India, Aug. 29 -- Orvana Minerals Corp. (ORV.TO) announced that its Bolivian subsidiary, Empresa Minera Paititi S.A. - EMIPA, has obtained approval for its second bond issuance, totaling US$24.98 million.
The EMIPA Bonds II Issuance will be offered through the Bolivian Stock Exchange starting early September 2025 and is intended to fund the Oxides Stockpile Project or OSP, a key step toward restarting operations at the Don Mario property in early 2026.
The financing will support processing of existing oxide stockpiles via plant expansion at Don Mario. Proceeds will go exclusively to EMIPA, as Orvana itself is not issuing securities or receiving funds from this offering.
The bonds, denominated "Bonos Emipa II," carry a fixed 10% annual in...