Euro Sun Enters Into Multi-Facility Agreement With Trafigura to Secure Up to US$200m for Development of Rovina Valley Copper-Gold Project

Core Viewpoint - Euro Sun Mining Inc. has secured a US$200 million financing facility with Trafigura to advance the Rovina Valley copper-gold project in Romania, marking a significant milestone for the company's development strategy [1][5]. Financing Details - The Multi-Facility Agreement includes three tranches: Tranche A of US$17.5 million was fully drawn in mid-2025, Tranche B of US$17.5 million can be drawn by June 30, 2027, and Tranche C of US$180 million can be drawn by June 30, 2031, subject to certain conditions [2]. - Repayment for Tranche A and B is due on June 30, 2027, while Tranche C is repayable on June 30, 2031, with interest payable quarterly based on market rates [2]. Warrants Issuance - The company issued 22 million warrants to Trafigura, with 2.75 million vesting immediately, 2.20 million vesting upon Tranche B drawdown, and 17.05 million upon Tranche C drawdown, allowing Trafigura to acquire shares at $0.50 each until June 30, 2029 [3]. Regulatory Compliance - The transactions under the Multi-Facility Agreement are considered arm's length according to Toronto Stock Exchange policies, and the issuance of warrants is pending final TSX approval [4]. Company Overview - Euro Sun Mining Inc. is focused on the exploration and development of the Rovina Valley Project, which is the second largest copper and gold deposit in Europe, expected to contribute to investment and job creation in Romania [5].