Altaley Finalizes US $12 Million Accendo Banco Loan Agreement
Altaley Mining Corporation
1000 – 1111 Melville Street
Vancouver, BC, V6E 3V6,
Canada
TSX.V: ATLY
Page 1 of 3
Altaley Finalizes US $12 Million Accendo Banco Loan
Agreement
Vancouver, British Columbia, July 22, 2021
Altaley Mining Corporation (“Altaley ” or the “Company ” (TSX-V: ATLY; OTC Pink: ATLYF; Frankfurt: TSGN)
is pleased to announce that the Company has executed a US $12 million loan facility agreement with
Accendo Banco S.A. Institucion de Banca Multiple (“Accendo”) to complete the final part of it ’s
previously announced US $25 million Accendo Syndicate Funding plan providing a fully funded
solution to complete the construction and ramp- up of Telson’s 100% owned Tahuehueto Gold Mine
project (“Tahuehueto ”).
The closing of the Accendo Mid-Term Loan Facility, to be dr awn down by Altaley in stages with first
disbursement of US $3.2 million received July 19th, 2021, also triggers a 2nd and final advance payment of
US $3 million under the Empress Royalty Corp. silver streaming agreement. See press release dated
February 23rd, 2021.
"Closing this Accendo Mid -Term Loan Facility Agreement, the final part of the Accendo Syndicate
financing triggering the 2 nd tranche of the Empress Royalty Silver Stream completes our planned
capital raise, providing the pathway to finalize our construction program at our flagship Tahuehueto
Gold Mine Project. Tahuehueto’s construction program is in full swing and making excellent progress
and closing this Accendo loan agreement allows Altaley to accelerate construction , with the goal of
allowing Tahuehueto to ach ieve initial pre -production near the end of 2021." States Ralph Shearing,
CEO "On behalf of the Company and our shareholders I want to thank our funders and partners ,
Accendo, Empress Royalty, private placement investors, Trafigura, Nyrstar and Estratégica for
everyone's o utstanding effort to achieve the closing of the US $25 million Accendo Syndicate
financing."
About the Accendo Mid -Term Loan Facility
Loan Amount US $12 million (US $500K previously advanced)
Interest Rate 13.5%
Arrangement Fee 2.5%
Commitment Fee 2.5%
Term 4 years (including 1 year grace period)
Repayment 36 equal monthly payments
Second security ranking over all Tahuehueto ’s assets
Altaley Mining Corporation
1000 – 1111 Melville Street
Vancouver, BC, V6E 3V6,
Canada
TSX.V: ATLY
Page 2 of 3
Listen to Altaley CEO, Ralph Shearing discuss this agreement with Proactive Investor s
https://youtu.be/ct1GJg9nGQ4
ALTALEY MINING TO HOST LIVE INVESTOR WEBINAR ON THURSDAY, JULY 27 TH AT 2PM ET
Altaley Mining is pleased to announce that Ralph Shearing, President and CEO, will present Altaley's
July 2021 corporate presentation including Campo Morado’s 2Q 2021 production update and outline
the Company’s short- and long-term plans during the webinar.
You are welcome register to join the webinar below:
Date: Tuesday, July 27th , Time: 2pm ET
Register : Webinar Registration ( https://share.hsforms.com/14Xt4fVwqTcu2rMKNIAa3_A4h2fj )
HAVE QUESTIONS ? Management will be available to answer your questions following the presentation
on the webinar platform. You m ay also submit your question(s) beforehand via email to
About Altaley Mining Corporation
Altaley Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold,
silver, and base metal mining projects.
Altaley's Tahuehueto Gold Mine project is in north-western Durango State, Mexico where construction
has been advanced to an estimated 60% of completion. Upon closing of the announced US $25 million
funding package, Altaley will have the funding available to finish construction of its 1,000 tonne per day
processing facility and related mine infrastructure to initiate production of gold, silver, lead, and zinc in
concentrates at Tahuehueto. The Company is targeting initial pre -production by end of 2021 and
ramping up to full production capacity during Q1 2022.
Campo Morado is an operating polymetallic base metal mine with mining and milling equipment
currently producing at an average rate of 2,150 tonnes per day and is currently estimated to be Mexico’s
6th largest zinc producer.
Visit: www.altaleymining.com
On Behalf of the Board of Directors
(signed) “Ralph Shearing”
Ralph Shearing, P. Geol, CEO/President and Director
Altaley Mining Corporation
1000 – 1111 Melville Street
Vancouver, BC, V6E 3V6,
Canada
TSX.V: ATLY
Page 3 of 3
CAUTIONARY NOTE REGARDING PRODUCTION DECISIONS AND FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are “forward -looking information” or
“forward-looking statements” (collectively, “Forward -Looking Information”) within the meaning of applicable
Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure regarding the
planned recommenc ement of mining operations at Campo Morado; and other possible events, conditions or
financial performance that are based on assumptions about future economic conditions and courses of action; the
timing and costs of future activities on the Company’s properties, such as production rates and increases; success
of exploration, development and bulk sample processing activities, and timing for processing at its own mineral
processing facility on the Tahuehueto project site. In certain cases, Forward-Looking Information can be identified
using words and phrases such as “plans,” “expects,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or
variations of such words and phrases. In preparing the Forward -Looking Information in this news release, the
Company has applied several material assumptions, including, but not limited to, that the current exploration,
development, environmental and other objectives concerning the Campo Morado Mine and the Tahuehueto
Project can be achieved; that recommencement of operations at Campo Morado will proceed as planned; the
continuity of the price of gold and other metals, economic and political conditions, and operations. Forward -
Looking Information involves known and unknown risks, uncertainties and other factors which may cause the
actual results, performance, or achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by the Forward -Looking Information. There can be no
assurance that Forward -Looking Information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance
on Forward -Looking Information. Except as required by l aw, the Company does not assume any obligation to
release publicly any revisions to Forward -Looking Information contained in this news release to reflect events or
circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information about Altaley Mining Corporation, please contact:
Glen Sandwell
Corporate Communications Manager
Tel: +1 (604) 684-8071