Andean Precious Metals Strengthens Balance Sheet with New $40 Million Credit Facility from National Bank of Canada

Core Viewpoint - Andean Precious Metals Corp. has secured a new $40 million revolving credit facility from the National Bank of Canada, which enhances its capital structure and financial flexibility for future growth initiatives [1][3]. Group 1: Credit Facility Details - The new credit facility offers improved liquidity and a more efficient cost of capital as Andean progresses with its strategic and operational initiatives [2]. - The facility has a capacity of $40 million, which will automatically reduce to $30 million on the first anniversary, with a term of 2 years and an interest rate of SOFR + 4.25% [7]. Group 2: Closure of Existing Facilities - Concurrently, Andean has extinguished its previous credit arrangements, including a $36.1 million loan from the CommerceWest Main Street Lending Program and a $25 million credit facility with Banco Santander International, thereby streamlining its capital structure [3][7]. - The consolidation of these credit facilities has enhanced liquidity and aligned financing arrangements with the company's current scale and growth plans [7]. Group 3: Company Overview - Andean Precious Metals is focused on expanding its operations in top-tier jurisdictions in the Americas, owning and operating the San Bartolome processing facility in Bolivia and the Golden Queen mine in California [4]. - The leadership team is committed to creating value through safe, sustainable, and responsible operations, aiming to become a multi-asset, mid-tier precious metals producer [4].