Andean Precious Metals Strengthens Balance Sheet with New $40 Million Credit Facility from National Bank of Canada
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ANDEAN PRECIOUS METALS STRENGTHENS BALANCE SHEET WITH
NEW $40 MILLION CREDIT FACILITY FROM NATIONAL BANK OF CANADA
TORONTO, ON – November 25, 2025 – Andean Precious Metals Corp. (“Andean” or the “Company”)
(TSX: APM) (OTCQX: ANPMF) is pleased to announce that it has entered into a new revolving credit
facility with National Bank of Canada (“NBC”), further strengthening the Company’s capital structure and
enhancing financial flexibility.
NBC Revolving Credit Facility Key Terms:
• Capacity: US$40 million, automatically reducing to US$30 million on the first anniversary
• Term: 2 years
• Interest rate: SOFR + 4.25%
The new facility provides improved liquidity and a more efficient cost of capital as Andean advances its
strategic and operational initiatives across its portfolio.
Closure of Existing Credit Facilities
Concurrent with the closing of the NBC Revolving Credit Facility, Andean has:
• Extinguished and closed the CommerceWest Main Street Lending Program Loan, totaling
US$36.1 million, which was fully repaid using a combination of drawdowns from the new NBC
Revolving Credit Facility and cash on hand; and
• Closed the Company’s existing US$25 million credit facility with Banco Santander
International, which has been retired in conjunction with the establishment of the NBC
Revolving Credit Facility. With these actions, Andean has simplified its capital structure, reduced
the number of outstanding credit facilities, and aligned its financing arrangements with the
Company’s current scale and growth plans.
Juan Carlos Sandoval, Chief Financial Officer, stated: “The new credit facility with National Bank of
Canada represents a significant milestone in optimizing our balance sheet and reinforcing financial
flexibility to support the Company’s next stage of growth. By consolidating and retiring prior credit
arrangements, we have streamlined our capital structure, enhanced liquidity, and secured a more
competitive cost of capital. We value NBC’s partnership and remain committed to strengthening our
financial position as we advance our strategic objectives.”
About Andean Precious Metals
Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the
Americas. The Company owns and operates the San Bartolom e processing facility in Potosí, Bolivia
and the Golden Queen mine in Kern County, California, and is well -funded to act on future growth
opportunities. Andean’s leadership team is committed to creating value; fostering safe, sustainable and
responsible operations; and achieving our ambition to be a multi -asset, mid-tier precious metals
producer.
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For more information, please contact:
Amanda Mallough
Director, Investor Relations
T: +1 647 463 7808
Caution Regarding Forward-Looking Statements
Certain statements and information in this release constitute “forward-looking statements” within the
meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of
applicable Canadian securities laws, which we refer to collectively as “forward-looking statements”.
Forward-looking statements are statements and information regarding possible events, conditions or
results of operations that are based upon assumptions about future economic conditions and courses
of action. All statements and information other than statements of historical fact may be forward-looking
statements. In some cases, forward-looking statements can be identified by the use of words such as
“seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”,
“predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases
(including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-
looking statements in this release include, but are not limited to, statements and information regarding
the anticipated effects of the NBC credit facility. Such forward-looking statements are based on a
number of material factors and assumptions, including, but not limited to: the Company's ability to carry
on exploration and development activities; the Company's ability to secure and to meet obligations under
property and option agreements and other material agreements; the timely receipt of required approvals
and permits; that there is no material adverse change affecting the Company or its properties; that
contracted parties provide goods or services in a timely manner; that no unusual geological or technical
problems occur; that plant and equipment function as anticipated and that there is no material adverse
change in the price of silver, price of gold, costs associated with production or recovery. Forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause actual
results, performance or achievements, or industry results, to differ materially from those anticipated in
such forward-looking statements. The Company believes the expectations reflected in such forward-
looking statements are reasonable, but no assurance can be given that these expectations will prove to
be correct, and you are cautioned not to place undue reliance on forward-looking statements contained
herein. Some of the risks and other factors which could cause actual results to differ materially from
those expressed in the forward-looking statements contained in this release include, but are not limited
to: risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity
of mineral deposits and conclusions of economic evaluations; results of initial feasibility, pre-feasibility
and feasibility studies, and the possibility that future exploration, development or mining results will not
be consistent with the Company’s expectations; risks relating to possible variations in reserves,
resources, grade, planned mining dilution and ore loss, or recovery rates and changes in project
parameters as plans continue to be refined; mining and development risks, including risks related to
accidents, equipment breakdowns, labour disputes (including work stoppages and strikes) or other
unanticipated difficulties with or interruptions in exploration and development; the potential for delays in
exploration or development activities or the completion of feasibility studies; risks related to the inherent
uncertainty of production and cost estimates and the potential for unexpected costs and expenses; risks
related to commodity price and foreign exchange rate fluctuations; the uncertainty of profitability based
upon the cyclical nature of the industry in which the Company operates; risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental or
local community approvals or in the completion of development or construction activities; risks related
to environmental regulation and liability; political and regulatory risks associated with mining and
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exploration; risks related to the uncertain global economic environment; and other factors contained in
the section entitled “Risk Factors” in the Company’s MD&A for the three and nine months ended
September 30, 2025.
Although the Company has attempted to identify important factors that could cause actual results or
events to differ materially from those described in the forward-looking statements, you are cautioned
that this list is not exhaustive and there may be other factors that the Company has not identified.
Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements
included in this release if these beliefs, estimates and opinions or other circumstances should change,
except as otherwise required by applicable law.