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REPEAT – Euro Sun Mining Enters into Facility and Offtake Agreements; Changes Address
Globenewswire·2025-07-11 11:30

Core Viewpoint - Euro Sun Mining Inc. has entered into a pre-development facility agreement with Trafigura Pte Ltd, securing a facility of up to US$2.5 million to support its corporate purposes while negotiating a larger US$200 million copper concentrates prepayment facility [1][2] Financing Details - The facility agreement allows Euro Sun to draw down the full US$2.5 million, with repayment due by June 30, 2027, and interest payable quarterly at a market rate [3] - The company has already submitted requests to utilize the full amount of the facility [3] Offtake Agreement - An offtake agreement has been established with Trafigura, allowing for offtake volumes of up to 100% of commercial production for nine years or until specified tonnages are delivered [4] - Certain rights under the offtake agreement will persist even after the repayment of the facility [4] Company Background - Euro Sun Mining Inc. is focused on the exploration and development of the Rovina Valley Project in Romania, which is noted as the second largest copper and gold deposit in Europe [7] - The project has been granted European strategic status, which is expected to attract investment and create jobs in the region, contributing to Europe's green energy transition [7] Corporate Changes - The company has relocated its registered and head office to a new address in Vaughan, Ontario, aligning with its current leadership and operational focus [6]