The Prospector News

Inca One Exercises $3M Drawdown Option of OCIM Gold Pre-Payment Facility

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Inca One Exercises $3M Drawdown Option of OCIM Gold Pre-Payment Facility






INCA ONE GOLD CORP. (TSX-V: INCA) (OTCQB: INCAF) (FSE: SU92) a gold producer operating two, fully permitted, mineral processing facilities in Peru, announces it has exercised its drawdown option of US$3.0 million from OCIM Precious Metals SA. All figures reported herein are stated in US dollars, unless otherwise indicated.


As previously reported in the Company’s August 9, 2021 press release, Inca One secured a $9.0 million, non-dilutive, gold pre-payment facility from OCIM, payable in two tranches. The first tranche was for $6.0 million, and the second tranche of $3.0 million was to be made available at Inca One’s request after certain conditions were met.


Due to the continued increase in the demand for mineral processing observed by Inca One, OCIM has agreed to the early drawdown of the second tranche by the Company. This $3.0 million in additional working capital is anticipated to increase gold-bearing mineral purchases, helping drive further production growth.


Inca One also reports that it has engaged David Skarica of to provide the Company marketing services. The term of the engagement is for six months commencing December 1, 2021, and for a total fee of C$40,000.


About Inca One


Inca One Gold Corp is an established gold producer operating two fully permitted gold mineral processing facilities in Peru. The Company possesses a combined 450 tonnes per day permitted operating capacity at its two fully integrated plants, Chala One and Kori One and has produced in excess of 100,000 ounces of gold, generating over US$125 million in sales from its processing operations. Inca One is led by an experienced and capable management team that has established the Company as a trusted leader in servicing government permitted, small-scale and artisanal miners (ASM) in Peru. Peru is one of the world’s largest producers of gold and its ASM sector is estimated by government officials to be valued in the billions of dollars annually.


Figure 1. Inca One’s gold processing facilities in Peru (left: Chala One facility; right: Kori One facility)


Posted December 10, 2021

Share this news article


Collective Announces Closing of C$30 Million Bought Deal Financing

Collective Mining Ltd. (TSX-V: CNL) (OTCQX: CNLMF) is pleased to ... READ MORE

March 22, 2023

Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern Ontario

Ultra Lithium Inc. (TSX-V:ULT) (OTCQB: ULTXF) (Frankfurt: QFB) is... READ MORE

March 22, 2023

Discovery Intercepts 241 g/t AgEq over 39 m in Feasibility Study Drilling at Cordero

Discovery Silver Corp. (TSX: DSV) (OTCQX: DSVSF) is pleased to an... READ MORE

March 22, 2023

SKRR Exploration Inc. enters into Acquisition Agreement for the Disposition of the Watts Lake Zinc Property in Saskatchewan

SKRR Exploration Inc. (TSX-V: SKRR) (FSE: B04Q) is pleased to an... READ MORE

March 22, 2023

Robex Announces the Signing of the US$ 35 Million Bridge Facility With Taurus

Robex Resources Inc. (TSX-V: RBX) (FRA: RB4) is pleased to announ... READ MORE

March 22, 2023

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2023 The Prospector News