NuRAN Receives US$ 1M from FEI, a Cygnum Capital's Fund
NuRAN Wireless (OTCQB:NRRWF), a mobile and broadband infrastructure solutions provider, has secured the third drawdown of US$1 million from the Facility for Energy Inclusion (FEI), managed by Cygnum Capital. This follows previous drawdowns of US$2.5M in July 2024 and US$1.05M in February 2025, under a US$5M loan facility.
The remaining US$450,000 will be released upon completion of 50 additional sites. The funds will primarily support African mobile site expansion and restart operations in the Democratic Republic of the Congo (DRC), following a recent amendment with Orange and infrastructure license approval.
[ "Secured US$1M in third drawdown funding from FEI", "Total of US$4.55M received out of US$5M loan facility", "Obtained infrastructure license approval in DRC", "Secured amendment with Orange for DRC operations" ]NuRAN Wireless (OTCQB:NRRWF), fornitore di soluzioni per infrastrutture mobili e a banda larga, ha ottenuto la terza erogazione di US$1 milione dal Facility for Energy Inclusion (FEI), gestito da Cygnum Capital. Ciò segue le precedenti erogazioni di US$2,5 milioni a luglio 2024 e US$1,05 milioni nel febbraio 2025, nell’ambito di una linea di prestito di US$5 milioni. Il restante US$450.000 sarà rilasciato al completamento di ulteriori 50 siti. I fondi supporteranno principalmente l’espansione delle reti di siti mobili in Africa e il riavvio delle operazioni nella Repubblica Democratica del Congo (RDC), a seguito di un recente emendamento con Orange e dell’approvazione della licenza infrastrutturale.
NuRAN Wireless (OTCQB:NRRWF), proveedor de soluciones de infraestructura móvil y banda ancha, ha asegurado la tercera extracción de US$1 millón del Facility for Energy Inclusion (FEI), gestionado por Cygnum Capital. Esto precede las anteriores extracciones de US$2,5 millones en julio de 2024 y US$1,05 millones en febrero de 2025, dentro de una facilidad de préstamo de US$5 millones. El restante US$450,000 se liberará tras la finalización de 50 sitios adicionales. Los fondos respaldarán principalmente la expansión de sitios móviles en África y el reinicio de operaciones en la República Democrática del Congo (RDC), tras una enmienda reciente con Orange y la aprobación de la licencia de infraestructura.
NuRAN Wireless(OTCQB:NRRWF), 모바일 및 광대역 인프라 솔루션 제공업체가 Cygnum Capital이 관리하는 FEI(Facility for Energy Inclusion)로부터 미화 100만 달러의 3차 인출을 확보했습니다. 이는 2024년 7월의 250만 달러와 2025년 2월의 105만 달러의 이전 인출에 이어 US$5M 대출 시설 하의 것입니다. 남은 45만 달러은 추가 50개 사이트의 완료 시기에 해제될 예정입니다. 자금은 주로 아프리카 모바일 사이트 확장과 Orange와의 최근 수정 및 인프라 라이선스 승인을 거쳐 RDC(민주콩고 공화국)에서의 운영 재개를 지원할 것입니다.
NuRAN Wireless (OTCQB:NRRWF), fournisseur de solutions d'infrastructures mobiles et haut débit, a obtenu le troisième tirage d’un million de dollars du Facility for Energy Inclusion (FEI), géré par Cygnum Capital. Cela fait suite aux tirages précédents de 2,5 M$ en juillet 2024 et 1,05 M$ en février 2025, dans le cadre d'une facilité de prêt de 5 M$. Le solde de 450 000 $ sera libéré après l’achèvement de 50 sites supplémentaires. Les fonds soutiendront principalement l’expansion des sites mobiles en Afrique et la relance des opérations en République démocratique du Congo (RDC), suite à un amendement récent avec Orange et à l’approbation de la licence d’infrastructure.
