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Granite Ridge Mining Finance

Granite Ridge Resources

Asset-backed credit facility supporting the expansion of an established, cash-generative mineral operation.

Investment thesis

  • The operation is already in production with positive operating cash flow.
  • Facility is secured against equipment and offtake receivables.
  • Conservative reserve coverage relative to the facility size.

Borrower background

Granite Ridge Resources operates a producing mineral asset with an established offtake relationship.

Use of proceeds

Capital equipment and working-capital expansion.