Core Viewpoint - Atico Mining Corporation is conducting a rights offering and a concurrent LIFE offering to raise a total of approximately $8,536,592 for development projects and general corporate purposes [1][10][16]. Rights Offering - The rights offering will issue 48,514,474 rights to shareholders, allowing them to subscribe for units at a price of $0.11 per unit [2][3]. - Each unit consists of one common share and one transferable purchase warrant, exercisable at $0.18 for two years [3][11]. - The rights will expire on July 21, 2025, and unexercised rights will be void [5]. LIFE Offering - The LIFE offering aims to raise up to $3,200,000 by issuing 29,090,910 units at the same price of $0.11 per unit [10][12]. - Each LIFE unit also consists of one common share and one transferable purchase warrant, with similar terms as the rights offering [11]. Loan Refinancing - The company has a credit agreement with Trafigura for a principal sum of $10 million, with $8.7 million due by June 30, 2025 [15]. - Ongoing discussions are taking place for potential refinancing options [15]. Use of Proceeds - The net proceeds from the offerings will be allocated to the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [16]. Additional Information - The offerings may involve related parties and will be exempt from certain formal requirements under MI 61-101 [17]. - Detailed information regarding the offerings will be available in the company's offering documents on SEDAR+ [19].

Core Viewpoint - Atico Mining Corporation reported its financial results for Q1 2025, showing a net loss of $0.8 million despite an increase in sales driven by strong metal prices. The company faced operational challenges due to unexpected rock quality conditions at its El Roble mine, impacting production levels and costs [2][3]. Financial Performance - Income from mining operations was $3.7 million, with sales increasing by 11% to $19.9 million compared to $17.8 million in Q1 2024 [4][5]. - The average realized price for copper was $4.44 per pound, up from $3.97 in Q1 2024, while gold prices rose to $2,987 per ounce from $2,180 [4]. - The net loss for the quarter was $0.8 million, compared to a loss of $0.4 million in the same quarter last year [4][5]. Production Details - Copper production totaled 2.2 million pounds, a decrease of 34% from 3.3 million pounds in Q1 2024, while gold production fell by 28% to 1,578 ounces [7][8]. - The cash cost per pound of payable copper produced was $3.00, an increase of 17% from $2.57 in Q1 2024 [9]. - The company processed 54,978 tonnes of ore, down 16% from the previous year, with a copper grade of 1.96%, a decrease of 22% [8][9]. Operational Challenges - The operational performance was hindered by unexpected rock quality conditions, leading to slower mine development and lower production levels [3]. - The company anticipates gradual improvements in production and grade in the upcoming quarters as it regains its planned development pace [3][4]. Future Outlook - Atico is progressing with the engineering and permitting for the La Plata project while conducting near-mine drilling at El Roble to replenish resources and extend the mine's life [3]. - The company expects to recover most of the lost production for the year as operational challenges are addressed [3].

Core Viewpoint - Atico Mining Corporation has secured a new 30-year mining title for the El Roble mine, which is expected to significantly de-risk operations and improve liquidity through the sale of previously pledged concentrate [2][4]. Group 1: New Mining Title - The Colombian National Mining Agency has granted Atico a new 30-year mining title for the El Roble mine, following negotiations and in accordance with the preference rights stated in decree 2477 from 1986 [2]. - The new title will comply with Colombian mining law (Law 685 from 2001) and includes additional compensation fees for the Colombian State and community relations expenses [3]. Group 2: Financial Implications - Atico held approximately 5,000 wet metric tonnes of unsold concentrate valued at about US$2000 per dry metric tonne, which will now be released from pledge, allowing the company to use proceeds from sales to enhance liquidity and reduce liabilities [4]. - The company has made progress in its payment obligations, having paid US$12 million through a payment plan, with adjustments for inflation and interest, and plans to pay the remaining US$10.7 million in 2025 and 2026 [5]. Group 3: Operational Focus - The new mining title and the ability to sell concentrate will enable Atico to improve its balance sheet and focus on extending the life of the El Roble mine through an aggressive near-mine drill program [2].

