Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (‘Steppe Gold’ or the ‘Company’) is pleased to announce it has reached the next financing milestone for the Phase 2 Expansion at the 100% owned ATO Gold Mine (the ‘ATO Phase 2 Expansion’). This coincides with further progress on the turnkey engineering, procurement, and construction contract (the ‘EPC Contract’), and the second project finance draw down of US$40.4m. Highlights Second draw down of US$40.4m from the project finance package, was funded on March 20, 2024, with a total of $50m has been drawn from the first tranche of the US$150m project finance package since October 2023. The major long lead items include the flotations cells, grinding mills, cluster cyclones, thickener units, filters and pumping systems. The ATO Phase 2 Expansion is proceeding according to projected timelines and budgets, with commissioning planned for Q1 2026. Further to the announcement on January 9,…
