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Moving Energy Forward

News

Centalion Signs US$95 Million Credit Facility and Gold Offtake Agreement with West Red Lake Gold

2 November 2026

Centalion’s US unit executed a binding term sheet with West Red Lake Gold Mines, a Canadian gold developer and producer, for proposed financing and offtake arrangements.

A credit facility, which concerns West Red Lake Gold Mines (Ontario) Ltd. and Red Lake Madsen Mine Ltd., would include funds intended to refinance an existing secured debt facility with Nebari Natural Resources Credit Fund II LP, and would provide additional working capital to support ongoing development at the Madsen Mine and potential funding for future development at the Rowan Project.

Terms of the proposed facility include the amount – as much as US$95 million in two tranches – and a gold offtake commercial agreement under which Centalion’s US unit would purchase 100% of gold doré produced from the operation.

Closing and initial funding of the proposed facility remain subject to conditions and approvals.

For further information please see the full press release.

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