February 21, 2020 |
Canadian mining company Sigma Lithium Resources is in advanced negotiations with Société Générale to arrange a syndicated loan for about half of the $60 million it needs to finance a lithium project in Brazil, according to a source with knowledge of the negotiations.
Sigma will likely get the rest of the project financing in Brazilian reais from international and local development banks and has hired Banco do Brasil as its financial adviser, the source said.
The company is looking to pay up to 5
Canadian mining company closes in on a syndicated loan from Société Générale, source says