Atico Mining Completes $16.4 Million Financing With Trafigura

05:03 PM EDT, 10/15/2026 (MT Newswires) -- Atico Mining (ATY.V) after trade Thursday said it has completed a $16.4 million secured convertible debenture financing with an affiliate of Trafigura. The financing includes about $12.48 million in new funds and the conversion of about $3.52 million in existing debt, it said, adding that the debenture can be converted into Atico shares at $0.22 per share, with a maturity of five years and one day. The company said it will use part of the proceeds to fully repay its 12% unsecured subordinated debenture owed to Dundee Corporation. The remaining funds will support pre-construction work at its La Plata project and general corporate purposes. The company also settled $2.5 million of debt owed to Trafigura by issuing 16.15-million shares at a deemed price of about $0.1548 per share. "Atico has now repaid in full the existing Trafigura credit agreement, and no further amounts are owing thereunder," it added. Shares of Atico Mining were up 2.4% at CA$0.215 on the TSX Venture Exchange.