Financing of the BlackRock Metals Project
AN EXCELLENT NEWS FOR THE PORT AND THE REGION
Saguenay, June 7, 2017 - The management of the Saguenay Port Authority (SPA) is pleased that BlackRock Metals has secured $ 40 million in funding equity from Orion Mine Finance Group, a company specializing in financing the mining sector.
According to SPA General Manager and CEO, Mr. Carl Laberge, "this is a very good news because this announcement confirms that the company has taken a major step forward in the process of Its project which include the construction of a metal processing plant in the industrial port area of the Port of Saguenay in Grande-Anse ".
"With the $ 1 billion of investment and the related created jobs creation of jobs (500 direct during construction and another 300 during the production period that is expected to last 50 years), this structuring and promising project is of major importance for the economic development of our region and the growth of the port infrastructure. We are pleased that the company has reached this milestone in the realization of its project" , added Mr. Laberge.