Zhiyuan Holdings (00990) and Gold Valley Pilbara Pty Ltd signed a loan agreement with a capital of 6 million US dollars

Zhitong Finance App News, Zhiyuan Holdings (00990) announced that on December 1, 2025, the company signed a loan agreement with the borrower Gold Valley Pilbara Pty Ltd. The company agreed to provide the borrower with a loan amount of US$6 million (approximately HK$46.8 million) for a period of 12 months from the date of initial use.

The acquisition of an interest in the Bella Bella Vanadium project is part of the Group's long-term strategic vision for the Australian natural resources market. This move will allow the Group to diversify its business, support global business development, and promote future investments in Australia. Australia accounts for about 24% of the world's iron titanite resources. The metal is increasingly being used in large-scale power grids and redox flow batteries.

The company learned that shareholders of the target company BBI Group Pty Ltd (the company that owns all assets of the Balla Balla Vanadium project) are anxious to sell the target company and that any sale of relevant interests to foreign buyers must (among others) obtain approval from the Australian Foreign Investment Review Board. Given the time limit to complete the sale, the borrower (as an Australian entity) agreed to take on a loan to finance its acquisition of the target company. Once the transaction is completed, the target company can then seek approval from the Australian Foreign Investment Review Board to allow the company to acquire 40% of the target company's interests. As a result, the company agreed to provide loans to borrowers in the current structured manner without accruing interest because after the borrower completes the acquisition of the target company, the company will have the right to acquire 40% of the target company's interests.