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Latest News: Orion Minerals Ltd. ORIONMIN [ORN]

Thu, 20 Nov 2025	Official Announcement [WDW]
OrionMin - offtake with Glencore financing update Orion Minerals Ltd. provided an update to its ASX/JSE announcement on 17 September 2025, in which its subsidiary, Prieska Copper Zinc Mine (Pty) Ltd. (PCZM), signed a non-binding term sheet with a wholly owned subsidiary of Glencore plc (Glencore) for financing of USD200 million to USD250 million and concentrate offtake (Offtake) for the Prieska project. The terms of the financing are detailed in the announcement. Glencore has advised that its technical and financial due diligence is in its final stages and legal due diligence is largely completed. Glencore and Orion are also finalising binding terms and documentation for the concentrate offtake and financing. Execution of binding documentation, including the Intercreditor Agreement and other associated documentation are expected by the middle of December 2025.
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