IBC Advanced Alloys Extends Credit Facility Agreements

IBC Advanced Alloys Corp. has announced amendments to extend the maturity dates of two existing credit facility agreements with its Chairman and CEO, Mr. Mark Smith. The new maturity date is set for December 31, 2026. The agreements maintain an interest rate of 10 percent per annum. These amendments are pending approval from the TSX Venture Exchange.

The amendments qualify as related party transactions under Multilateral Instrument 61-101. However, they are exempt from formal valuation and minority shareholder approval due to the commercial terms and the company's market listing criteria. The principal outstanding under these agreements is approximately US$2.9 million.

The company remains committed to delivering advanced copper alloy solutions across various industries, despite the forward-looking risks and uncertainties discussed in their cautionary statements.