{
  "id": 10765938,
  "title": "Atico Mining secures $95M financing for La Plata project",
  "url": "https://urgent.news/2026/09/29/atico-mining-secures-95m-financing-for-la-plata-project",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T19:20:47.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/atico-mining-secures-95m-financing-for-la-plata-project-93CH-4923373"
  },
  "original_language": "en",
  "account": "VANCOUVER - Atico Mining Corporation has secured $95 million in financing for its La Plata gold and copper project located in Ecuador. Trafigura PTE. Ltd. has established a $95 million project finance facility with the company to cover construction and development costs. In addition, Trafigura has offered a $16.4 million convertible debenture to Atico Mining, which can be exchanged for common shares at $0.22 per share, offering a 40% premium compared to the recent trading value. The debenture matures five years and one day after issuance and carries interest rates of 7.0% or 10.0%, depending on whether payments are made in cash or shares. The funds from the debenture will be used to settle existing debts and support pre-construction activities for the La Plata project. The financing agreement includes customary financial covenants and security over the La Plata project's assets. Both transactions require approval from the TSX Venture Exchange and are set to close on or around October 13, 2026.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}