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A Gold Mine Financed in Gold: Lake Victoria Advances One of Tanzania's First Gold-Denominated Project Loans

  • Lake Victoria Gold Ltd. is advancing Bank of Tanzania registration & regulatory workstreams for a gold loan facility with Monetary Metals.
  • The facility provides up to 6,000 ounces of gold (~US$25 million) as non-dilutive, project-level financing for the fully permitted Imwelo Gold Project.
  • Financing is structured & repaid in gold ounces, matching the obligation to the mine's future production output.
  • The loan is held through LVG's subsidiary Tembo Gold (T) Limited under Mining Licence ML 538/2015.
  • Completion remains subject to regulatory approvals, definitive documentation, & customary closing conditions.
  • The project is located in Tanzania's Lake Victoria Goldfield & is adjacent to Barrick's Bulyanhulu Mine.
  • Management & partners own over 60% of shares, with a strategic partnership in place for Taifa Group to conduct contract mining.
  • The facility is not yet based on a NI 43-101 feasibility study, carrying increased uncertainty regarding economic viability.
  • LVG is following a trend of African gold developers utilizing gold-linked capital structures similar to peers like Orezone, Robex, Royal Gold, & Perseus.
  • The company expects to provide further updates as regulatory steps progress toward funding closure.