Adventus Mining Corporation announces that it has entered into definitive agreements that constitute the Offtake Financing Agreement (the OFA) with Trafigura Pte Ltd. (Trafigura) which secures up to USD 55 million towards the advancement of the El Domo-Curipamba copper-gold project (the El Domo Project). This follows the binding commitment by Adventus Mining and Trafigura previously announced on January 17, 2022, together with the financial commitment by Wheaton Precious Metals Corp. (Wheaton).

Pursuant to the OFA, Trafigura will provide Adventus Mining with a senior debt facility (the Facility) of USD 45 million, USD 5 million of which can be paid on an early deposit basis to be used for pre-construction activities at the El Domo Project. The remainder of the cash consideration is payable in two (2) staged installments during future construction of the El Domo Project, subject to certain customary conditions precedent being satisfied. Facility has a 5-year term, at an annual interest rate equal to SOFR (subject to a 0.5% SOFR floor) plus an 8% interest margin (and a credit adjustment spread of 0.10%).