Torq Resources Secures Credit Facility Extension

On October 20, 2026, Torq Resources Inc. announced the extension of its C$2.8 million loan with 191010 Investments Limited. This extension will prolong the loan's maturity from July 11, 2026, to March 16, 2027. The loan modification aligns with Torq's recent private placement financing.

As part of the extension terms, the lender will receive 56,000,000 share purchase warrants, exercisable at C$0.05 per share until September 16, 2027. These warrants include a blocker preventing the lender from exceeding 9.99% ownership of Torq shares unless approved by the company, TSXV, and shareholders for thresholds over 19.99%.

The warrants are subject to a 10-day reduction notice if the loan is prepaid before the new expiration date. This administrative decision reflects Torq's strategic financial planning efforts.