Lysaker, Norway - May 14, 2026 - REC Silicon ASA (“REC Silicon”) announced today that it has extended an unsecured USD 13.0 million short-term loan agreement with Anchor AS.
Anchor AS is REC Silicon’s largest shareholder and is a wholly owned subsidiary of Hanwha Corporation and Hanwha Solutions. This loan was extended through the existing USD 13.0 million short-term loan, which originally closed on November 14, 2025. The maturity date of the extended loan is November 14, 2026.
REC Silicon does not have sufficient available cash to meet debt service and other anticipated operating cash flow requirements going forward without the continued support of the major shareholder, Hanwha, or additional sources of capital. Therefore, it will soon require additional financing beyond this loan, either from Hanwha or from other sources of capital, none of which have yet been finalized or guaranteed.