The Borrower is a wholly owned subsidiary of a publicly traded Canadian company. The Borrower has accumulated 118 mining claims on 2100 acres in Juab County, Utah. These claims include several existing but inactive fluorspar mines. All sites are fully permitted, on a federal, state, and local level. The Borrower plans to reopen several mining sites in the Spor Mountains and build an ore processing plant in Millard County, Utah.

Loan ID 0184
LTV 71.72
Note Rate 10.5
Property Location UT
NAICS 212319
Guaranty Type USDA B&I
Loan Term 15 yrs
Rate type Var
Note date N/A
Maturity date N/A
Participation Availability Amount $0
Minimum Participation Amount $250,000
Original Loan Amount $4,420,000
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