Anning Iron & Titanium secures loan for project acquisition

Sichuan Anning Iron and Titanium Co., Ltd. (Anning Iron & Titanium) has announced the progress of its merger and acquisition (M&A) loan application. On September 19, 2025, the company's sixth board of directors approved applying for an M&A loan of up to CNY 3 billion from a syndicate of six banks, including Industrial and Commercial Bank of China and Postal Savings Bank of China, with a loan term of 84 months.

The loan is secured by the mining rights of Jingle Mineral's Xiaoheigou Iron Mine and 100% equity pledges of Jingle Mineral, Panzhihua Liyu Mining Co., Ltd., and Huili Hongxin Industrial and Trading Co., Ltd. Anning Iron & Titanium has completed the 100% equity pledge procedures for these three entities.

This M&A loan is crucial for Anning Iron & Titanium to successfully complete the restructuring of Jingle Mineral and the other two companies. The company states this financing aligns with its development plans, poses no significant financial risks, and will not harm the interests of the company or its shareholders. The syndicate loan and the related pledge agreements have been signed in September 2025.