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Orion Minerals Converts IDC Loan to 23.8% Equity in Prieska Subsidiary
9:04am on Friday 29th of May, 2026 AEST
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Mining
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Orion Minerals Converts IDC Loan to 23.8% Equity in Prieska Subsidiary
9:04am on Friday 29th of May, 2026 AEST
Key Points
IDC converts ZAR344.5 million loan to equity in PCZM HoldCo
IDC now holds 23.8% equity in PCZM HoldCo, 16.7% effective in Prieska
All secured lending and associated security released
Conversion strengthens strategic partnership ahead of Glencore financing
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