TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX:ESM) ("Euro Sun" or the "Company") is pleased to announce that it has entered into definitive agreements to amend and restate the pre-development facility agreement that the Company executed with Trafigura Pte Ltd. (the "Trafigura") effective July 10, 2025 (as amended and restated, the "Multi-Facility Agreement"), to secure up to US$200m towards the advancement of and future construction at the Rovina Valley copper-gold project in Romania (the "Project"). Trafigura intends to assist the Company in sourcing additional financing upon reaching the construction phase of the Project.

Key Terms

Pursuant to the Multi-Facility Agreement, the first tranche ("Tranche A") was fully drawn down in mid-2025. An additional US$17.5m tranche ("Tranche B") may be drawn down by June 30, 2027, and the final US$180m may be drawn down by June 30, 2031 ("Tranche C"), in each case provided several conditions have been satisfied, including, among others, completion of requisite land purchases and environmental and social impact assessments and receipt by the Company of regulatory authorizations. Drawdowns under Tranche A and Tranche B are repayable on June 30, 2027 (subject to automatic extensions in certain circumstances); drawdowns under Tranche C are repayable on June 30, 2031. Subject to a capitalization option, interest is payable quarterly on the outstanding amount owing under the facility, calculated based on a market rate of interest. The facility is secured by all present and after-acquired assets of the Company and its subsidiaries.

Warrants

In addition, the Company has issued 22m warrants (the "Warrants") to Trafigura, of which 2.75m vested immediately, 2.20m vest upon a draw down by under ...