07:24 AM EDT, 07/11/2025 (MT Newswires) -- Euro Sun Mining ( CPNFF ) late on Thursday said it signed a pre-development facility with Trafigura worth US$2.5 million.

Euro Sun plans to use the facility for general corporate purposes while it negotiates a definitive agreement for a copper concentrates prepayment facility of up to US$200 million.

"With this financing in place, we are securing the stability and resources needed to negotiate the definitive agreement for the larger US$200m facility to drive forward development of our Rovina Valley copper-gold project," said Euro Sun CEO Grant Sboros.

The company has so far delivered drawn down utilization requests for the full US$2.5 million under the facility. Drawdowns are repayable by June 30, 2027.

Additionally, Euro Sun has signed a binding offtake agreement with Trafigura for volumes of up to 100% of commercial production for nine years or until minimum aggregate quantities of specified tonnages have been delivered. Under the agreement, some of Trafigura's rights to offtake volumes and tonnages will continue after prepayment or repayment of the facility.

Separately, Euro Sun said it has relocated its registered and head office to Vaughan, Ontario, from its former location in Toronto. The company said the new location better aligns with its current leadership and operational focus.