Granada Gold Mine converts $4 million debt into 4% NSR royalty on Quebec property

Reuters2026/07/30 21:20

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Granada Gold Mine entered debt conversion deals to retire $4 million of debt in exchange for a combined 4% net smelter return royalty.
$3 million owed to Nord Precious Metals converts into a 3% NSR; Granada can buy it back for $3 million in $1 million tranches.
$1 million owed to Mineral Recovery Management Systems converts into a 1% NSR; Granada can repurchase it for $1 million cash.
Transactions are aimed at cutting leverage to support future financing; closing requires TSX Venture Exchange approval.

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. Granada Gold Mine Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202607301700TNWSWRCACNPR_____1LaPFWzPp) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Granada Gold Mine converts $4 million debt into 4% NSR royalty on Quebec property

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