Core Viewpoint - Atico Mining Corporation reported a significant decrease in production from its El Roble mine for Q1 2025, with copper production down 33% and gold production down 28% compared to Q1 2024, primarily due to unexpected challenges in rock quality during the transition to new mining areas [1][2]. Production Results - Copper production for Q1 2025 totaled 2.23 million pounds, a decrease of 33% from 3.34 million pounds in Q1 2024 [4][8]. - Gold production for Q1 2025 was 1,553 ounces, down 28% from 2,156 ounces in Q1 2024 [4][8]. - The total tonnes of ore mined decreased by 13% to 56,467 tonnes from 64,873 tonnes in Q1 2024 [4]. - The tonnes processed in Q1 2025 were 54,978, a 16% decrease from 65,787 tonnes in Q1 2024 [4]. Operational Metrics - Average tonnes processed per day in Q1 2025 were 773, down 5% from 811 in Q1 2024 [4][8]. - The copper head grade was 1.97%, a decrease of 22% from 2.51% in Q1 2024 [4][8]. - The gold head grade was 1.40 grams per tonne, down 15% from 1.64 grams per tonne in Q1 2024 [4][8]. - Copper recovery improved to 93.6%, up 2% from 91.8% in Q1 2024, while gold recovery remained stable at 62.7% [4][8]. Future Outlook - The CEO indicated expectations for progressive improvements in production during the second and third quarters of 2025, aiming to recover the planned development and preparation rate [2]. - The El Roble mine has Proven and Probable mineral reserves estimated at 828 thousand tonnes, with an average grade of 2.49% Cu and 2.20 g/t Au, projected to last until Q1 2027 [9]. Exploration and Development - The company is actively exploring the larger land package and has identified numerous target areas for VMS type mineralization, which is the focus of the current surface drill program at El Roble [10]. - The El Roble mine has been upgraded since Atico gained control in 2013, increasing its nominal processing capacity from 400 tonnes per day to 1,000 tonnes per day [7].

Core Viewpoint - Atico Mining Corporation reported a net loss of $18.7 million for the year ended December 31, 2024, primarily due to a significant arbitration ruling in Colombia, despite achieving higher sales and operating income compared to the previous year [2][6][3]. Financial Performance - The company posted income from mining operations of $14 million, with sales increasing by 19% to $68.5 million compared to $57.5 million in 2023 [2][6]. - The net loss for 2024 was $18.7 million, a substantial increase from a net loss of $5.8 million in 2023, largely due to a $24.5 million pre-tax loss from the arbitration ruling [6][7]. - The average realized price for copper was $4.19 per pound, up from $3.94 in 2023, and for gold, it was $2,452 per ounce, compared to $2,009 in 2023 [6][7]. Production and Operational Details - Atico's El Roble mine produced 13.7 million pounds of copper and 9,106 ounces of gold in concentrate, with cash costs of $2.07 per payable pound of copper [2][8]. - Copper production increased by 4% year-over-year, while gold production decreased by 10%, attributed to changes in head grades and processed ore [8][9]. - The company processed 274,181 tonnes of ore, a decrease of 2% from 2023, with a copper grade of 2.46% and a gold grade of 1.61% [9]. Cash Costs and Margins - Cash costs per tonne of processed ore rose by 10% to $142.68, while cash costs per pound of payable copper increased by 1% to $2.07 [6][9]. - The cash margin per pound of payable copper produced was $2.12, reflecting a 12% increase over 2023 due to higher realized copper prices and improved copper head grades [6][9]. Arbitration and Liabilities - The arbitration ruling on March 7, 2025, required the company to back pay copper royalties since 1994, resulting in a total pre-tax loss of $24.5 million for 2024 [11][13]. - As of December 31, 2024, the company had an outstanding arbitration award liability of $13.2 million, with $4.7 million classified as a current liability and $8.5 million as a non-current liability [13]. Future Outlook - The company aims to prioritize production goals and cost efficiencies at El Roble while taking advantage of favorable metal prices [3][6]. - Atico is also working on obtaining necessary permits for the La Plata project, indicating ongoing development efforts in its project pipeline [14].