West Red Lake Gold Signs Term Sheet for Up to USD 95 Million Credit Facility With Gunvor

• West Red Lake Gold signed a binding term sheet November 2, 2026, with Centalion subsidiary Gunvor for financing up to US$ 95 million.
• The proposed facility comprises an initial tranche up to US$ 65 million; a second US$ 30 million tranche requires additional approvals.
• Proceeds would refinance Nebari secured debt on more favorable terms, support Madsen development and potentially fund Rowan development.
• The five-year facility carries one-month SOFR plus 5.5% interest, with a nine-month principal repayment holiday on the initial tranche.
• Gunvor would purchase 100% of gold doré production; funding remains subject to due diligence, definitive agreements and required approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. West Red Lake Gold Mines Ltd. published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.