Orion Secures AU$2 Million Convertible Loan From Ratel Growth.

Orion Minerals Limited (ASX: ORN) has secured an AU$2 million unsecured convertible loan facility from long-time supporter Ratel Growth Pty Ltd, whose controlling shareholder is former Orion Director Thomas Borman. The loan aims to fund the advancement of Orion’s South African-based Prieska Copper Zinc Mine and Okiep Copper Project, as well as support working capital requirements.

The loan facility, bearing 12% annual interest, is structured to be set off against Ratel’s participation in any future capital raising by Orion before the repayment deadline of August 31, 2025. If shareholder approval is not obtained in time, repayment will be required in cash. This strategic funding reflects Ratel’s continued confidence in Orion’s long-term potential and its critical role in South Africa’s copper and zinc resource development.

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