Aton Resources Inc. has entered into an agreement with major shareholder OU Moonrider to secure a credit facility of up to US$30 million. The facility will be drawn in one or more advances and matures on September 1, 2028.

Amounts drawn carry an interest rate of 12 percent per annum. Any principal and accrued interest remaining unpaid at maturity will incur a 20 percent annual interest rate until paid. The borrowings are unsecured and cannot be converted into company equity, and no bonus shares or warrants are issued as part of the arrangement.

OU Moonrider is a control person holding 89,701,789 common shares, representing approximately 66.4 percent of Aton Resources Inc.’s issued capital. Because the arrangement constitutes a related-party transaction under Multilateral Instrument 61-101 and TSX Venture Exchange Policy 5.9, it was subject to review. The board of directors approved the facility, with Moonrider nominee Tonno Vahk abstaining from the vote. The board concluded the terms are reasonable and no less advantageous than arm's-length commercial terms. The transaction is exempt from formal valuation requirements under section 5.5(b) of MI 61-101 and from minority approval requirements under the loan exemption in section 5.7(f).

The proceeds will be applied to fund ongoing exploration and development activities at the Abu Marawat Concession's Hamama project, alongside general administrative expenses. Operations across the Abu Marawat Exploitation Lease are handled through Abu Marawat Gold Mines Company, an operating joint venture established in June 2024 that is equally owned by Aton and the Egyptian Mineral Resources Authority.

To support wider development across its properties, Aton signed a memorandum of understanding for strategic cooperation with Hongkong Xinhai Mining Services Limited in July 2026.

Read the full announcement: Aton Announces US$30M Credit Facility with OU Moonrider