Atico Mining Announces Execution of Term Sheet with Trafigura to Restructure Outstanding Credit Facility

VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) announces that, further to its press release dated June 9, 2025, it has entered into a term sheet with Trafigura PTE. LTD. (the “Trafigura”) regarding an amendment and extension of the Company’s existing secured credit agreement (the “Credit Agreement”) with Trafigura and certain subsidiaries of the Company, of which US$8.7 million remains outstanding (the “Principal Amount”).

Pursuant to the term sheet, the Principal Amount will be repaid in two instalments of US$2.7 million on July 25, 2025 and US$6 million on December 30, 2026. The outstanding Principal Amount will bear interest at a rate of SOFR plus 7.5%. In addition, the parties have agreed to an extension of the existing commercial concentrate purchase contract between the Company and Trafigura covering the purchase of 100% of the concentrate produced from the El Roble mine for two additional years, subject to a minimum tonnage of 32kdm per year.

Closing of the transactions is subject to finalization of definitive documentation, which will contain customary representations, warranties, covenants and conditions precedent to closing, including approval of the TSX Venture Exchange, and is expected to occur on or before June 30, 2025.

About Atico Mining Corporation

Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.

ON BEHALF OF THE BOARD

Fernando E. Ganoza
CEO
Atico Mining Corporation

Trading symbols: TSX.V: ATY | OTCQX: ATCMF

Investor Relations
Igor Dutina
Tel: [phone]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). These statements relate to future events or the Company’s future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “anticipates”, “believes”, “estimates”, “expects”, “confirm” and similar expressions, or the negatives of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might”, or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date hereof or as of the date specified in such statement. Specifically, this news release includes, but is not limited to, forward-looking statements regarding: the expected terms contained in the definitive documentation and the expected closing of the loan refinancing with Trafigura including the timing thereof.