{"success":true,"data":{"pressRelease":{"id":"157172","rtpr_id":"nGNX30CnYy-20260930","ticker":"ASE","exchange":"","all_tickers":["ASE"],"title":"Asante Provides Financing Update","author":"Globe Newswire","published_at":"2026-09-30T17:58:09.099Z","article_body":"VANCOUVER, British Columbia, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Asante Gold\nCorporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) (\"Asante\" or the \"Company\")\nannounces that the senior lenders under its Senior Facilities Agreement and\nMezzanine Facility Agreement, its stream purchaser and its hedge counterparty\nhave agreed waivers and amendments to the Company's financing arrangements,\nincluding extensions to two previously disclosed deadlines under its Senior\nFacilities Agreement.\n\nAs previously disclosed, Asante was required to secure aggregate new funding\nof at least US$100 million, and to deliver a cost to complete certificate to\nits senior lenders, in each case by September 30, 2026 (refer to news release\ndated August 24, 2026). The Company has agreed terms for this funding with\nFujairah Holding LLC (\"Fujairah\"), which has requested additional time to\ncomplete its internal approval processes. \n\nThe lenders, stream purchaser and hedge counterparty have agreed to extend\nthe funding deadline to October 31, 2026 and the deadline for the cost to\ncomplete certificate to March 31, 2027.\n\nThe Company continues to work closely with its lenders, stream partner and\nFujairah as it advances a longer term financing solution.\n\nThe new funding remains subject to Fujairah’s final internal approval\nprocess and the execution of the related agreements. \n\nAsante will continue to update the market as appropriate.\n\nCONTACT INFORMATION\n\nCamilla Golding – Investor Relations Manager\ninvestor@asantegold.com\n+1 604 661 9400 or +233 303 972 147\n\nABOUT ASANTE GOLD CORPORATION\n\nAsante Gold Corporation is a growing mid-tier gold producer, developer and\nexplorer with a high-quality portfolio of assets located on two of West\nAfrica's most prolific and prospective gold belts in Ghana. The Company\noperates the Bibiani and Chirano Gold Mines on the Sefwi-Bibiani Gold Belt in\nGhana's Western North Region, where it holds an extensive and underexplored\nland position spanning more than 80 kilometres of strike. Asante is also\nadvancing its Kubi Gold Project on the Ashanti Gold Belt, extending the\nCompany's footprint across Ghana's most productive gold corridor. Committed to\nresponsible mining and the creation of lasting value for its shareholders,\npeople and host communities, Asante is listed on the TSX Venture Exchange, the\nGhana Stock Exchange, and the OTCQX Market in the United States. Additional\ninformation is available on the Company’s website at www.asantegold.com.\n\n\n\nFigure 1: Asante Portfolio, Ghana\n\nAbout The Bibiani Gold Mine\n\nBibiani is an operating open pit gold mine situated in the Western North\nRegion of Ghana, with historical gold production of more than 5 million\nounces. The mine is fully permitted with mining and processing infrastructure\non-site, including a refurbished process plant and associated mining\ninfrastructure. Asante commenced mining at Bibiani in late February 2022, with\ncommercial production announced on November 10, 2022.\n\nAbout The Chirano Gold Mine\n\nChirano is an operating open pit and underground mine located in the Western\nRegion of Ghana. The mine was first explored and developed in 1996 and began\nproduction in October 2005. Chirano comprises multiple open pit and\nunderground operations and has produced over 3 million ounces of gold. Asante\nacquired the Chirano operation in August 2022.\n\nCautionary Statement of Forward-Looking Statements\n\nCertain statements in this news release constitute forward-looking statements\nor forward-looking information. All statements, other than statements of\nhistorical fact, are forward-looking statements or information. \nForward-looking statements involve risks, uncertainties and other factors that\ncould cause actual results, performance, prospects, and opportunities to\ndiffer materially from those expressed or implied by such forward-looking\nstatements. The reader is referred to the risk factors identified in the\nCompany’s management’s discussions and analysis and the most recent annual\ninformation form and the Company’s public disclosure record which is\navailable on SEDAR+ (www.sedarplus.ca). Although the Company believes that the\nassumptions and factors used in preparing the forward-looking statements are\nreasonable, undue reliance should not be placed on these statements, which\nonly apply as of the date of this news release, and no assurance can be given\nthat such events will occur in the disclosed time frames or at all. Except as\nrequired by securities laws and the policies of the securities exchanges on\nwhich the Company is listed, the Company disclaims any intention or obligation\nto update or revise any forward-looking statement, whether as a result of new\ninformation, future events or otherwise.