• London
  • Vancouver
  • Camana Bay

US$92mTransaction amount

Quebec Lithium Project / Canada Lithium

Structure and arrangement of project financing for the Quebec Lithium Project in Quebec.

Background

Endeavour advised Canada Lithium on project, debt & lease financing for the Quebec Lithium near Val d’or Quebec. It was the first debt project financing of a Lithium project and will become the largest Lithium producer in North America.

Comprehensive role including:
  • Feasibility study review and due dilligence
  • Financing plan and detailed financial model
  • Negotiations with all finance providers, Quebec government, potential offtakers
  • First use of Investissement Quebec guarantee post merger between SGF and IQ

Key Contacts

George Pyper

Managing Director


Challenges

  • First lithium project finance
  • No committed offtake
  • Junior sponsor issues
  • “niche” product not understood by market
  • No terminal market

Solutions

Running parallel track of:
  • Bank deal supported by Quebec Government;
  • Mobile equipment lease; and
  • Capital Market Instruments
  • Use of Investissement Quebec guarantee to protect sources of finance
  • Endeavour-led due diligence by independent engineer (before finance parties involved)

Case Studies

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Empress Royalty

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Madsen Gold Project / Pure Gold

Endeavour advised Pure Gold on the US$95 million financing of the Madsen Gold Mine in Ontario, Canada.

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Quebec Lithium Project / Canada Lithium

Structure and arrangement of project financing for the Quebec Lithium Project in Quebec.

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