Orvana's EMIPA places $24.98M (U.S.) bonds in Bolivia

Executive Summary

• Orvana Minerals’ Bolivian subsidiary, Empresa Minera Paititi S.A. (EMIPA), completed a full placement of its US$24.98 million EMIPA Bonds II on the opening day of trading on the Bolivian Stock Exchange.
• Net proceeds are earmarked for the Don Mario Oxides Stockpile Project (OSP) to fund construction and target restart of production in early 2026.
• The bond issuance was offered exclusively by EMIPA; Orvana itself did not receive any proceeds.

Key Details

• Issuance amount: US$24.98 million (EMIPA Bonds II).
• Placement status: 100 % placed on the first day of trading (opening day) on the Bolivian Stock Exchange.
• Use of proceeds: Allocation to the Oxides Stockpile Project (OSP) at Don Mario, Bolivia, to finance construction and enable production restart in early 2026.
• Offering structure: Best‑efforts offering conducted exclusively by EMIPA; no securities were offered or proceeds received by Orvana Minerals Corp. directly.
• Regulatory background: EMIPA received regulatory approval for the bond issuance on August 27, 2025 and announced the offering on August 29, 2025.
• CEO comment: Juan Gavidia highlighted market confidence in the Don Mario project and reaffirmed the objective to move ahead with construction.

Notable Quotes

“We are very pleased to announce that the entire bond issuance was successfully placed on its first day of trading. 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.” – Juan Gavidia, CEO, Orvana Minerals Corp.