Atico Mining Announces Execution of Term Sheet with Trafigura to Restructure Outstanding Credit Facility

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[{"type":"text","content":"Atico Mining Announces Execution of Term Sheet with Trafigura to Restructure Outstanding Credit Facility\n\n\n\n VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “\n \n Company\n \n ” or “\n \n Atico\n \n ”) (TSX.V: ATY | OTC: ATCMF) announces that, further to its press release dated June 9, 2025, it has entered into a term sheet with Trafigura PTE. LTD. (the “\n \n Trafigura\n \n ”) regarding an amendment and extension of the Company’s existing secured credit agreement (the “\n \n Credit Agreement\n \n ”) with Trafigura and certain subsidiaries of the Company, of which US$8.7 million remains outstanding (the “\n \n Principal Amount\n \n ”).\n \n\n Pursuant to the term sheet, the Principal Amount will be repaid in two instalments of US$2.7 million on July 25, 2025 and US$6 million on December 30, 2026. The outstanding Principal Amount will bear interest at a rate of SOFR plus 7.5%. In addition, the parties have agreed to an extension of the existing commercial concentrate purchase contract between the Company and Trafigura covering the purchase of 100% of the concentrate produced from the El Roble mine for two additional years, subject to a minimum tonnage of 32kdm per year.\n \n\n Closing of the transactions is subject to finalization of definitive documentation, which will contain customary representations, warranties, covenants and conditions precedent to closing, including approval of the TSX Venture Exchange, and is expected to occur on or before June 30, 2025.\n \n\n\n\n About Atico Mining Corporation\n \n\n\n\n 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\n \n\n\n\n\n www.aticomining.com\n \n .\n \n\n ON BEHALF OF THE BOARD\n \n\n Fernando E. Ganoza\n \n CEO\n \n Atico Mining Corporation\n \n\n Trading symbols: TSX.V: ATY | OTCQX: ATCMF\n \n\n Investor Relations\n \n Igor Dutina\n \n Tel: +1.604.729.5765\n \n\n\n Neither the TSXV nor its Regulation Services P...

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