US$ 100 million credit facility from KfW IPEX-Bank 02.09.2026, 09:47 Uhr von EQS News Jetzt kommentieren: 0

Solidcore Resources plc (“Solidcore” or the “Company”) is pleased to announce that following the signing of the indicative term sheet with KfW IPEX-Bank in February 2026, the Company secured a seven-year credit facility of US$ 100 million to finance construction of the Ertis POX project including infrastructure, equipment and engineering costs. The facility has a grace period of three years and six months and the repayment will start in 2030.

“Our agreement with KfW IPEX-Bank to finance Ertis POX construction marks an important milestone for the project. This is a meaningful addition to the previously announced syndicate financing of US$ 600 million which further demonstrates the strong confidence of our international financial partners in our strategy and long-term vision”, said Evgenia Onuschenko, CFO of Solidcore Resources plc.

About Ertis POX

Ertis POX is Kazakhstan’s first large-scale and high-tech full-cycle pressure oxidation plant for refractory ore processing in the country. Capital expenditures for the project are estimated at US$ 978 million and will be funded through a combination of the Company’s operating cash flow and bank financing. New POX facility will process up to 300,000 tons of gold-bearing concentrate and produce up to 500 Koz of gold in dore alloy per year. It is intended to create approximately 500 permanent new jobs in the region and 1,000 jobs during the construction period.

About KfW IPEX-Bank

KfW IPEX-Bank is a leading German and international project and export finance bank, founded in 2008 as a wholly owned subsidiary of the state-owned KfW Group. With a strong European foundation and a global presence, it supports German and European companies in key sectors including infrastructure, energy, transport, and industrial projects. The bank provides tailored financing solutions, backed by deep sector expertise and a clear focus on sustainability and responsible financing.

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.

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