• Black Rock extends US$204m debt facility to November 2026
• Facility provides financial runway to complete equity investment
• Banking syndicate remains unchanged with CRDB, DBSA, and IDC

Black Rock Mining Limited (ASX: BKT) has secured an extension to its US$204 million credit facility agreement, extending the deadline for Financial Close to 30 November 2026. The extension provides the company with the necessary financial runway to finalize the remaining equity investment required to fully fund the development of the Mahenge Graphite Project in Tanzania. The banking syndicate for the facility agreement remains unchanged, including CRDB Bank PLC as the facility agent, Development Bank of Southern Africa Ltd (DBSA), and the Industrial Development Corporation of South Africa Ltd (IDC). These facilities are in addition to the up to US$50 million in funding from strategic partner POSCO.

Black Rock expects to complete the remaining equity funding structures required to fully fund the development of the Mahenge Graphite Project.

The extension aligns Black Rock's debt timeline with ongoing commercial and equity discussions, ensuring a stable and robust framework to finalize the full funding package for the project.