Baffinland secures $660M federal loan
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0.294 · RIGHT
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0.147 · CENTER
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Article Excerpt
NEWS JUL 2, 2026 – 4:14 PM EDT
Baffinland secures $660M federal loan
Money from Export Development Canada meant to keep mine operating through 2027
The Ontario Superior Court approves the federal loan that Baffinland Iron Mines Corp. says will help keep its Mary River mine operational through creditor protection proceedings. (File photo)
By Arty Sarkisian - Local Journalism Initiative Reporter
After a months-long litigation, Baffinland has secured a federal loan to continue operations at its Mary River iron mine through 2027.
The company announced it had received the loan Tuesday in a …
Read full article at Nunatsiaq News ↗
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