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REC Silicon ASA ( (RNWEF) ) has issued an update.
REC Silicon ASA has secured an unsecured USD 10 million short-term loan from Anchor AS, a Norwegian entity controlled by its two largest shareholders Hanwha Solutions and Hanwha Corporation, to address urgent operational capital needs. The facility, which mirrors the terms of a previous USD 13 million loan agreed in November 2025 and matures on 19 July 2026, underscores the company’s ongoing liquidity pressures, as REC Silicon acknowledges it lacks sufficient cash to meet debt service and operating requirements without continued backing from Hanwha or new external financing, none of which has yet been finalized, highlighting persistent funding risk for shareholders and creditors.
More about REC Silicon ASA
REC Silicon ASA is a Norway-based producer of advanced silicon materials, supplying high-purity silicon gases to the global solar and electronics industries. Leveraging more than 40 years of experience and proprietary technology, the company serves customers worldwide and is listed on the Oslo Stock Exchange under the ticker RECSI, with headquarters in Lysaker, Norway.
YTD Price Performance: 1.94%
Average Trading Volume: 281,324
Current Market Cap: NOK441.7M
For an in-depth examination of RNWEF stock, go to TipRanks’ Overview page.