NuRAN Wireless (OTCQB:NRRWF), ein Anbieter von Mobil- und Breitbandinfrastruktur-Lösungen, hat die dritte Auszahlung von 1 Million US-Dollar aus dem Facility for Energy Inclusion (FEI) erhalten, verwaltet von Cygnum Capital. Dies folgt auf frühere Auszahlungen von 2,5 Mio. US-Dollar im Juli 2024 und 1,05 Mio. US-Dollar im Februar 2025 im Rahmen einer Kreditfazilität von 5 Mio. US-Dollar. Die verbleibenden 450.000 US-Dollar werden freigegeben, sobald weitere 50 Standorte abgeschlossen sind. Die Mittel unterstützen überwiegend die Ausbau von mobilen Standorten in Afrika und die Wiederaufnahme des Betriebs in der Demokratischen Republik Kongo (DRC) nach einer jüngsten Änderung mit Orange und der Genehmigung der Infrastrukturlizenz.
NuRAN Wireless (OTCQB:NRRWF)، مزود حلول بنية تحتية للهاتف المحمول والنطاق العريض، قد حصل على ثالث سحب قدره 1 مليون دولار من مرفق FEI الذي تديره Cygnum Capital. يسبق ذلك سحبين سابقين بقيمة 2.5 مليون دولار في يوليو 2024 و1.05 مليون دولار في فبراير 2025، ضمن تسهيلات قرض بقيمة 5 ملايين دولار. سيتم الإفراج عن المتبقي 450,000 دولار عند إكمال 50 موقعاً إضافياً. ستدعم الأموال بشكل رئيسي توسع مواقع الهاتف المحمول في أفريقيا وإعادة تشغيل العمليات في جمهورية الكونغو الديمقراطية (DRC)، عقب تعديل حديث مع Orange وأ批准 ترخيص البنية التحتية.
NuRAN Wireless（OTCQB:NRRWF），一家移动和宽带基础设施解决方案提供商，已从由 Cygnum Capital 管理的 FEI（Energy Inclusion Facility）获得第三轮 100万美元放款。这是在 2024 年 7 月的 250 万美元 和 2025 年 2 月的 105 万美元 之前两轮放款的基础上，借贷额度为 500 万美元。剩余的 45 万美元 将在完成另外 50 个站点后释放。资金将主要用于 非洲移动站点扩张，以及在 Orange 最近修改并获得基础设施许可批准后，重新启动刚果民主共和国（DRC）的运营。
- None.
- Remaining US$450,000 contingent on delivery of 50 additional sites
QUEBEC, QC / ACCESS Newswire / September 29, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTCQB:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce that it has received approval for the third drawdown of US
This follows the first drawdown of US
Funds from this drawdown will mainly be used for expanding mobile sites in Africa and restarting NuRAN's operations in the DRC, supporting its NaaS model and financial growth. The financing will cover operational and construction costs for rural infrastructure, helping NuRAN advance toward its 2025 goal of activating sites across sub-Saharan Africa and connecting thousands in remote areas.
About Cygnum Capital
Cygnum Capital Group is an investment bank and asset manager, operating across frontier and emerging markets. Cygnum Capital Asset Management manages six pioneering funds: five debt funds including: (i) the African Local Currency Bond Fund ("ALCBF"), a ground-breaking investment vehicle established to support local currency capital markets, (ii) Off-Grid Energy Access Fund ("OGEF") which supports companies in off-grid energy such as SHS and small- medium mini-grids, (iii) FEI which support companies that provide a range of renewable energy solutions such as medium-large mini- grids, C&I and IPP with a maximum capacity of 25 MW, (iv) AfricaGoGreen Fund ("AGG") which supports companies combating climate change by reducing the use of fossil fuels through new technologies and that increase energy efficiency and promote economic development in high impact target sectors, (v) Africa Agriculture Trade Investment Fund ("AATIF") which is dedicated to uplift Africa's agricultural potential through improving food security and providing additional employment and income to farmers, entrepreneurs and labourers by investing in efficient local value chains; and a VC private equity fund and (vi) E3 Low Carbon Economy Fund for Africa ("E3 LCEF") which invests in climate-smart services, digital connectivity & applications, low-carbon productivity enablers. Cygnum Capital Asset Management has over USD 1.1 billion in assets under management with investments in 37 African countries.
