Atico Mining Announces Execution of Loan Amendment with Trafigura to Restructure Outstanding Credit Facility
Atico Mining Corporation (OTC:ATCMF) has successfully executed a loan amendment and restructuring agreement with Trafigura PTE. LTD. for its existing secured credit facility. The restructuring involves the repayment of the outstanding US$8.7 million Principal Amount in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026.
The amended agreement includes an interest rate of SOFR plus 7.5% on the outstanding Principal Amount. Additionally, Atico and Trafigura have extended their commercial concentrate purchase contract for two more years, which covers 100% of the concentrate produced from the El Roble mine, with a minimum annual requirement of 32,000 dry metric tons.
The Company continues to focus on exploring, developing, and mining copper and gold projects in Latin America, generating cash flow through the El Roble mine operation while developing the high-grade La Plata VMS project in Ecuador.
Atico Mining Corporation (OTC:ATCMF) ha completato con successo un accordo di modifica e ristrutturazione del prestito con Trafigura PTE. LTD. relativo alla sua attuale linea di credito garantita. La ristrutturazione prevede il rimborso dell'importo principale residuo di 8,7 milioni di dollari USA in due rate: 2,7 milioni di dollari il 25 luglio 2025 e 6 milioni di dollari il 30 dicembre 2026.
Il contratto modificato stabilisce un tasso di interesse pari a SOFR più il 7,5% sull'importo principale residuo. Inoltre, Atico e Trafigura hanno esteso il loro contratto commerciale di acquisto di concentrato per ulteriori due anni, che copre il 100% del concentrato prodotto dalla miniera El Roble, con un requisito minimo annuo di 32.000 tonnellate metriche secche.
L'azienda continua a concentrarsi sull'esplorazione, lo sviluppo e l'estrazione di progetti di rame e oro in America Latina, generando flussi di cassa tramite l'operazione della miniera El Roble, mentre sviluppa il progetto VMS ad alto tenore La Plata in Ecuador.
Atico Mining Corporation (OTC:ATCMF) ha ejecutado con éxito un acuerdo de enmienda y reestructuración de préstamo con Trafigura PTE. LTD. para su línea de crédito garantizada existente. La reestructuración implica el pago del monto principal pendiente de US$8.7 millones en dos cuotas: US$2.7 millones el 25 de julio de 2025 y US$6 millones el 30 de diciembre de 2026.
El acuerdo modificado incluye una tasa de interés de SOFR más 7.5% sobre el monto principal pendiente. Además, Atico y Trafigura han extendido su contrato comercial de compra de concentrados por dos años más, que cubre el 100% del concentrado producido en la mina El Roble, con un requisito mínimo anual de 32,000 toneladas métricas secas.
La compañía continúa enfocándose en la exploración, desarrollo y minería de proyectos de cobre y oro en América Latina, generando flujo de caja a través de la operación de la mina El Roble mientras desarrolla el proyecto VMS de alta ley La Plata en Ecuador.
Atico Mining Corporation (OTC:ATCMF)는 기존 담보 신용 시설에 대해 Trafigura PTE. LTD.와 대출 수정 및 구조조정 계약을 성공적으로 체결했습니다. 구조조정은 미지급된 870만 달러 원금을 두 차례에 걸쳐 상환하는 것으로, 270만 달러는 2025년 7월 25일, 600만 달러는 2026년 12월 30일에 지급됩니다.
수정된 계약에는 미지급 원금에 대해 SOFR 플러스 7.5%의 이자율이 적용됩니다. 또한 Atico와 Trafigura는 El Roble 광산에서 생산되는 집중물 100%를 포함하는 상업용 집중물 구매 계약을 2년 더 연장했으며, 연간 최소 32,000 마른 미터톤의 요구량을 보장합니다.
회사는 라틴 아메리카에서 구리 및 금 프로젝트의 탐사, 개발 및 채굴에 계속 집중하며, El Roble 광산 운영을 통해 현금 흐름을 창출하고 에콰도르의 고등급 La Plata VMS 프로젝트를 개발하고 있습니다.
Atico Mining Corporation (OTC:ATCMF) a conclu avec succès un accord de modification et de restructuration de prêt avec Trafigura PTE. LTD. concernant sa facilité de crédit garantie existante. La restructuration prévoit le remboursement du montant principal impayé de 8,7 millions de dollars US en deux versements : 2,7 millions de dollars le 25 juillet 2025 et 6 millions de dollars le 30 décembre 2026.
L'accord modifié inclut un taux d'intérêt de SOFR plus 7,5% sur le montant principal impayé. De plus, Atico et Trafigura ont prolongé leur contrat commercial d'achat de concentré pour deux années supplémentaires, couvrant 100 % du concentré produit par la mine El Roble, avec une exigence annuelle minimale de 32 000 tonnes métriques sèches.
La société continue de se concentrer sur l'exploration, le développement et l'exploitation de projets de cuivre et d'or en Amérique latine, générant des flux de trésorerie grâce à l'exploitation de la mine El Roble tout en développant le projet VMS à haute teneur La Plata en Équateur.
