Experience

European Bank for Reconstruction and Development (EBRD) extends US$25 million corporate facility to Aya Gold & Silver Inc.

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Overview

Client

European Bank for Reconstruction and Development

Fasken acted for European Bank for Reconstruction and Development (EBRD) on its second financing transaction to Aya Gold & Silver Inc. (Aya).

The first, a $100 million project finance facility for the upgrade and expansion of the Zgounder silver mine in Morocco, closed in August 2023. 

This most recent transaction closed in June 2025 and consisted of a $25 million corporate facility to advance exploration activities at Aya's Boumadine polymetallic project also in Morocco.

Jurisdictions

  • England and Wales
  • Morocco

Team

  • Thomas Wexler, Partner | Banking & Finance, London, +44 (0)20 7917 8564, [email protected]
  • Danuta de Vries, Counsel | Banking & Finance, London, +44 (0)20 7917 8524, [email protected]
  • Élaine Laberge-Poirier, Partner | Banking & Finance, Montréal, QC, +1 514 397 7472, [email protected]
  • Eric White, Associate | Corporate/Commercial, Montréal, QC, +1 514 397 4312, [email protected]
Thomas Wexler, Partner | Banking & Finance Thomas Wexler Partner | Banking & Finance London +44 (0)20 7917 8564
Danuta de Vries London Lawyer Danuta de Vries Counsel | Banking & Finance London +44 (0)20 7917 8524
Élaine Laberge-Poirier | Banking & Finance Lawyer in Montréal Élaine Laberge-Poirier Partner | Banking & Finance Montréal, QC +1 514 397 7472
Eric White, Associate | Corporate/Commercial Eric White Associate | Corporate/Commercial Montréal, QC +1 514 397 4312