REG - Caledonia Mining Crp - Interim Funding Facility Update

Caledonia MiningAnnouncement

Mon 07:00

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RNS Number : 9184T  Caledonia Mining Corporation PLC  23 February 2026

 

Caledonia Mining Corporation Plc

Interim Funding Facility Update

Appointment of Stanbic and CBZ as Co‑Lead Arrangers

 

(NYSE AMERICAN, AIM and VFEX: CMCL)

ST HELIER, February 23, 2026 - Caledonia Mining Corporation Plc ("Caledonia"
or the "Company") provides a further update on the interim funding facility
forming part of the funding strategy announced in January 2026.

 

As previously disclosed, in November 2025 Caledonia launched a process to
arrange an interim funding facility of up to US$150 million with a consortium
of Zimbabwean and South African commercial banks (the "Interim Funding
Facility"), intended to support the development of the Bilboes gold project in
Zimbabwe.

 

Following encouraging engagement with participating banks, management,
together with its advisors, has now carefully reviewed all submissions
received and evaluated the alternatives proposed. After this assessment,
Caledonia has appointed Stanbic Bank Zimbabwe (a member of Standard Bank
Group) and CBZ Bank Limited as co‑lead arrangers for the Interim Funding
Facility.

 

The Company expects the Interim Funding Facility to be in place by mid‑2026,
subject to customary lender processes and approvals.

 

Mark Learmonth, Chief Executive Officer, commented:

"The appointment of Stanbic and CBZ as co‑lead arrangers represents an
important step in executing the funding strategy we set out in January.

 

"We believe this facility, together with our hedging programme, the proceeds
from the Convertible Notes Offering and internal cash generation from Blanket
Mine will provide additional financial flexibility as we continue to advance
our growth plans."

 

 

 

Enquiries

 Caledonia Mining Corporation Plc

 Mark Learmonth                                              Tel: +44 1534 679 800

 Camilla Horsfall                                            Tel: +44 7817 841 793
 Cavendish Capital Markets Limited (Nomad and Broker)

 Adrian Hadden                                               Tel: +44 207 397 1965

 Pearl Kellie                                                Tel: +44 131 220 9775
 Camarco, Financial PR (UK)

 Gordon Poole                                                Tel: +44 20 3757 4980

 Elfie Kent
 Curate Public Relations (Zimbabwe)

 Debra Tatenda                                               Tel: +263 77802131

 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)

 Lloyd Mlotshwa                                              Tel: +263 (242) 745 119/33/39

 

________

 

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not
historical facts are "forward-looking information" within the meaning of
applicable securities legislation that involve risks and uncertainties
relating, but not limited, to Caledonia's current expectations, intentions,
plans, and beliefs.  Forward-looking information can often be identified by
forward-looking words such as "anticipate", "believe", "expect", "goal",
"plan", "target", "intend", "estimate", "could", "should", "may" and "will" or
the negative of these terms or similar words suggesting future outcomes, or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. Examples of forward-looking
information in this news release include: Caledonia's expectations with regard
to entering into the Interim Funding Facility, raising the project finance
necessary to construct the Bilboes gold project and ensuring Caledonia has the
necessary financial capacity to complete the Bilboes gold project. The
forward-looking information contained in this news release is based, in part,
on assumptions and factors that may change or prove to be incorrect, thus
causing actual results, performance or achievements to be materially different
from those expressed or implied by forward-looking information.  Such factors
and assumptions include, but are not limited to: the successful implementation
of mine plans, the establishment of estimated resources and reserves, the
grade and recovery of minerals which are mined varying from estimates, success
of future exploration and drilling programs, reliability of drilling, sampling
and assay data, the representativeness of mineralization being accurate,
success of planned metallurgical test-work, capital availability and accuracy
of estimated operating costs, obtaining required governmental, environmental
or other project approvals, inflation, changes in exchange rates, fluctuations
in commodity prices, delays in the development of projects and Caledonia's
experience of project development in Zimbabwe and other factors.

 

To the extent any forward-looking information herein constitutes a financial
outlook or future oriented financial information, any such statement is made
as of the date hereof and included herein to provide prospective investors
with an understanding of the Company's plans and assumptions. Security
holders, potential security holders and other prospective investors should be
aware that these statements are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially from those suggested by the forward-looking statements.  Such
factors include, but are not limited to: risks relating to estimates of
mineral reserves and mineral resources proving to be inaccurate, fluctuations
in gold price, risks and hazards associated with the business of mineral
exploration, development and mining, risks relating to the credit worthiness
or financial condition of suppliers, refiners and other parties with whom the
Company does business; inadequate insurance, or inability to obtain insurance,
to cover these risks and hazards, employee relations; relationships with and
claims by local communities and indigenous populations; political risk; risks
related to natural disasters, terrorism, civil unrest, public health concerns
(including health epidemics or outbreaks of communicable diseases such as the
coronavirus (COVID-19)); availability and increasing costs associated with
mining inputs and labour; the speculative nature of mineral exploration and
development, including the risks of obtaining or maintaining necessary
licenses and permits, diminishing quantities or grades of mineral reserves as
mining occurs; global financial condition, the actual results of current
exploration activities, changes to conclusions of economic evaluations, and
changes in project parameters to deal with unanticipated economic or other
factors, risks of increased capital and operating costs, environmental, safety
or regulatory risks, expropriation, the Company's title to properties
including ownership thereof, increased competition in the mining industry for
properties, equipment, qualified personnel and their costs, risks relating to
the uncertainty of timing of events including targeted production rate
increase and currency fluctuations.  These risks are not exhaustive. Further
information on these and other risks that could affect Caledonia's results is
included in its filings with the Securities and Exchange Commission ("SEC"),
including its Annual Report on Form 20-F for the last completed financial
year, reports on Form 6-K for the most recently completed three and six month
periods and the future reports that it may file from time to time with the
SEC. Security holders, potential security holders and other prospective
investors are cautioned not to place undue reliance on forward-looking
information.  By its nature, forward-looking information involves numerous
assumptions, inherent risks and uncertainties, both general and specific, that
contribute to the possibility that the predictions, forecasts, projections and
various future events will not occur.  Caledonia undertakes no obligation to
update publicly or otherwise revise any forward-looking information whether as
a result of new information, future events or other such factors which affect
this information, except as required by law.

 

This news release is not an offer of the shares of Caledonia for sale in the
United States or elsewhere. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of
the shares of Caledonia, in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such province, state or
jurisdiction.

 

 

 

 

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