Critical Minerals Factbook
Federal instrument · Loan

Canada Infrastructure Bank CA$55 million enabling-infrastructure loan to Torngat Metals

Canada Infrastructure Bank loan of up to CA$55 million to Torngat Metals for the Strange Lake rare earth project. On June 17, 2025, Torngat announced the loan commitment as part of a combined CA$165 million financing with Export Development Canada; on June 23, 2025, the CIB reported it had reached financial close on the loan, its first critical minerals investment, funding enabling infrastructure including utility connections, rehabilitation of an airstrip, and improvements to existing infrastructure.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Financial state: Definitive agreement

Program: Canada Infrastructure Bank · Canada Infrastructure Bank

Terms

PrincipalC$55M (up to CA$55 million loan commitment announced June 17, 2025; CIB reported financial close June 23, 2025)

Immutable financial events

  1. Jun 17, 2025 · Obligated
  2. Jun 23, 2025 · Definitive agreement

Operational milestones are displayed on the linked facility line, not duplicated in this ledger.

Sources