ALLIANCE MAGNESIUM RECEIVES $30.9 MILLION IN FINANCING FROM THE GOVERNMENT OF QUÉBEC FOR ITS FIRST COMMERCIAL PHASE.
Brossard, Quebec, Canada August 21, 2018. – ALLIANCE MAGNESIUM INC. (“AMI”) is pleased to announce that it has signed a financing agreement with Investissement Québec and the Government of Quebec’s Economic Development Fund in the amount of $30.9 million for the construction of its First Commercial Phase at its facility in Danville, Quebec. This investment is part of a $104.9 million financial package which includes other institutional partners. The financing is in the form of a $17.5 million loan and a $13.4 million equity interest. Read more!