Great news today with Andean American. Trafigura has taken an equity investment in the amount of $3,000,000 and has long term off-take agreements for the sale of the Invicta project’s copper, lead and zinc concentrates. The Company and Trafigura also intend to negotiate a project finance, cost overrun and working capital facility for up to US $15 million. They have a conditional option to acquire up to an additional 16% of Andean American, and if exercised, Trafigura could enter into a technical services agreement which will assist Andean American in putting Invicta into production including negotiation of a project finance facility.
See the news release for all details.
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