Atico Mining Corporation (OTC:ATCMF) hat erfolgreich eine Kreditänderungs- und Umstrukturierungsvereinbarung mit Trafigura PTE. LTD. für seine bestehende gesicherte Kreditfazilität abgeschlossen. Die Umstrukturierung sieht die Rückzahlung des ausstehenden Hauptbetrags von 8,7 Millionen US-Dollar in zwei Raten vor: 2,7 Millionen US-Dollar am 25. Juli 2025 und 6 Millionen US-Dollar am 30. Dezember 2026.
Die geänderte Vereinbarung beinhaltet einen Zinssatz von SOFR plus 7,5% auf den ausstehenden Hauptbetrag. Zusätzlich haben Atico und Trafigura ihren kommerziellen Konzentratkaufvertrag um weitere zwei Jahre verlängert, der 100 % des Konzentrats abdeckt, das aus der El Roble-Mine produziert wird, mit einer mindestens jährlichen Abnahmemenge von 32.000 trockenen metrischen Tonnen.
Das Unternehmen konzentriert sich weiterhin auf die Erkundung, Entwicklung und den Abbau von Kupfer- und Goldprojekten in Lateinamerika, generiert Cashflow durch den Betrieb der El Roble-Mine und entwickelt gleichzeitig das hochgradige La Plata VMS-Projekt in Ecuador.
- None.
- Increased interest rate to SOFR plus 7.5% on outstanding debt
- Significant debt obligations with US$2.7 million due in July 2025
- Company remains dependent on single buyer (Trafigura) for concentrate production
VANCOUVER, British Columbia, June 30, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) announces that, further to its press release dated June 13, 2025, it has fully executed the loan amendment and restructuring with Trafigura PTE. LTD. (the “Trafigura”) regarding the extension of the Company’s existing secured credit agreement (the “Credit Agreement”) with Trafigura and certain subsidiaries of the Company, of which US
Under the amendment, the Principal Amount will be repaid in two installments: US
About Atico Mining Corporation
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor Relations
Igor Dutina
Tel: +1.604.729.5765
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). These statements relate to future events or the Company’s future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “anticipates”, “believes”, “estimates”, “expects”, “confirm” and similar expressions, or the negatives of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might”, or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date hereof or as of the date specified in such statement. Specifically, this news release includes, but is not limited to, forward-looking statements regarding: the expected terms contained in the definitive documentation and the expected closing of the loan refinancing with Trafigura including the timing thereof.
Inherent in forward-looking statements are risks, uncertainties and other factors beyond Atico’s ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, risks associated with the Company’s outstanding debt, including amounts due and payable to each of Trafigura and Dundee Corporation (“Dundee”) on or before June 30, 2025 and December 30, 2025, respectively, or the ability to successfully amend and extend the Credit Agreement and the convertible debenture with Dundee; the availability and cost of funds; uncertainties relating to the closing of the Trafigura loan refinancing, including delays in obtaining or failure to obtain required approvals to complete the Trafigura loan refinancing; mining operations; market fluctuations in commodity prices; title risks and surface rights and access; changes in legislation; political instability; government or regulatory approvals; non-compliance with laws and regulations and compliance costs; environmental compliance; climate change; uninsured and uninsurable risks; water disposal, tailings and reclamation obligations; financing risks; risks associated with outstanding debt; global economic conditions; availability and costs of supplies; community relations; mineral reserve and mineral resource estimates; future production rates; labour relations; currency fluctuations; the Company may engage in hedging activities; infrastructure; exploration and development capital expenditures; social media and reputation; negative publicity; human rights; business objectives; concentrate sales risks; shortage of personnel; health and safety; pandemics, epidemics or infectious disease outbreak; physical security; conflicts of interest; claims and legal proceedings; information systems and cyber security; internal controls; violation of anti-bribery or corruption laws; competition; tax considerations; compliance with listing standards; enforcement of civil liabilities; financing requirement risks; market price volatility of Common Shares; and other risks and uncertainties related to the Company’s business and the Offerings, including those described in the Company’s public disclosure documents on SEDAR+ at www.sedarplus.ca. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. Actual results and developments are likely to differ and may differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect, including but not limited to, (1) the successful completion of the Trafigura loan refinancing; (2) the Company’s ability to generate positive cash flows from ongoing operations at the El Roble Mine, including the ability to sell its mineral concentrates in inventory; (3) that all required third party contractual, regulatory and governmental approvals will be obtained for the development, construction and production of the Company’s properties, (4) there being no significant disruptions affecting operations, whether due to labor disruptions, supply disruptions, power disruptions, damage to equipment, non-renewal of title to the Company’s claims or otherwise, (5) permitting, development, expansion and power supply proceeding on a basis consistent with the Company’s current expectations, (6) currency exchange rates being approximately consistent with current levels, (7) certain price assumptions for copper, gold, zinc and silver, (8) prices for and availability of fuel oil, electricity, parts and equipment and other key supplies remaining consistent with current levels, (9) production forecasts meeting expectations, (10) the accuracy of the Company’s current mineral resource and reserve estimates, (11) labor and materials costs increasing on a basis consistent with the Company’s current expectations, (12) matters related to the ongoing dispute with the National Mining Agency in Colombia, and (13) general marketing, political, business and economic conditions.
Forward-looking statements may be affected by known and unknown risks, uncertainties and other factors including without limitation, those referred to in the Offering Documents that may cause Atico’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law. If Atico does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.
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