06:41 AM EDT, 08/29/2025 (MT Newswires) -- Orvana Minerals ( ORVMF ) on Friday said its Bolivian subsidiary, Empresa Minera Paititi, received approval for a US$25 million second bond issuance in Bolivia for the Oxides Stockpile Project at the Don Mario property.

The company has notified the Bolivian market that it will launch the bond offering in early September through the Bolivian Stock Exchange. The bonds are being offered exclusively by EMIPA.

Orvana is not offering any securities under this financing initiative and will not receive any proceeds from the bonds issuance.

The financing is expected to support EMIPA's advancement of the Oxides Stockpile Project, a central element of Orvana's strategy to restart operations at the Don Mario property. The project is designed to process existing oxide stockpiles at Don Mario by expanding the processing plant.

"Completion of the bond placement will be a significant milestone in securing the funding required to develop the project, which, if achieved as planned, would support our objective of restarting operations at Don Mario in early 2026," said Orvana CEO Juan Gavidia.