\n\nLEI Number: 529900F9PV1G9S5YD446. Neither CIRO nor any stock exchange or other\nsecurities regulatory authority accepts responsibility for the adequacy or\naccuracy of this release.\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/760ab3ef-ea47-4f70-88d6-4ac9a70fe3ff\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8783c801-a431-42dd-9842-cf73346d6e2a)\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/760ab3ef-ea47-4f70-88d6-4ac9a70fe3ff/en)\nAsante Portfolio, Ghana\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX30CnYy-20260930","title":"Asante Provides Financing Update","author":"Globe Newswire","ticker":"ASE","created":"2026-09-30T17:58:09.099Z","tickers":["ASE"],"exchange":"","article_body":"VANCOUVER, British Columbia, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Asante Gold\nCorporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) (\"Asante\" or the \"Company\")\nannounces that the senior lenders under its Senior Facilities Agreement and\nMezzanine Facility Agreement, its stream purchaser and its hedge counterparty\nhave agreed waivers and amendments to the Company's financing arrangements,\nincluding extensions to two previously disclosed deadlines under its Senior\nFacilities Agreement.\n\nAs previously disclosed, Asante was required to secure aggregate new funding\nof at least US$100 million, and to deliver a cost to complete certificate to\nits senior lenders, in each case by September 30, 2026 (refer to news release\ndated August 24, 2026). The Company has agreed terms for this funding with\nFujairah Holding LLC (\"Fujairah\"), which has requested additional time to\ncomplete its internal approval processes. \n\nThe lenders, stream purchaser and hedge counterparty have agreed to extend\nthe funding deadline to October 31, 2026 and the deadline for the cost to\ncomplete certificate to March 31, 2027.\n\nThe Company continues to work closely with its lenders, stream partner and\nFujairah as it advances a longer term financing solution.\n\nThe new funding remains subject to Fujairah’s final internal approval\nprocess and the execution of the related agreements. \n\nAsante will continue to update the market as appropriate.\n\nCONTACT INFORMATION\n\nCamilla Golding – Investor Relations Manager\ninvestor@asantegold.com\n+1 604 661 9400 or +233 303 972 147\n\nABOUT ASANTE GOLD CORPORATION\n\nAsante Gold Corporation is a growing mid-tier gold producer, developer and\nexplorer with a high-quality portfolio of assets located on two of West\nAfrica's most prolific and prospective gold belts in Ghana. The Company\noperates the Bibiani and Chirano Gold Mines on the Sefwi-Bibiani Gold Belt in\nGhana's Western North Region, where it holds an extensive and underexplored\nland position spanning more than 80 kilometres of strike. Asante is also\nadvancing its Kubi Gold Project on the Ashanti Gold Belt, extending the\nCompany's footprint across Ghana's most productive gold corridor. Committed to\nresponsible mining and the creation of lasting value for its shareholders,\npeople and host communities, Asante is listed on the TSX Venture Exchange, the\nGhana Stock Exchange, and the OTCQX Market in the United States. Additional\ninformation is available on the Company’s website at www.asantegold.com.\n\n\n\nFigure 1: Asante Portfolio, Ghana\n\nAbout The Bibiani Gold Mine\n\nBibiani is an operating open pit gold mine situated in the Western North\nRegion of Ghana, with historical gold production of more than 5 million\nounces. The mine is fully permitted with mining and processing infrastructure\non-site, including a refurbished process plant and associated mining\ninfrastructure. Asante commenced mining at Bibiani in late February 2022, with\ncommercial production announced on November 10, 2022.\n\nAbout The Chirano Gold Mine\n\nChirano is an operating open pit and underground mine located in the Western\nRegion of Ghana. The mine was first explored and developed in 1996 and began\nproduction in October 2005. Chirano comprises multiple open pit and\nunderground operations and has produced over 3 million ounces of gold. Asante\nacquired the Chirano operation in August 2022.\n\nCautionary Statement of Forward-Looking Statements\n\nCertain statements in this news release constitute forward-looking statements\nor forward-looking information. All statements, other than statements of\nhistorical fact, are forward-looking statements or information. \nForward-looking statements involve risks, uncertainties and other factors that\ncould cause actual results, performance, prospects, and opportunities to\ndiffer materially from those expressed or implied by such forward-looking\nstatements. The reader is referred to the risk factors identified in the\nCompany’s management’s discussions and analysis and the most recent annual\ninformation form and the Company’s public disclosure record which is\navailable on SEDAR+ (www.sedarplus.ca). Although the Company believes that the\nassumptions and factors used in preparing the forward-looking statements are\nreasonable, undue reliance should not be placed on these statements, which\nonly apply as of the date of this news release, and no assurance can be given\nthat such events will occur in the disclosed time frames or at all. Except as\nrequired by securities laws and the policies of the securities exchanges on\nwhich the Company is listed, the Company disclaims any intention or obligation\nto update or revise any forward-looking statement, whether as a result of new\ninformation, future events or otherwise.