K92 Mining Announces Upsized Senior Secured Credit Facilities of Up to US$150 Million and Offtake Agreement with Trafigura

VANCOUVER, British Columbia, June 19, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) is pleased to announce that K92 and its Papua New Guinea subsidiary, K92 Mining Limited (“K92 PNG”), have entered into two separate credit facilities (the “Credit Facilities” and individually the “Canadian Credit Facility” and the “PNG Credit Facility”, respectively) with Trafigura Pte Ltd (“Trafigura”). The Credit Facilities replace the previous loan agreement with Trafigura announced in September 2023 (see September 26, 2023 press release) (the “2023 Loan Facility”) and upsize, on an aggregate basis, the 2023 Loan Facility amount from US$100 million to US$120 million, with an accordion feature to increase the aggregate amount available under the Credit Facilities to US$150 million (the “Accordion Feature”). The key terms of the Credit Facilities are set out below.