Champion secures $180m for Bloom Lake

July 13, 2017

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ASX- and TSX-listed Champion Iron has secured $180-million in debt financing to support the restart of operations at its Bloom Lake iron-ore mine, in Quebec.

The financing, secured from Caisse de depot et placement du Quebec and Sprott Resource Lending, will be undertaken in two tranches, the first of which was an $80-million five-year senior secured loan provided by Sprott.

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