Atico Mining Announces Execution of Term Sheet with Trafigura to Restructure Outstanding Credit Facility
Atico Mining Announces Execution of Term Sheet with Trafigura to
Restructure Outstanding Credit Facility
VANCOUVER, British Columbia, June 13, 2025 -- Atico Mining Corporation (the “ Company” or “Atico”) (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 “Trafigura”) regarding an amendment and 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 ”).
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.
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.
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.