Mayfair outlines C$310 million financing framework for Fenn-Gib
The package includes a proposed non-binding C$300 million project facility and a C$10 million equity investment.
Event / data period: 2026-10-01
Published: · Updated:
Mayfair Gold announced on October 1 a financing framework of up to C$310 million with Macquarie to support development of the Fenn-Gib project in Ontario. It combines a subscription agreement for a C$10 million equity investment with a non-binding term sheet for a proposed C$300 million project-finance facility.
The proposed facility could fund most of the C$450 million initial development capital in the feasibility study, but it is not a definitive loan agreement. The company said due diligence, final documentation and required approvals remain outstanding; it has not said the package has closed.
Data
Total financing framework announced for Fenn-Gib
The announced package combines an equity subscription agreement and a non-binding proposed project facility.
- Proposed maximum total financing package announced
- ≤310 million CAD
- 2026-10-01 · Target
Methodology
The C$310 million total comprises a C$10 million equity subscription and a non-binding proposed C$300 million facility; it is not completed financing.
Updated:
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