Orvana Minerals Corp. announced approval for its second bond issuance by its Bolivian subsidiary, EMIPA, totaling US$24.98 million. The EMIPA Bonds II Issuance will fund the Oxides Stockpile Project to restart operations at the Don Mario property in early 2026. The fixed 10% annual interest rate bonds mature in February 2027, with a 180-day offering period beginning on August 28, 2025. CEO Juan Gavidia stated the bond issuance is crucial for funding the project. ORV.TO closed at $0.55 on the Toronto Stock Exchange, up 1.85%. Additional financing may be needed for full project development.

Read more at Nasdaq.: Orvana Subsidiary Secures Approval For $25 Mln Bond To Advance Don Mario Oxides Project