PPX Mining Extends Convertible Debenture Maturity Date

PPX Mining Corp. has announced the extension of its convertible debenture's maturity date, initially due on February 19, 2026. The new maturity date is set for December 31, 2026, following an agreement with RIVI Opportunity Fund LP. This extension is a part of the previously announced stream restructuring plan.

Brian Imrie, Executive Chairman of PPX Mining, stated that this deferral helps in maintaining the liability as non-current, thus not impacting the current working capital. It also provides additional time for completing plant construction and fulfilling obligations under the convertible note.

PPX Mining, based in Toronto, holds significant assets in northern Peru, with its flagship gold and silver project, Igor, situated in the Northern Peru gold belt.