Altius Minerals completed agreements for C$125 million ($97.5 million) in new credit facilities comprised of a C$70 million ($54.6 million) four-year amortizing term debt facility and a C$55 million (US$42.8 million) three-year revolving credit facility that is expandable to C$80 million ($62.31 million) through an accordion feature.

The Bank of Nova Scotia served as lead arranger and administrative agent. ING Capital was syndication agent and bookrunner, and Export Development Canada was a lender. In addition, TD Bank has signed a commitment letter for an additional C$25 million ($19.5 million), with final documentation expected to close shortly, which will bring the new credit facilities to an aggregate total of C$150 million ($117 million).