JZR Gold Inc. Announces Loan Agreement with Eco Mining Oil & Gaz Drilling and Exploration Ltda.

February 11, 2025 – Vancouver, British Columbia, Canada

JZR Gold Inc. (TSX-V: JZR) has entered into a loan agreement with Eco Mining Oil & Gaz Drilling and Exploration Ltda. (“Eco”) dated September 30, 2024.

The agreement outlines that JZR Gold Inc. will lend up to US$2,000,000 to Eco, with the loan bearing no interest. The funds will be advanced to Eco in tranches upon request, and the decision to advance rests solely with JZR. As of the date of the agreement, JZR had already advanced US$1,800,000 to Eco, which is included in the total loan amount.

Eco has the option to repay any outstanding amount without penalty at any time.

This loan agreement represents a significant move for both JZR Gold Inc. and Eco Mining Oil & Gaz Drilling and Exploration Ltda. It opens up opportunities for growth and development in the mining and exploration industry, providing Eco with the necessary funds to pursue its projects.

It will be interesting to see how this partnership unfolds and the impact it will have on both companies in the future.

How this will affect me:

As an individual, you may not see a direct impact from this loan agreement. However, if you are involved in the mining or exploration industry, it could signal potential opportunities for collaboration or investment.

How this will affect the world:

On a larger scale, this loan agreement could have implications for the mining and exploration sector globally. It could lead to the development of new projects, advancements in technology, and overall growth in the industry.

Conclusion:

The loan agreement between JZR Gold Inc. and Eco Mining Oil & Gaz Drilling and Exploration Ltda. marks a significant step forward for both companies. It paves the way for potential growth and development in the mining and exploration industry, with the potential to make a positive impact on the sector as a whole.