The debt repayment clears the Fremont property as collateral, removes loan obligations across the group and comes ahead of the borrowing's 2028 maturity.
Lode Gold Resources Inc. said it has fully repaid Fremont Gold Mining LLC's long-term senior debt tied to the Fremont Gold Mine property, paying about US$3.6 million of principal and accrued interest well before the loan's scheduled 2028 maturity. The repayment releases the Fremont Property from its pledge as security and leaves Lode Gold and its subsidiaries with no loan obligations. The company said the move qualifies it for a partial rebate on the loan's 2% extension fee after the borrowing, recently amended to mature on May 1, 2028, was repaid on or before May 1, 2027. Lode Gold said the balance-sheet milestone supports its next growth phase at Fremont, where it plans engineering studies, drilling, mine planning and permitting work through 2026 ahead of a targeted preliminary feasibility study in July 2027.