Euro Sun Mining Announces Signed Term Sheet for Up to US$200m Facility

Core Viewpoint - Euro Sun Mining Inc. has agreed in principle to a copper concentrates prepayment facility of up to US$200 million with Trafigura Pte Ltd to support the Rovina Valley copper-gold project, which is expected to advance over the next 18 months [1][2][3] Financial Arrangement - The facility will be drawn down in three tranches: US$2.5 million (Tranche A), US$17.5 million (Tranche B), and US$180 million (Tranche C), with specific conditions for each tranche [4] - Tranche A and B repayments are due on June 30, 2027, while Tranche C is due on June 30, 2031 [4] - The company will issue warrants equal to 40% of the amounts drawn under Tranche A and B, allowing the lender to acquire shares at $0.50 until June 30, 2029 [5] Project Development - The Rovina Valley Project is noted for being home to the second-largest copper and gold deposits in Europe, with increasing global demand for copper due to electrification and industrialization [3][12] - The company is progressing with its environmental impact assessment and engaging with Romanian officials for necessary legislative outcomes [3][12] Corporate Actions - Euro Sun has appointed Mr. Aaron Atin as the new Corporate Secretary, bringing valuable experience in securities law and mining [11] - The company has entered into a settlement agreement with Heart Capital Group Ltd, issuing 1 million common shares at a deemed price of $0.125 per share [9][10]