 1 North):
  • Additional 10,000-tonne bulk sample currently being extracted.
  • Demonstrates repeatability and scalability of near-surface gold mineralization.
  • Delivery and processing anticipated by the end of March.
• Drilling Update:
  • Phase 2 resource drilling program restarted following a planned pause over the 2025 holiday period.
  • 94 holes completed prior to the pause; results expected shortly.
  • Focus on expanding mineralized footprint and increasing confidence for a planned maiden resource estimate.
• Strategic Context: Approach combines large-scale bulk sampling and concurrent resource drilling to derisk the project while minimizing shareholder dilution.

Notable Quotes

• "The receipt of this $2.1-million prepayment further confirms that execution at Pardo remains on track. It allows us to continue advancing multiple workstreams in parallel, including an additional bulk sample extraction, the resumption of phase 2 drilling and technical objectives while minimizing dilution. This approach positions Inventus well as we continue to derisk and advance the project." — Wesley Whymark, President and Head of Exploration