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Loans Receivable | 6 Months Ended
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Jun. 30, 2025
Loans Receivable |
Loans Receivable | Note 6 – Loans Receivable Loans receivable comprised the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | At June 30, | ​ | ​ | At December 31, | ​
​ | ​ | ​ | 2025 |  |  | 2024 | ​
G Mining Ventures Term Loan | ​ | ​ | $ | 76.1 | ​ | ​ | $ | 75.9 | ​
EMX Term Loan | ​ | ​ | ​ | 24.2 | ​ | ​ | ​ | 34.1 | ​
Loans receivable | ​ | ​ | $ | 100.3 | ​ | ​ | $ | 110.0 | ​
Current | ​ | ​ | $ | 17.8 | ​ | ​ | $ | 5.9 | ​
Non-Current | ​ | ​ | ​ | 82.5 | ​ | ​ | ​ | 104.1 | ​
Loans receivable | ​ | ​ | $ | 100.3 | ​ | ​ | $ | 110.0 | ​
​
(a) | G Mining Ventures Term Loan
The G Mining Ventures Term Loan is a 6-year senior secured term loan, which bears interest at a rate of 3-Month SOFR +5.75% per annum, reducing to 3-Month SOFR +4.75% after completion tests have been achieved at the Tocantinzinho project. Repayment of principal, accrued interest, and accrued fees will begin in December 2025 with equal quarterly repayments followed by a final 25% repayment upon maturity in June 2028.
(b) | EMX Term Loan
The EMX Term Loan is a senior secured term loan which matures on July 1, 2029. Interest is payable monthly at a rate equal to the 3-Month SOFR plus an applicable margin between 3.0% and 4.25% depending on EMX’s net debt to adjusted EBITDA ratio. During each year, EMX may prepay $10.0 million of the principal amount outstanding without penalty, on a cumulative basis. On April 15, 2025, EMX made a $10.0 million principal prepayment on the EMX Term Loan.
(c) | Discovery Term Loan
The Discovery Term Loan is a $100.0 million, 7-year term loan with an availability period of 2 years from closing. The loan will bear interest at a rate of 3-Month SOFR +4.50% per annum. Amortization will begin after year 5 at 5% per quarter, with no restrictions on prepayment. The loan provides for an upfront fee equal to 2% on any principal drawn, a standby fee of 100 basis points per annum on undrawn funds, and the issuance by Discovery of 3,900,000 common share purchase warrants with an exercise price of C$0.95 per common share and an expiry date of April 15, 2028. No amounts were advanced under the Discovery Term Loan as at June 30, 2025.

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