Arc Minerals Ltd (LSE:ARCM) has finalized a binding settlement agreement with Avanti Gold Corporation and Regency Mining Ltd to resolve an outstanding receivable of USD 1.25 million. The agreement establishes a cash payment schedule with amounts varying depending on payment timing, providing a timely boost to Arc Minerals’ liquidity through 2026. This settlement follows constructive discussions and supports the company’s ongoing strategy to optimize cash management.
About Arc Minerals
Arc Minerals Ltd is a mining company focused on acquiring and developing mineral resources. Its key projects include the Misisi gold project located in the Democratic Republic of the Congo.
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