Fortress Minerals Corp. (FST.V) said Friday that an insider of the company has agreed to provide a loan of C$4 million to the company at an interest rate of prime plus 2% for short-term working capital purposes.
The loan has an initial term of 6 months and may be re-paid in part or full at anytime without penalty.
As a condition of the loan, the lender will receive a bonus payment of 1,052,631 shares of Fortress, subject to regulatory approval. These shares will be subject to a four month and one day hold period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.