Euro Sun Enters Into Multi-Facility Agreement With Trafigura to Secure Up to US$200m for Development of Rovina Valley Copper-Gold Project

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TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) — Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that it has entered into definitive agreements to amend and restate the pre-development facility agreement that the Company executed with Trafigura Pte Ltd. (the “Trafigura”) effective July 10, 2025 (as amended and restated, the “Multi-Facility Agreement”), to secure up to US$200m towards the advancement of and future construction at the Rovina Valley copper-gold project in Romania (the “Project”). Trafigura intends to assist the Company in sourcing additional financing upon reaching the construction phase of the Project.

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Key Terms

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Pursuant to the Multi-Facility Agreement, the first tranche (“Tranche A”) was fully drawn down in mid-2025. An additional US$17.5m tranche (“Tranche B”) may be drawn down by June 30, 2027, and the final US$180m may be drawn down by June 30, 2031 (“Tranche C”), in each case provided several conditions have been satisfied, including, among others, completion of requisite land purchases and environmental and social impact assessments and receipt by the Company of regulatory authorizations. Drawdowns under Tranche A and Tranche B are repayable on June 30, 2027 (subject to automatic extensions in certain circumstances); drawdowns under Tranche C are repayable on June 30, 2031. Subject to a capitalization option, interest is payable quarterly on the outstanding amount owing under the facility, calculated based on a market rate of interest. The facility is secured by all present and after-acquired assets of the Company and its subsidiaries.

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Warrants

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In addition, the Company has issued 22m warrants (the “Warrants”) to Trafigura, of which 2.75m vested immediately, 2.20m vest upon a draw down by under Tranche B, and the remaining 17.05m vest upon a drawn down under Tranche C. Each Warrant entitles Trafigura to acquire one common share at a price of $0.50 per Warrant until June 30, 2029, provided Trafigura may elect a net cash settlement option, which shall be subject to certain payment deferral rights.

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The proposed transactions described in the Multi-Facility Agreement (the “Transactions”) are arm’s length for purposes of the policies of the Toronto Stock Exchange (“TSX”). The issuance of the Warrants is subject to receipt by the Company of final TSX approval. No finder’s fees are payable in connection with the Transactions.

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Mr. Grant Sboros, CEO of Euro Sun, commented: “I am very pleased to report that we have worked hard alongside Trafigura to secure the US$200m facility. Securing this funding marks an important milestone in reinforcing our balance sheet and progressing our short and long-term development strategy and will be instrumental in advancing our flagship Rovina Valley copper-gold project.”

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About Euro Sun Mining Inc.

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Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100%-owned Rovina Valley Project located in west-central Romania, which hosts the second largest copper & gold deposit in Europe. Already granted European strategic status, the Rovina Valley Project is expected to unlock much needed investment and job creation in Hunedoara County and will deliver critical minerals necessary for Europe’s green energy transition.