Sigma finances lithium mine in Brazil

Sigma finances lithium mine in Brazil

Loans Project & Infrastructure Finance Debt Brazil Canada

Canadian mining company Sigma Lithium said Monday that it signed a $45 million syndicated loan from French bank Société Générale to finance a lithium project in Brazil. The five-year loan starts at 500 basis points over Libor, but the spread falls to 450 basis points after construction is completed, Sigma said in a press release. The Vancouver-based company also said it will cover the remaining costs for the $74 million project with $27 million from a six-year pre-payment facility it got from Ja

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