VANCOUVER, BC, July 9, 2025 /PRNewswire/ – Aris Mining Corporation (TSX: ARIS; NYSE-A: ARMN) issued a reminder to holders of its TSX-listed warrants (Symbol: ARIS.WT.A) that these instruments will expire at market close on July 29, 2025. Unexercised warrants after this date will become void and worthless.
The warrants present a financially attractive position for holders, currently trading “in-the-money”. With an effective exercise price of C$5.50 per share compared to Aris Mining’s closing share price of C$9.46 on July 8, 2025, exercising offers immediate value capture.
Approximately 48.2% of the originally issued warrants have already been exercised to date, generating C$77.0 million (approximately US$56 million) for the company. Should the remaining 30.2 million warrants be exercised before the deadline, Aris Mining stands to receive an additional C$83.0 million (approximately US$61 million), providing further capital strength.
Neil Woodyer, CEO of Aris Mining, framed the expiry within the company’s broader strategic objectives: “The upcoming warrant expiry marks the culmination of our efforts to simplify Aris Mining’s capital structure,” he stated. “From our inception in 2022, we’ve systematically addressed legacy convertible instruments. This proactive approach, combined with robust operational cash flow and proceeds from warrant exercises, has delivered a cleaner equity structure free of overhangs and significantly bolstered our financial position. As of June 30, we held over US$310 million in cash.”
Final Call for Warrant Holders
Investors holding warrants are urged to act promptly. Exercising requires coordination through brokers or financial advisors. Note that brokerage firms may set internal deadlines *earlier* than July 29th; holders must confirm and adhere to their specific broker’s cutoff times to ensure successful exercise before expiry.
Warrant Exercise Snapshot
Number of |
Underlying |
Proceeds from Exercise (C$ million) |
||
Originally outstanding |
58,168,755 |
29,084,377 |
C$160.0 |
|
Total exercised to July 7, 2025 |
28,008,776 |
14,004,388 |
C$77.0 |
|
% exercised |
48.2 % |
|||
Current outstanding |
30,159,979 |
15,079,989 |
C$83.0 |
|
________________________ |
1 Each Warrant entitles the holder to purchase 0.5 of a common share at an exercise price of C$2.75, equivalent to C$5.50 per full share for two warrants. |
Aris Mining: Building a Premier Latin American Gold Producer
Aris Mining was formed in September 2022 with a clear mandate: to build a leading Latin American gold mining company. Its strategy uniquely combines near-term cash flow from existing operations with substantial organic growth potential locked within its assets. Listed on the TSX (ARIS) and NYSE-A (ARMN), the company benefits from proven leadership skilled in value creation, operational efficiency, financial rigor, and corporate governance.
Currently operating two underground Colombian gold mines – Segovia and Marmato – which collectively produced 210,955 ounces in 2024, Aris Mining is actively implementing a significant expansion blueprint. The recently completed Segovia mill expansion (June 2025/H2 ramp-up) and the future Bulk Mining Zone development at Marmato (targeting H2 2026 ramp-up) are key drivers aiming to propel annual production beyond 500,000 ounces.
The company also holds a 51% stake in the Soto Norte joint venture, where exploration into a revised, potentially smaller-scale development plan is underway, with results anticipated in Q3 2025. In Guyana, Aris owns the Toroparu gold-copper project, which is also undergoing a reassessment via a new Preliminary Economic Assessment, expected in the same timeframe.
Recognizing Colombia’s rich endowment of high-grade gold, Aris Mining is pioneering partnerships with the country’s dynamic artisanal and small-scale mining sector to foster safe, legal, and environmentally sound practices, generating mutual value for communities and the company.
Beyond organic growth, Aris Mining maintains an active strategy to pursue acquisitions and other opportunities to enhance value through scale and diversification.
Forward-Looking Information
This news release contains forward-looking information within Canadian securities laws. Statements about the company’s projects, production targets (e.g., Segovia, Marmato expansion, Soto Norte, Toroparu), funding, strategy, and growth are inherently subject to risks and uncertainties. Factors are detailed in the “Risk Factors” section of Aris Mining’s March 12, 2025 Annual Information Form (www.sedarplus.ca) and SEC filings (www.sec.gov). While based on reasonable estimates, actual results could differ materially. The Company disclaims any obligation to update these statements as new information arises. Readers are advised not to rely unduly on forward-looking information.
View original content to download multimedia: https://www.prnewswire.com/news-releases/aris-mining-reminds-ariswta-warrant-holders-of-upcoming-expiry-302500752.html
SOURCE Aris Mining Corporation
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/4330.html