Betolar Plc
Press Release
30 June 2026 at 5:30 p.m. EEST
Betolar Plc enters into the EUR 3 million term loan announced on 23 June 2026
Betolar Plc announced on 23 June 2026 that it was negotiating an agreement regarding a EUR 3 million term loan with Danske Bank A/S, Finland Branch (the "Term Loan"). The agreement concerning the Term Loan in the amount of EUR 3 million has been entered into today on 30 June 2026. The Term Loan is intended to be used for financing the initial costs associated with the supply agreement entered into with Otanmäki Mine Oy and the related commitments to purchase tailings, as well as for general corporate purposes, and matures in November 2028. The Term Loan is secured by business mortgages in the amount of EUR 1.2 million and bears interest linked to the 6-month Euribor. The European Investment Fund (EIF) and Virala Oy Ab have provided guarantees for the Term Loan on market terms.
Betolar Plc
Board of Directors
For further information, please contact:
Mikko Wirkkala, CFO, Betolar Plc, +358 50 458 4190
About Betolar
Betolar is a circular economy and materials technology company. Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market (ticker: BETOLAR), and its shares are also traded in the United States on the OTCQX International marketplace (ticker: BTLRF). For more information www.betolar.com.