Oslo, Norway, 16 June 2025: Norsk Titanium AS (Euronext: NTI, OTCQX: NORSF) (the “Company”) announces that it has entered into a loan agreement with Claret Capital Partners Ltd. (“Claret”) for a term loan facility of up to USD 10 million (the “Loan Facility”). The facility from its growth credit fund, Claret European Specialty Lending Company Annex Fund I, will support the Company’s working capital requirements and general corporate purposes and adds financial flexibility as the company progresses towards its stated operational targets.
“We value our long-standing relationship with Claret and are pleased to continue building on that collaboration,” said Ashar Ashary, CFO of Norsk Titanium.
“We are happy to work with the team at Norsk Titanium again and have seen significant progress toward commercialization over the years,” said Daniel Mallon, Principal at Claret.
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About Norsk Titanium
Norsk Titanium is a global leader in metal 3D printing, innovating the future of metal manufacturing by enabling a paradigm shift to a clean and sustainable manufacturing process. With its proprietary Rapid Plasma Deposition® (RPD®) technology and installed production capacity to generate annual revenues of approximately USD 300 million, Norsk Titanium offers cost-efficient 3D printing of value-added metal parts to a large addressable market. RPD® technology uses significantly less raw material, energy, and time than traditional energy-intensive forming methods, presenting customers with an opportunity to better manage input costs, logistics, and environmental impact. RPD® printed
parts are already flying on commercial aircraft, and Norsk Titanium has gained significant traction with large defense and industrial customers.