Atico Mining Announces Execution of Loan Amendment with Trafigura to Restructure Outstanding Credit Facility
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$8.7 million remains outstanding (the "Principal Amount").
Under the amendment, the Principal Amount will be repaid in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026. The outstanding Principal Amount will accrue interest at a rate of SOFR plus 7.5%. Additionally, the Company and Trafigura have agreed to extend the existing commercial concentrate purchase contract for two more years, covering 100% of the concentrate produced from the El Roble mine, with a minimum annual tonnage of 32,000 dry metric tons.
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. GanozaCEOAtico Mining Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor RelationsIgor DutinaTel: +1.604.729.5765
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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", ...
