The Board of Directors of Auriant Mining AB (publ) announced an improvement in the financing costs associated with the Company’s facility with VTB. Under the term of the existing facility with VTB entered into in 2017, there is an amount of USD 28.5 million outstanding, which is repayable over the period to 31 December 2023, at an interest cost of approximately 7.8% per annum. Reflecting the Company’s strong performance during 2020 the Company has negotiated with VTB a reduction in the interest rate applying to outstanding balances. Upon execution of contractual documentation, the new interest rate will be 3 months LIBOR plus 4.7% (currently equivalent to an annual interest rate of 4.95%). All other terms of the existing facility remain unchanged.