Burgundy Diamond Mines secures expanded loan facility
Key points
- Subsidiary Arctic Canadian Diamond Company Ltd. secures up to C$60 million expansion of previous C$115 million loan
- Loan facility is through Canada's Large Enterprise Tariff Loan (LETL) program
- LETL facility provides financial support to large Canadian enterprises impacted by tariffs and countermeasures
Full summary
Burgundy Diamond Mines Limited (ASX: BDM) has announced that its wholly owned subsidiary, Arctic Canadian Diamond Company Ltd. (Arctic), has secured an expansion of up to C$60 million to the previous C$115 million loan (Loan Facility) the Company received in December, through Canada's Large Enterprise Tariff Loan (LETL) facility. The LETL facility is managed by the Canada Enterprise Emergency Funding Corporation (CEEFC), a subsidiary of Canada Development Investment Corporation (CDEV), and provides financial support to large Canadian enterprises impacted by actual and potential tariffs and countermeasures. The terms and conditions of the LETL facility remain in place and can be found in Burgundy's December 19, 2025 ASX release.
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