TORONTO, O.N. – The Canada Enterprise Emergency Funding Corporation has announced a new loan under the Large Employer Emergency Financing Facility.

According to the CEEFC,  the agreement provides Conuma Resources Limited, with access to $120 million of liquidity.

Conuma, based in Northeast B.C., is a steelmaking coal producer and exporter that provides approximately 1,000 full-time jobs.

Steelmaking coal, also known as metallurgical coal, is an essential input in the production of iron and steel.

LEEFF is intended to provide bridge financing to Canada’s largest employers, whose needs during the pandemic are not being met through private market financing. It is intended to provide bridge financing to Canada’s largest employers, whose needs during the pandemic are not being met through private market financing.

More information can be found on the CEEFC’s website.