On May 25, 2026, Minera Alamos Inc., a Canadian mining company, entered into a US$75 million senior secured revolving term credit facility with a syndicate of lenders led by The Bank of Nova Scotia and National Bank of Canada.
The facility provided financing to Minera Alamos to repay certain debt and gold prepayment facility obligations to Auramet and the balance will be used for working capital and general corporate purposes, including advancing the development of the Copperstone gold project in Arizona.
As part of the financing, Fasken led the intercreditor negotiation with Star Royalties, owner of a gold stream on the Copperstone project, in order to secure first lien collateral in favour of the lenders.
The US$75 million credit facility is secured by a comprehensive cross-border security package over assets and subsidiaries in Canada, the United States and Mexico.
Fasken acted as lead counsel to the lenders, advising on the negotiation and structuring of the credit agreement, intercreditor agreement and related guarantee and security documents, including coordination of multi-jurisdictional considerations and lender protections with a team led by Thomas Meagher and included Nathan Gates, Alicia Servello and Ashley Faerberoeck (Paralegal).
Jurisdictions
- Ontario
- United States
- Mexico
