27.02.2025 07:50:03

US$ 100 million credit facility from Eurasian Development Bank


EQS Newswire / 27/02/2025 / 09:50 MSK

Solidcore Resources plc (“Solidcore” or the “Company”) is pleased to announce that it has entered into a revolving credit facility agreement with the Eurasian Development Bank for up to US$ 100 million.

“Securing this facility underscores the confidence of our financial partners in our business and long-term strategy. It enhances our liquidity position and provides the flexibility needed to support our growth initiatives, said Evgenia Onuschenko, CFO of Solidcore Resources plc.

About the Eurasian Development Bank

The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

About Solidcore

Solidcore Resources is a leading Gold producer registered in AIFC, Kazakhstan, and listed on Astana International Exchange. Solidcore operates two producing gold mines and a major growth project (Ertis POX) in Kazakhstan.

Enquiries

Investor Relations

Media

Kirill Kuznetsov

Alina Assanova

+7 7172 47 66 55 (Kazakhstan)

ir@solidcore-resources.com

Yerkin Uderbay

+7 7172 47 66 55 (Kazakhstan)

media@solidcore-resources.kz

FORWARD-LOOKING STATEMENTS

 

This release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

 

27/02/2025 Dissemination of a Financial Press Release, transmitted by EQS News.
The issuer is solely responsible for the content of this announcement.

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