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Financings

ORVANA ANNOUNCES US$25 MILLION PREPAYMENT AND OFFTAKE AGREEMENTS WITH TRAFIGURA

By The Northwire Desk — AI Analysis Nov 06, 2025 · 20:00 ORV · 1.22 Orvana Minerals Corp.
ORV · Price

Executive Summary

  • Orvana Minerals’ Bolivian subsidiary, EMIPA, closed a US$25 million secured pre‑payment facility with Trafigura, providing full funding to complete the Don Mario plant expansion.
  • Simultaneously, EMIPA entered into offtake agreements with Trafigura for 100 % of the life‑of‑mine copper cathode and doré bar production from the Don Mario operation, pricing tied to LME/LBMA benchmarks.
  • The financing and marketing contracts remove capital constraints and secure revenue streams, positioning the plant for commissioning in early 2026.

Key Details

  • Prepayment Facility
  • Amount: US$25 million secured loan from Trafigura.
  • Interest rate: SOFR + 8 % per annum.
  • Term: 13 months (7‑month interest‑only period, followed by six months of equal monthly principal repayments).

  • Security: Pledge of EMIPA ordinary shares and certain other assets; covenants restrict distributions while facility is outstanding.

  • Use of Proceeds

  • Fully fund the remaining capital required to complete the Don Mario processing plant expansion.

  • As of end‑October 2025, 69 % of forecasted CAPEX has been disbursed; construction on track for year‑end completion and early‑2026 commissioning/start‑up.

  • Offtake Agreements

  • Counterparty: Trafigura Pte. Ltd.
  • Scope: Sale of 100 % of life‑of‑mine copper cathodes and doré bars produced from the Don Mario oxide stockpile.

  • Pricing: Based on reference prices to the London Metal Exchange (LME) for copper and the London Bullion Market Association (LBMA) for gold/silver content.

  • Operational Update

  • EMIPA is conducting on‑site pilot testing to finalize recovery estimates; updated production and cost guidance will be issued after testing completion.

  • Project updates for Bolivia and Argentina, along with Q4 FY2025 consolidated operational/financial highlights, are slated for release in early December 2025.

  • Regulatory Filing

  • EMIPA filed its unaudited Q4 FY2025 financial statements with Bolivia’s ASFI regulator; documents available via the ASFI portal.

Notable Quotes

“Securing this prepayment facility and offtake arrangement with Trafigura is a significant milestone in the restart of Don Mario. The financing allows us to complete plant construction and provides marketing certainty for our copper cathode and doré production.” – Juan Gavidia, CEO, Orvana Minerals

Read the original news release →

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