Champion Iron Limited's subsidiary, Quebec Iron Ore Inc., has agreed with its syndicate of lenders led by Societe Generale (Coordinating Bank, Mandated Lead Arranger and Joint Bookrunner) and Bank of Nova Scotia (Mandated Lead Arranger and Joint Bookrunner) to extend the maturity of its existing US$400 million revolving credit facility from May 2026 to November 2027 and additionally, on a new US$230 million term loan facility maturing in November 2028 with no principal repayment until mid-2026.

McCarthy Tétrault LLP advised Québec Iron Ore Inc. with a team led by Louis-Nicolas Boulanger that included Louis-Philippe Samson, Francois Dupuis, Mary-Jeanne Phelan, Konstantin Sobolevski and Laetitia Ouedraogo (Business), Dominique Amyot-Bilodeau (Environment), John Boscariol (Trade), Danielle Drolet and Danielle Gagnon (Real Property), and Charles-Antoine Soulière (Securities).

Norton Rose Fulbright's Ottawa, Quebec City, Toronto and Sydney offices advised the lenders.