Foran Closes Upsize of Project Finance Credit Facility to US$250M
On October 2, 2024, Foran Mining Corporation (“Foran”) closed the upsize of its US$250 million senior secured project finance credit facility with a fund managed by Sprott Resource Lending Corp. ("Sprott").
Foran, headquartered in Vancouver, Canada, is a copper-zinc-gold-silver exploration and development company, committed to supporting a greener future, empowering communities and creating circular economies.
Sprott, headquartered in Vancouver, Canada, is a leading financier to the mining sector globally, providing speed and certainty of execution, maximum flexibility and reduced complexity.
McCarthy Tétrault advised Foran with a team led by Chris Langdon (Business Law) and Genevieve Loxley (Financial Services), and included Matthew Kraemer, Adam Unick (Tax), Nancy Choi (Corporate), Matthew Yensen (Business Law) and Pedram Gholipour.
