Strategic exploration partnership with Bai Tau Minerals

Solidcore Resources plc (“Solidcore” or the “Company”) has extended a US$ 96 million investment loan to Bai Tau Minerals (“BTM”), a junior exploration company with a large portfolio of copper and gold projects in Kazakhstan.

“BTM is a team of experienced geology professionals working towards unlocking of Kazakhstan’s significant copper resource potential. Our agreement represents an efficient, industry-recognised financing mechanism, enabling our partner to accelerate the resource assessment. In turn, it provides us with strategiс risk-adjusted access to valuable green metals resources and BTM’s mineral exploration expertise”, said Vitaly Nesis, Group CEO of Solidcore Resources plc.

• Bai Tau Minerals has a portfolio of over 15 copper-porphyry and gold projects across Kazakhstan covering the license area of over 1,000 km², with Besshoky (Karaganda region) and East Balkhash-2 (Jetisu region) being two major assets at the most advanced stage with a large resource base potential.

• Solidcore has provided US$ 96 million loan secured by the pledge of interest in BTM and its subsidiaries financed with the loan, which BTM will use towards exploration.

• The three-year loan term together with broad access to BTM’s financial and technical data will enable more accurate project valuation, and support duly informed and timely decisions for any future acquisitions or investments.

• As part of the investment, Solidcore has gained a right-of-first-refusal (“ROFR”) on any transaction involving ownership interests in BTM or its subsidiaries financed with the loan, providing the Company with strategic exclusivity on key assets.

• The partnership with BTM has a strong strategic focus as the Company secures exposure to potentially large copper resources discovery, while retaining limited downside risk and optionality on the future position in the project.