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Euro Sun Mining Announces Signed Term Sheet for Up to US$200m Facility
TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“ Euro Sun ...
About this update from Euro Sun Mining Inc.
[{"type":"text","content":"Euro Sun Mining Announces Signed Term Sheet for Up to US$200m Facility\n\n\n\n TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“\n \n Euro Sun\n \n ” or the “\n \n Company\n \n ”) is delighted to announce that on June 20, 2025, the Company has agreed in principle to the terms and conditions (the “\n \n Term\n \n\n Sheet\n \n ”) for a copper concentrates prepayment facility of up to US$200m (the “\n \n Facility\n \n ”) offered by Trafigura Pte Ltd. (the “\n \n Lender\n \n ”), subject to conditions summarised below. This Facility is aimed to secure the financial requirements needed by the Company to complete all necessary permitting and further investment over the next 18 months to advance the Rovina Valley copper-gold project (the “\n \n Project\n \n ”). The Lender intends to assist in syndication of a consortium to provide the Company with additional debt component of up to US$200m upon reaching the construction phase of the Company’s Rovina Valley Project.\n \n\n Mr. Grant Sboros, CEO of Euro Sun, commented: “We are very pleased to have signed this term sheet that we believe could significantly strengthen our financial position. We are working to obtain financial security for all our stakeholders, and a clear financial roadmap to support our strategic growth and advance the long-term vision for our Rovina Valley Project.\n \n\n As per our previous press release, the Company is advancing with its environmental impact assessment submission and that will be followed with close engagement with Romanian officials to get the legislative outcome the project requires. Together with our strategic status granted and our financial position closer to being secured, we are on the cusp of being fully equipped to deliver this project for people of Romania and Europe’s benefit.”\n \n\n Ross Ridgway, Head of Copper at Trafigura, commented: “We are pleased to support Euro Sun in advancing the Rovina Valley Project, home to the second-largest copper and gold deposits in Europe. As global demand for copper continues to grow—driven by electrification and industrialisation—the need for secure, sustainable new sources of supply has rarely been more important.”\n \n\n\n Other Terms\n \n...