<p>Engebø项目已过建设阶段，进入生产提升阶段。在 7 月份计划的维护和改造停工后，处理厂正在提高产量和矿物回收率。工厂的主要部分目前以设计产能运行，包括破碎和磨矿环节，而最后阶段的干法厂生产最终的钛铁矿和石榴石产品，由于在第三季度后期遇到的一些操作和技术困难，产量和正常运行时间较低。钛铁矿和石榴石的生产均符合客户规格，但产量较低，无法在年底前提供完整的钛铁矿货物。因此，收入仍然有限。</p>
<p>为了解决操作和技术问题，Engebø Rutile and Garnet（ERG）将进行运营审查，并从我们的两位客户 Iwatani 和 The Barton Group 引入相关的钛铁矿和石榴石处理经验，后者将派遣人员，直到年底提供在提升最终产品产量方面的专业知识。同时，采取措施重新设计干法厂内一段物料转运设备，以实现更高的产量。石榴石的运输仍在继续，而第一批钛铁矿预计将在 2026 年第一季度可用。我们的目标是在 2026 年第二季度末达到设计产能。</p>
<p>为应对延迟带来的财务影响，ERG 今天通过书面决议召集债券持有人会议，提议在 Engebø Rutile and Garnet AS 12.5% Senior Secured Bonds 2022/2027 下发行 2250 万美元的增发，ISIN 为 NO0012734112，定价为面值的 98.00%。持有超过 80% 债券总未偿还本金的现有债券持有人已表示支持该提案。</p>
<p>在书面决议获得批准后，增发后的债券总未偿还金额为 1.555 亿美元。债券发行所得款项的一半将用于覆盖与提升延迟相关的额外成本，其余部分作为财务缓冲。</p>
<p>有关 ERG 拟议增发的更多信息，请参见随附的书面决议通知。</p>
<p>Clarksons Securities 担任增发的管理人和账簿管理人。</p>
<p>奥斯陆，2025 年 9 月 25 日</p>
<p>本证券交易所通知包含根据欧盟市场滥用法规的内部信息，并受挪威证券交易法第 5-12 条的披露要求的约束。</p>
<p>https://newsweb.oslobors.no/message/656171</p>

<p>Engebø Rutile and Garnet AS 宣布，由于生产 ramp-up 阶段的操作和技术困难，首批钛矿货物的交付将延迟。公司正在通过运营审查以及 Iwatani 和 The Barton Group 的支持来解决这些问题。已召集债券持有人会议，讨论提议的 2250 万美元增发，以覆盖额外成本，现有债券持有人支持该提案。债券的总未偿还金额将上升至 1.555 亿美元，其中一半的收益将用于补偿 ramp-up 延迟</p>

<p>The Engebø Project is past the construction phase and is in the productionramp-up phase. After the planned maintenance and modifications downtime in July, theprocessingplant is ramping up the throughput and mineral recoveries. Major parts of theplant are currently operated at design capacity, including the crushing andmilling circuits, whereas the last stage, the dry plant which produces thefinalrutile and garnet products, have lower throughput and uptime due to someoperational and technical difficulties experienced in the latter part of thethird quarter. Both rutile and garnet are produced in accordance withcustomerspecifications but at low volumes and insufficient for a full cargo of rutilebefore year end. Consequently, revenues remain limited.</p>
<div class="lb-trans"><p>Engebø项目已过建设阶段，进入生产提升阶段。在 7 月份计划的维护和改造停工后，处理厂正在提高产量和矿物回收率。工厂的主要部分目前以设计产能运行，包括破碎和磨矿环节，而最后阶段的干法厂生产最终的钛铁矿和石榴石产品，由于在第三季度后期遇到的一些操作和技术困难，产量和正常运行时间较低。钛铁矿和石榴石的生产均符合客户规格，但产量较低，无法在年底前提供完整的钛铁矿货物。因此，收入仍然有限。</p>
</div><p>To address the operational and technical issues, Engebø Rutile and Garnet (ERG) will carry out an operational review and bring on site relevant rutile andgarnet processing experience from two of our customers: Iwatani and The BartonGroup will second personnel that will be available through the end of the yearto provide expertise in ramping up the volumes of final products. Action isalsotaken to redesign a segment of the material transfer equipment within the dryplant to enable higher volume throughput. Garnet shipments continue whereasthefirst cargo of rutile is expected to be available in the first quarter of2026.Our stated goal is reaching design capacity in late second quarter 2026.</p>
<div class="lb-trans"><p>为了解决操作和技术问题，Engebø Rutile and Garnet（ERG）将进行运营审查，并从我们的两位客户 Iwatani 和 The Barton Group 引入相关的钛铁矿和石榴石处理经验，后者将派遣人员，直到年底提供在提升最终产品产量方面的专业知识。同时，采取措施重新设计干法厂内一段物料转运设备，以实现更高的产量。石榴石的运输仍在继续，而第一批钛铁矿预计将在 2026 年第一季度可用。我们的目标是在 2026 年第二季度末达到设计产能。</p>
</div><p>To address the financial impact of the delay, ERG has today called for abondholder meeting by way of written resolution for proposed tap issue of USD22.5 million under the Engebø Rutile and Garnet AS 12.5% Senior Secured Bonds2022/2027 with ISIN NO0012734112 priced at 98.00% of par. Existing holders of bonds representing more than 80% of the total outstandingprincipal amount of the bonds have granted their support of the proposal.</p>
<div class="lb-trans"><p>为应对延迟带来的财务影响，ERG 今天通过书面决议召集债券持有人会议，提议在 Engebø Rutile and Garnet AS 12.5% Senior Secured Bonds 2022/2027 下发行 2250 万美元的增发，ISIN 为 NO0012734112，定价为面值的 98.00%。持有超过 80% 债券总未偿还本金的现有债券持有人已表示支持该提案。</p>
</div><p>Subject to the approval of the written resolution, the total outstandingamountunder the Bonds following the tap issue is USD 155.5 million. About half oftheproceeds from the bond issue will be used to cover additional costs related tothe ramp-up delay with the remainder as a financial buffer.</p>
<div class="lb-trans"><p>在书面决议获得批准后，增发后的债券总未偿还金额为 1.555 亿美元。债券发行所得款项的一半将用于覆盖与提升延迟相关的额外成本，其余部分作为财务缓冲。</p>
</div><p>Further information on ERG's contemplated tap issue is given in the enclosednotice of written resolution.</p>
<div class="lb-trans"><p>有关 ERG 拟议增发的更多信息，请参见随附的书面决议通知。</p>
</div><p>Clarksons Securities acts as Manager and Bookrunner for the tap issue.</p>
<div class="lb-trans"><p>Clarksons Securities 担任增发的管理人和账簿管理人。</p>
</div><p>Oslo, 25 September 2025</p>
<div class="lb-trans"><p>奥斯陆，2025 年 9 月 25 日</p>
</div><p>This stock exchange notice contains inside information pursuant to the EUMarketAbuse Regulation and is subject to the disclosure requirements pursuant toSection 5-12 the Norwegian Securities Trading Act.</p>
<div class="lb-trans"><p>本证券交易所通知包含根据欧盟市场滥用法规的内部信息，并受挪威证券交易法第 5-12 条的披露要求的约束。</p>
</div><p>https://newsweb.oslobors.no/message/656171</p>
<div class="lb-trans"><p>https://newsweb.oslobors.no/message/656171</p>
</div>

Engebø Rutile and Garnet AS：首批金红石货物延迟，现有债券的增发问题