\n\nLEI Number: 529900F9PV1G9S5YD446. Neither CIRO nor any stock exchange or other\nsecurities regulatory authority accepts responsibility for the adequacy or\naccuracy of this release.\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/760ab3ef-ea47-4f70-88d6-4ac9a70fe3ff\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8783c801-a431-42dd-9842-cf73346d6e2a)\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/760ab3ef-ea47-4f70-88d6-4ac9a70fe3ff/en)\nAsante Portfolio, Ghana\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-30T17:58:09.15996788Z","server_sent_at_ms":1790791089159},"received_at":"2026-09-30T17:58:09.210Z","source_url":null},"analysis":{"id":"145845","press_release_id":"157172","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["US$100M funding still subject to Fujairah final internal approval and definitive agreements","waivers/extensions to avoid missing previously disclosed financing deadlines indicate refinancing stress","one-month funding deadline extension provides limited runway"],"eventType":"debt_offering","narrative":"Asante Gold secured waivers and amendments from its senior lenders, stream purchaser and hedge counterparty, extending previously disclosed financing deadlines.\n\nThe US$100 million funding from Fujairah Holding LLC has been agreed in terms but not closed; the deadline moved to October 31, 2026, and the cost-to-complete certificate deadline to March 31, 2027.\n\nThe extensions avert an immediate default but leave the company dependent on Fujairah's final internal approval, a key refinancing risk to monitor.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Waiver buys Asante a month on its US$100M funding gap -- track Fujairah closing into the October 31 deadline."},"keyFigures":{"dealValueUsd":100000000,"customDimensions":{"required_new_funding":"US$100 million","funding_deadline_extension":"October 31, 2026","cost_to_complete_certificate_deadline":"March 31, 2027"}},"namedEntities":{"people":[{"name":"Camilla Golding","role":"Investor Relations Manager"}],"products":["Bibiani Gold Mine","Chirano Gold Mine","Kubi Gold Project"],"companies":[{"name":"Asante Gold Corporation","ticker":"ASE","relationship":"filer/issuer"},{"name":"Fujairah Holding LLC","relationship":"funding provider"}],"dollarAmounts":[{"amount":"US$100 million","context":"minimum aggregate new funding Asante was required to secure by September 30, 2026"}]},"materialImpact":{"score":3,"reasoning":"Asante's lenders granted waivers and extensions on a required US$100M funding and cost-to-complete certificate deadline, signaling refinancing stress. The US$100M Fujairah funding remains subject to final approval and is not yet closed, leaving the company dependent on counterparty internal processes."},"tickerRelevance":{"others":[],"primary":"ASE"},"globalImportance":35,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"financing waiver/deadline extension","issuerAuthored":true,"refinancingRisk":true}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"bearish","material_impact_score":3,"narrative":"Asante Gold secured waivers and amendments from its senior lenders, stream purchaser and hedge counterparty, extending previously disclosed financing deadlines.\n\nThe US$100 million funding from Fujairah Holding LLC has been agreed in terms but not closed; the deadline moved to October 31, 2026, and the cost-to-complete certificate deadline to March 31, 2027.\n\nThe extensions avert an immediate default but leave the company dependent on Fujairah's final internal approval, a key refinancing risk to monitor.","key_figures":{"dealValueUsd":100000000,"customDimensions":{"required_new_funding":"US$100 million","funding_deadline_extension":"October 31, 2026","cost_to_complete_certificate_deadline":"March 31, 2027"}},"named_entities":{"people":[{"name":"Camilla Golding","role":"Investor Relations Manager"}],"products":["Bibiani Gold Mine","Chirano Gold Mine","Kubi Gold Project"],"companies":[{"name":"Asante Gold Corporation","ticker":"ASE","relationship":"filer/issuer"},{"name":"Fujairah Holding LLC","relationship":"funding provider"}],"dollarAmounts":[{"amount":"US$100 million","context":"minimum aggregate new funding Asante was required to secure by September 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T17:58:15.036Z","global_importance":35,"audience_relevance":25,"importance_components":{"tickerTier":"small-cap","eventGravity":"financing waiver/deadline extension","issuerAuthored":true,"refinancingRisk":true}},"durationMs":5817,"modelName":"glm-5.3-flashx"}}