QPM’s TECH project receives potential loans totalling A$900m

Canadian export credit agency Export Development Canada (EDC) has doubled its indicative debt financing commitment in ASX-listed critical minerals developer Queensland Pacific Metals’ (QPMs’) for the TECH project to A$400-million.

EDC’s interest, expressed through the non-binding letter of interest to avail the funds, relates to potential equipment and services supply from Canadian companies for the construction of the TECH project, which is located 40 km south of Townsville, Queensland, at the Lansdown Eco-Industrial Precinct.