Indicative
Ref: WCG-TS-MINING
Indicative Term Sheet
Mining Finance
| Borrower | [Mining Co.] Ltd. |
|---|---|
| Lender / Arranger | Westford Capital Group |
| Facility | Mining Finance |
| Facility amount | Up to USD 60,000,000 |
| Tenor | 8 years |
| Pricing | SOFR + 4.50% (indicative) |
| Fees | Arrangement 2.0% |
| Security | Mining licence mortgage, plant and offtake receivables |
| Repayment | Quarterly after 18-month grace; 50% excess cash sweep |
| Conditions precedent | Independent reserve audit; Hedging programme; Offtake signed |
| Governing law | State of North Carolina, USA (or as agreed) |
| Validity | 30 days from date of issue |
This indicative term sheet is non-binding and subject to due diligence, credit approval and definitive documentation.