Lysaker, Norway - April 13, 2026 - REC Silicon ASA (“REC Silicon”) announced today that it has extended an unsecured USD 7.0 million short-term loan with Anchor AS.
Anchor AS is REC Silicon’s largest shareholder and is a wholly owned subsidiary of Hanwha Corporation and Hanwha Solutions. The original loan closed on October 13, 2025. The new maturity date of the extended loan is October 13, 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 has yet been finalized or guaranteed.