08:37 AM EDT, 06/16/2025 (MT Newswires) -- Atico Mining ( ATCMF ) was in the news twice over the weekend, announcing that it had entered into a term sheet with Trafigura PTE to amend and extend its existing secured credit agreement with Trafigura, of which US$8.7 million remains outstanding.

The company said that the principal amount will be repaid in two instalments of US$2.7 million on July 25 and US$6 million on December 30, 2026. The outstanding principal amount will bear an interest rate of SOFR plus 7.5%.

The company also said that the parties agreed to an extension of the existing commercial concentrate purchase contract between it 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 expected by June 30.

Additionally, the company over the weekend said that, in connection with its concurrent rights offering and LIFE offering, it filed an amended and restated rights offering circular and an amended and restated offering document for the LIFE offering.

The company added that the offering documents were amended to disclose the term sheet it entered into with Trafigura PTE Ltd, regarding the amendment and extension of its existing secured credit agreement with Trafigura.