IBC Advanced Alloys Announces Amendment of Existing Credit Facilities

Rhea-AI Summary

IBC Advanced Alloys (OTCQB:IAALF) announced amendments that extend the maturity dates of two existing credit facilities with Chairman and CEO Mark Smith to December 31, 2026. All other terms remain unchanged, including an interest rate of 10% per annum. As of the announcement date there is approximately US$2.9 million principal outstanding under the amended agreements. The amendments are subject to approval by the TSX Venture Exchange. The transactions are related‑party under MI 61‑101 but exempt from formal valuation and minority shareholder approval under specified MI 61‑101 sections.

Positive

• Maturity extended to December 31, 2026
• Existing loan terms retained, avoiding immediate refinancing
• US$2.9M principal outstanding clarified

Negative

• Loans carry a high 10% per annum interest rate
• Amendments require TSX-V approval before effectiveness
• Related‑party nature (Chairman CEO) may raise governance concerns

FRANKLIN, INDIANA / ACCESS Newswire / December 31, 2025 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) is pleased to announce that it has entered into amendments (the "Amendments") with Mr. Mark Smith (the "Lender"), Chairman and Chief Executive Officer of the Company, to extend the maturity dates of two existing credit facility agreements (the "Existing Loan Agreements") with the Lender until December 31, 2026. All other terms of the Existing Loan Agreements, including the interest rate of 10 percent per annum, remain as described in the Company's press releases dated August 19, 2022, June 19, 2023, October 3, 2023, December 31, 2024 and June 10, 2025.

As of the date hereof, there is approximately US$2.9 million in principal outstanding under the Existing Loan Agreements, as amended. The Amendments are subject to the approval of the TSX Venture Exchange (the "TSX-V").

The Amendments involve a related party (as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101")), specifically a director and senior officer of the Company, and constitute related party transactions under MI 61-101. These transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(f) of MI 61-101, as the Company is not listed on the markets specified by section 5.5(b) of MI 61-101, and the Amendments are on reasonable commercial terms and not convertible into or repayable in equity or voting securities of the Company.

For more information on IBC and its innovative alloy products, go here.

On Behalf of the Board of Directors:

"Mark A. Smith"

Mark A. Smith, Chairman of the Board

# # #

Contact:

Mark A. Smith, Chairman of the Board

Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com

Website: www.ibcadvancedalloys.com

@IBCAdvanced $IB $IAALF #copper

About IBC Advanced Alloys Corp.

IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. The Company's common shares are traded on the TSX-V under the symbol "IB" and the OTCQB under the symbol "IAALF".

Cautionary Statements Regarding Forward Looking Statements

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, receipt of TSXV approval of the Amendments. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the risk that the Company may not be able to make sufficient payments to retire its debt, including the Existing Loan Agreements, the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Please see "Risks Factors" in our Annual Information Form available under the Company's profile at www.sedarplus.ca, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

SOURCE: IBC Advanced Alloys Corp.

View the original press release on ACCESS Newswire

FAQ

What did IBC Advanced Alloys announce about its credit facilities on December 31, 2025?

IBC extended the maturity dates of two credit facilities to December 31, 2026 and kept other terms unchanged.

How much principal is outstanding under IBC Advanced Alloys' amended loans (IAALF)?

There is approximately US$2.9 million in principal outstanding as of the announcement date.

What interest rate applies to the amended IBC Advanced Alloys loan agreements (IAALF)?

The interest rate remains 10% per annum under the amended agreements.

Do the credit amendments for IBC Advanced Alloys (IAALF) need regulatory approval?

Yes, the amendments are subject to approval by the TSX Venture Exchange.

Why are the amendments for IBC Advanced Alloys considered related‑party transactions (IAALF)?

The lender is Mark Smith, who serves as the company's chairman and CEO, making the amendments related‑party under MI 61‑101.

Are shareholders required to approve the related‑party amendments for IAALF under MI 61‑101?

No; the company states the transactions are exempt from formal valuation and minority shareholder approval under specified MI 61‑101 sections.