About the Facility for Energy Inclusion
FEI is designed to support small-scale independent power producers delivering power to the grid, mini-grids, commercial and industrial, and captive power projects. FEI was set up by the African Development Bank ("AfDB") as part of its New Deal for Africa initiative. In addition to the investment by the AfDB, FEI received equity funding from the German Federal Ministry for Economic Cooperation and Development through KfW and Norfund and loan commitments from the Austrian Development Bank and the International Finance Corporation (IFC). The AfDB also invested on behalf of the Clean Technology Fund and the European Commission.The transaction was supported by FEI's Project Preparation Facility ("PPF"), funded by the Global Environment Facility, through the AfDB. The PPF provides returnable grant funding for last-mile processes crucial to closing transactions and to fund due diligence and preparatory costs incurred in establishing innovative structures or transactions that FEI seeks to lend to.
About NuRAN Wireless
NuRAN Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G, and 4G technologies, NuRAN Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably. "Bridging the Digital Divide, One Connection at a Time."
Additional Information:
For further information about NuRAN Wireless: www.nuranwireless.com
Francis Létourneau,
Director and CEO
Francis.letourneau@nuranwireless.com
Tel: (418) 264-1337
Frank Candido
Investor relations
Frank.candido@nuranwireless.com
Tel: (514) 969-5530
Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "expects", "is expected", "anticipates", "intends", "believes", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements include those relating to the signing of and drawdowns under the Loan Facility, statements with respect to setting up our construction plan and accelerating the achievement of major milestones from proceeds of the Loan Facility. Forward-looking statements are not a guarantee of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, such as the uncertainties regarding include risks such as the uncertainties regarding the impact of the COVID-19 outbreak, and measures to prevent its spread, risks relating to NuRAN's business and the economy generally; NuRAN's ability to drawdown under the Loan Facility and obtain any required consents for the drawdowns under the Loan Facility, NuRAN's ability to adequately restructure its operations with respect to its new model of NaaS service contracts; NuRAN's ability to complete the DFI financings, our ability to collect fees from our telecommunication providers and reliance on the network of our telecommunications providers, the capacity of the Company to deliver in a technical capacity and to import inventory to Africa at a reasonable cost; NuRAN's ability to obtain project financing for the proposed site build out under its NaaS agreements with Orange, MTN and other telecommunication providers, the loss of one or more significant suppliers or a reduction in significant volume from such suppliers; NuRAN's ability to meet or exceed customers' demand and expectations; significant current competition and the introduction of new competitors or other disruptive entrants in the Company's industry; effects of the global supply shortage affecting parts needed for NuRAN's sites and site installations; NuRAN's ability to retain key employees and protect its intellectual property; compliance with local laws and regulations and ability to obtain all required permits for our operations, access to the credit and capital markets, changes in applicable telecommunications laws or regulations or changes in license and regulatory fees, downturns in customers' business cycles; and insurance prices and insurance coverage availability, the Company's ability to effectively maintain or update information and technology systems; our ability to implement and maintain measures to protect against cyberattacks and comply with applicable privacy and data security requirements; the Company's ability to successfully implement its business strategies or realize expected cost savings and revenue enhancements; business development activities, including acquisitions and integration of acquired businesses; the Company's expansion into markets outside of Canada and the operational, competitive and regulatory risks facing the Company's non-Canadian based operations. Accordingly, readers should not place undue reliance on forward looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com.
SOURCE: NuRAN Wireless Inc
View the original press release on ACCESS Newswire
FAQ
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