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News Stories (24 Results) - Mining

Titan Mining Corporation closed a revolving credit facility with National Bank of Canada (“National Bank”) for US$40 million. In addition to the Credit Facility, National Bank has provided the Company with an up to US$15 million treasury line... Read Story

June 07, 2022, 07:10 AM

Lundin Mining Corporation executed a fourth amended and restated credit agreement that increases its revolving credit facility to $1.75 billion, reduces the cost of borrowing, and extends the term to April 2027, from August 2023.Ms. Jinhee Magie... Read Story

April 27, 2022, 06:00 AM

Utica Equipment Finance completed the funding of a $2,300,000 capital lease secured by machinery and equipment to a coal company headquartered in Kentucky with operations in the Central Appalachian region. Utica provided additional working capital... Read Story

April 26, 2021, 07:56 AM

Bay Point Advisors announced it has entered into a senior secured debtor-in-possession (“DIP”) financing agreement with a network of blockchain mining companies comprising VC Mining Enterprises Inc., Godby DC-5 LLC, Godby DC-4 LLC, Hemphill Avenue... Read Story

May 26, 2020, 09:10 AM

Arctos Capital announced the closing and funding of a $1,000,000 USD sale and leaseback transaction for Blockware Mining, LLC, a leading Bitcoin Mining and Mining Rig Hosting Services Company, operating in the United States. The proceeds will be used... Read Story

April 20, 2020, 09:10 AM

NGEx Resources Inc. announced that it has entered into a new $10,000,000 credit facility from Zebra Holdings and Investments S.à.r.l. a company controlled by a trust settled by the late Adolf H. Lundin, an insider of the Company.The Facility is... Read Story

June 14, 2019, 08:30 AM

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has provided a $9.75 million credit facility to Cambelt International. In addition to the financing, Cambelt International utilizes a full suite of... Read Story

February 15, 2019, 08:00 AM

Capital Southwest Corporation, an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced that it supported Milestone Partners III... Read Story

August 15, 2018, 08:15 AM

Gordon Brothers, a global advisory, restructuring and investment firm, announced that its Australian business has acquired a large portfolio of mining and earthmoving assets from the Koolyanobbing Iron Ore Mine in Western Australia, and plans an... Read Story

July 27, 2018, 07:12 AM

Amerisource Business Capital announced the closing and funding of a $250,000 asset based revolver for a Colorado-based drilling company.  The start-up company, which provides a variety of drilling and hydrovac services, was seeking a larger line of... Read Story

November 22, 2017, 07:00 AM

MidCap Financial announced it has provided a $50.0 million senior credit facility to a coal mining and marketing company, Blackhawk Mining, LLC. The MidCap credit facility will support working capital needs and provide additional liquidity for the... Read Story

September 19, 2017, 07:30 AM

Sallyport Commercial Finance recently provided a $1.5 million accounts receivable facility to a distribution and transportation company that hauls high-grade minerals from a mine owned by a group company, to a well-rated customer base.Sallyport... Read Story

April 17, 2017, 07:00 AM

Westmoreland Coal Company announced it has successfully added East West Bank as a 50% participant in its parent level revolving credit line in place of Bank of the West. “We are excited to have East West Bank join our long-term partner, The Private... Read Story

October 14, 2016, 07:22 AM

Hilco Industrial, a unit of Hilco Global, announced the upcoming asset sale for Rio Tinto Kennecott, a subsidiary of Rio Tinto Group. This sale is offered in partnership with Perry Videx and Aaron Equipment, and will be conducted via webcast on the... Read Story

October 12, 2016, 07:10 AM

Amerisource Funding announced the closing and funding of a $1 million revolving line of credit for a Pennsylvania-based company that provides services to coal mines.  Proceeds of the facility are being used to refinance an existing line of credit and... Read Story

August 02, 2016, 07:39 AM

Klondex Mines Ltd. announced the closing of a $25 million secured revolving credit facility with Investec Bank, which may be used for working capital requirements and general corporate purposes.Paul Andre Huet, President and CEO commented, "Our... Read Story

March 25, 2016, 07:49 AM

Essex Capital Group recently arranged a $1 million line of credit for Cornerstone Industrial Minerals Corporation, a Lakeview, Oregon based industrial minerals company engaged in the mining, processing, and marketing of perlite.The new debt facility... Read Story

January 29, 2016, 07:07 AM

B2Gold Corp. secured a new $350 million revolving credit facility with a syndicate of international banks for a new revolving credit facility for an aggregate amount of $350 million. The facility also allows for an accordion feature whereby upon... Read Story

May 20, 2015, 07:46 AM

Romarco Minerals announced that the company, through its subsidiary Haile Gold Mine, Inc., has signed a credit agreement with Caterpillar Financial Services Corporation, ING Capital LLC, Macquarie Bank Limited, and Société Générale Corporate &... Read Story

April 13, 2015, 07:31 AM

HudBay Minerals Inc. ("Hudbay" or the "company")announced the closing of a US$300 million corporate revolving credit facility. On February 19, 2015, Hudbay announced that it had received commitments from a syndicate of Canadian banks, including its... Read Story

March 16, 2015, 08:02 AM

Amerisource announced that it closed and funded a $500,000 revolving credit facility for a coal mine operator based in Maryland. Proceeds of the facility were used to refinance higher cost debt and for ongoing working capital.Founded in 1984 and... Read Story

June 05, 2014, 07:04 AM

Primero Mining Corp. ("Primero" or the "Company") closed a previously announced $75 million revolving credit facility (the "Line of Credit") with a syndicate of lenders. The Line of Credit has a three year term, a floating interest rate that the... Read Story

May 27, 2014, 07:22 AM

First Nickel Inc. ("FNI") announces that it has entered into agreements with its lenders to increase the amount available under the company's existing credit facilities (the "Transaction"). The Transaction involves an increase in the principal amount... Read Story

December 02, 2013, 07:18 AM

US Capital Partners provided a multi-million dollar accounts receivable line of credit for a well-established and expanding corporation engaged in the mining, processing, marketing, and distribution of commercial-grade minerals. US Capital Partners... Read Story

June 26, 2013, 07:29 AM