# Foran Mining secures C$67 million equipment finance facility from Sandvik for McIlvenna Bay

Foran Mining Corporation entered into a C$67 million equipment finance arrangement with Sandvik Financial Services Canada for a battery electric vehicle mining fleet and components for the McIlvenna Bay project in Saskatchewan.

- Type: Contract
- Announced: 2023-09-07
- Where: Saskatchewan, Canada
- Value: $49.0M (67.0M CAD)
- Status: announced
- Products: battery electric vehicle mining fleet, charging stations, batteries
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Foran Mining](https://endata.com/companies/63850.md) (customer)
- [Sandvik Mining and Construction Canada](https://endata.com/companies/72483.md) (supplier)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/foran-secures-c-67-million-equipment-finance-facility-for-mcilvenna-bay-814628522.html), 2023-09-07: "We are extremely delighted to secure this noteworthy arrangement with Sandvik, complementing our financing package for McIlvenna Bay at an attractive cost of capital."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.