Oslo, Norway, 16 June 2025: Norsk Titanium AS (Euronext: NTI, OTCQX: NORSF) (the
"Company") announces that it has entered into a loan agreement with Claret
Capital Partners Ltd. ("Claret") for a term loan facility of up to USD 10
million (the "Loan Facility"). The facility from its growth credit fund, Claret
European Specialty Lending Company Annex Fund I, will support the Company's
working capital requirements and general corporate purposes and adds financial
flexibility as the company progresses towards its stated operational targets. 

The Loan Facility will be made available in two tranches of USD 5 million each.
The first tranche is immediately available upon execution of definitive
agreements, while the second tranche will be accessible through 30 June 2026,
subject to certain terms and conditions.

As part of the loan agreement, Claret will receive warrants for each tranche
drawn, allowing subscription for shares in the Company with a total subscription
value of USD 1.2 million (USD 600,000 per tranche). The number of shares that
may be subscribed with the warrant is initially 4,583,643 based on the volume
weighted average share price over the 15 business days preceding execution of
the loan agreement for the first tranche. The issuance of the warrants and the
waiver of shareholders' pre-emptive rights were approved by the Company's Annual
General Meeting (AGM) on 6 May 2025, where the Board of Directors were
authorized to enter into definitive loan and warrant agreements. The number of
shares that may be subscribed with the warrants is subject to adjustment
pursuant to the AGM resolution.

"We value our long-standing relationship with Claret and are pleased to continue
building on that collaboration," said Ashar Ashary, CFO of Norsk Titanium.
Claret is a U.K. based private credit fund specialized in providing growth
capital to innovative businesses. "We are happy to work with the team at Norsk
Titanium again and have seen significant progress toward commercialization over
the years," said Daniel Mallon, Principal at Claret. 

Please refer to the AGM notice issued on 15 April 2025 to review further details
of the Loan Facility and the warrants.


For more information, please contact:
Ashar A. Ashary, CFO, Norsk Titanium AS
Email: Ashar.Ashary@norsktitanium.com
Tel: +1 518 556 8966


About Norsk Titanium
Norsk Titanium is a global leader in metal 3D printing, innovating the future of
metal manufacturing by enabling a paradigm shift to a clean and sustainable
manufacturing process. With its proprietary Rapid Plasma Deposition® (RPD®)
technology and installed production capacity to generate annual revenues of
approximately USD 300 million, Norsk Titanium offers cost-efficient 3D printing
of value-added metal parts to a large addressable market. RPD® technology uses
significantly less raw material, energy, and time than traditional
energy-intensive forming methods, presenting customers with an opportunity to
better manage input costs, logistics, and environmental impact. RPD® printed
parts are already flying on commercial aircraft, and Norsk Titanium has gained
significant traction with large defense and industrial customers.