05:18 AM EDT, 08/17/2026 (MT Newswires) -- Unicorn Mineral Resources (UMR.L) said Monday it formalized legal documentation for an unsecured 1.3 million-pound-sterling loan facility from Electro Automation, a company controlled by its chairman. The mineral exploration and development company intends to fully draw down the facility immediately after signing an agreement to acquire the Klein Aub Copper Mine in Namibia. The loan carries a 3% establishment fee and annual interest of 10%, payable at maturity one year after the first drawdown. At the lender's request, the principal amount, interest, and establishment fee may be converted upon redemption into ordinary shares of Unicorn Mineral Resources at a 10% discount to the 30-day volume-weighted average share price before conversion. Proceeds will be used to advance the next phase of work programs at Klein Aub, as well as for working capital requirements and general operational expenditures.

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