Ryzon Materials (ASX:RYZ) has secured interim funding of AU$160,000 in the form of a short-term unsecured loan with an interest rate of 12% per annum and is repayable by Feb. 28, 2026, according to a Wednesday Australian bourse filing.

Two of the parties involved in the short-term loan include Director Henian Chen with a loan amount of AU$80,000 and Director David Wang with a loan amount of AU$70,000.

Chen and Wang are part of the funding proposal, but they excused themselves from the Board meeting seeking approval for the funding, the filing added.

The company expects that further funds under similar terms will be raised in the near future.

The company said it will use the funds for general working capital in the interim while it works with the Australian Securities Exchange on seeking that its securities be reinstated to trading.