08:20 AM EDT, 09/02/2025 (MT Newswires) -- Orvana Minerals ( ORVMF ) on Tuesday said that its Bolivian unit, Empresa Minera Paititi S.A. (EMIPA), successfully completed the full placement of its second bond issuance in Bolivia.

A statement said that proceeds of the EMIPA Bonds II Issuance will be allocated to the Oxides Stockpile Project (OSP). It noted closing of the EMIPA Bonds II Issuance follows its Aug. 29, announcement that EMIPA had received regulatory approval for the US$24.98 million issuance.

"The full placement on opening day reflects market confidence in the Don Mario Oxides Stockpile Project and reinforces our objective to move ahead with the construction process, with the goal of restarting production at Don Mario in early 2026," said Orvana Minerals ( ORVMF ) Chief Executive Juan Gavidia.

The company said that additional funding will be required to fully finance the development of the OSP.

Shares of the company closed up 1.9% to $0.550 on Friday on the Toronto Stock Exchange.