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     Latest News: Orion Minerals Ltd. ORIONMIN [ORN]
     Thu, 2 Apr 2026 Official Announcement [TZ] 
    OrionMin - conversion of IDC loan facility
    Orion announced that the Industrial Development Corporation of South Africa Ltd. (IDC) agreed to convert its R272.4 million shareholder loan into approximately 23.8% equity in its subsidiary, PCZM HoldCo. Following the conversion, IDC will hold an effective 16.7% interest in Orion and will cease being a secured lender, simplifying security arrangements for the Prieska Project. The transaction is subject to customary conditions, including approvals from relevant boards and funders. This move strengthens IDC’s support for Orion’s Prieska Project, targeting first production in 2027, and aligns with South Africa’s industrialisation objectives.
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