Federal instrument · Loan

Export Development Canada CA$110 million bridge loan to Torngat Metals

On June 17, 2025, Torngat Metals announced the signing of a CA$110 million bridge loan facility agreement with Export Development Canada for the Strange Lake rare earth project. Together with a CA$55 million Canada Infrastructure Bank loan commitment, the combined CA$165 million funds key pre-construction activities including engineering and environmental studies required to submit permit applications for project infrastructure in Quebec and Labrador, with full project financing planned to launch later in 2025. No tenor or other loan terms were disclosed.

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: Export Development Canada · Export Development Canada

Terms

Principal	C$110M (bridge loan facility agreement amount as announced signed on June 17, 2025)

Immutable financial events

Jun 17, 2025 · Definitive agreement

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

Sources

Torngat Metals · published Jun 17, 2025 · retrieved Aug 11, 2026 · archive