International Graphite lands $1.1M bank loan to build Collie plant
What's the deal? International GraphiteDealroom has a profile for this one. Try Dealroom → (ASX:IG6, OTC:IGRPF) has secured around US$970.6K (roughly $1.1 million) in non-dilutive debt from National Australia Bank to fund construction of its Collie Micronising Facility in Western Australia. The financing comprises a secured business markets loan and an overdraft facility.
Why now? Construction of the Collie production building is progressing and remains on track for completion in the second quarter of 2027. The business markets loan will cover construction costs for the production building.
What's the endgame? International Graphite is developing midstream graphite processing operations across Australia and Europe, targeting industrial, energy storage, advanced manufacturing, and defence markets. Managing director and chief executive officer Andrew Worland said Collie would be the first of the company's planned global production facilities, alongside proposed operations at Porto Marghera in Italy.
Expanding the footprint: Its strategy pairs Collie with the AlkeemiaDealroom has a profile for this one. Try Dealroom →/IG6 joint venture at Porto Marghera. Worland said the facility would establish the company in the Asia-Pacific market as customers increasingly sought secure sovereign supply chains.
The new loan complements existing equity commitments, forecast research and development receipts, and remaining funds under a US$2.91M Financial Assistance Agreement with the Collie Investment and Transition FundDealroom has a profile for this one. Try Dealroom →. The business markets loan carries a two-year term with interest capitalised, then converts to an amortising loan over 13 years.
What could go wrong? The loan converts to an amortising facility after two years, adding repayment pressure once construction wraps. Completion is not due until 2027, leaving a long runway before Collie generates revenue.
The signal: As buyers push for sovereign supply chains, midstream graphite players are stacking non-dilutive capital to build processing capacity outside dominant incumbents. This quick top-up keeps International Graphite's twin-continent buildout on schedule without diluting shareholders.
Read more: proactiveinvestors.com
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