(AOF) – Auplata Mining Group announces the conclusion of an amendment to the contract for the issuance of bonds redeemable in cash and/or new and/or existing shares (the “Ornane”) concluded on September 12, 2022 with an investment fund. investment represented by Yorkville Advisors Global LP, to extend the maturity of the 35 outstanding Ornane bonds. Under the terms of the contract, the initial maturity of the Ornane was set at 3 months from the issue of the Ornane, i.e. until January 14, 2023.
Under the terms of the Amendment to the Contract, the maturity of the outstanding Ornane bonds is postponed by an additional 3 months, i.e. until April 14, 2023.
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An ecological transition that drives metal prices
The ecological transition is driving demand and driving up prices. Thus lithium prices jumped 100% last year, supported by sales of electric cars. The needs for metals such as aluminum, copper, graphite, or nickel should soar by 2050. The war in Ukraine has reinforced the rise in prices because Russia is a major producer of mineral raw materials , in particular aluminium, palladium, nickel and titanium. The International Energy Agency (IEA) recently warned of the risk of a shortage of several metals necessary for the energy transition. Europe has mobilized on strategic metals with the aim of strengthening its sovereignty.
