On May 5, 2022, Anaconda Mining Inc. entered into a promissory note with Auramet International LLC in connection with a senior secured loan whereby Auramet provided a US$8 million loan facility. The net proceeds will be used for the repayment of the existing gold prepayment facility with Auramet and for general working capital purposes at its Point Rousse operation.
Cassels acted for Anaconda.