Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) advises that its wholly owned subsidiary, Arctic Canadian Diamond Company Ltd. (Arctic) has secured an expansion of up to C$60 million to the previous C$115 million loan (Loan Facility) the Company received in December, through Canada’s Large Enterprise Tariff Loan (LETL) facility.
The LETL facility is managed by the Canada Enterprise Emergency Funding Corporation (CEEFC), a subsidiary of Canada Development Investment Corporation (CDEV), and provides financial support to large Canadian enterprises impacted by actual and potential tariffs and countermeasures.
Chief Executive Officer and Director Jeremy King commented:
“I would like to thank CEEFC and the Government of Canada for their continued support of the northern diamond mining industry, which is a crucial employer and contributor to the economy of the Northwest Territories. This additional funding will help Burgundy and Ekati continue operations and navigate the current highly challenging environment for natural diamond markets.
As we look to advance our work at Sable pit, Misery underground and Fox pit, the expanded $60 million in funding will enable Ekati to meet its goals, while strengthening the foundation for future success.”
Additional details regarding the LETL facility may be found in Burgundy’s December 18, 2025, ASX release.
About Burgundy Diamond Mines Limited
Burgundy Diamond Mines is a premier, independent, company focused on the mining and production of diamonds. Burgundy’s strategic approach involves building a balanced portfolio of diamond projects located in favourable jurisdictions, including the globally ranked Canadian mining asset Ekati. Burgundy’s mine to market business model ensures total chain of custody and provides traceability along every step of the process, safeguarding the ethical production of the diamonds from mine to point of sale. Founded in Perth, Western Australia, Burgundy is led by a world-class management team and Board, combining global expertise with a commitment to sustainable and responsible diamond operations.
Caution regarding Forward Looking Information
This document contains forward looking statements concerning Burgundy Diamond Mines Limited. Forward looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements in this document are based on Burgundy’s beliefs, opinions and estimates as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions or estimates should change or to reflect other future developments.
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