- Atico Mining (ATCMF, Financial) restructures its US$8.7 million credit facility with Trafigura.
- The debt will bear interest at SOFR plus 7.5% and be repaid in two installments by December 2026.
- The concentrate purchase agreement with Trafigura is extended for two more years.
Atico Mining Corporation (OTC: ATCMF) has successfully executed a term sheet with Trafigura PTE. LTD. to restructure its existing secured credit facility, which totals US$8.7 million. This restructuring allows the repayment to be made in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026. The debt will continue to accrue interest at a rate of SOFR plus 7.5%.
In conjunction with this restructuring, Atico Mining and Trafigura have extended their commercial concentrate purchase contract for an additional two years. Under this agreement, Trafigura will purchase 100% of the concentrate produced from the El Roble mine, ensuring a minimum annual purchase of 32,000 dry metric tonnes (kdm).
The closing of this transaction is anticipated to occur on or before June 30, 2025, pending completion of final documentation and approval from the TSX Venture Exchange.
