Export Development Canada

Export Development Canada (EDC), established in 1944, is a Canadian Crown corporation headquartered in Ottawa. It assists businesses of all sizes, from small enterprises to large corporations, in expanding their global reach. EDC offers a range of services, including trade knowledge, financial solutions, equity investments, insurance, and connections, to help Canadian companies grow their business internationally with confidence.

Hozefa Abbas

Investment Partner

Lissa Bjerkelund

Vice President, Investments and Mid-Market Lending

Erik Brien-Wright

Partner

Carl Burlock

Executive Vice President and COO

Guillermo Freire

Senior Vice President, Mid-Market

Dan Mancuso

Senior Vice President, Financing and Investments

Isabela Murillo

Investment Manager

Richard Pinnock

Chief Diversity Officer and Director

Julie Pottier

senior Vice President

Eric Siegel

COO

Gabriel Sirois

Partner

Stephen Wilhelm

Regional Vice President

Past deals in Mining

BCI Minerals

Post in 2024
BCI Minerals is an Australian-based resources company focused on developing a business centered around salt and potash production, supplemented by earnings from iron ore royalties. The company is advancing its 100% owned Mardie Salt & Potash Project, situated on the West Pilbara coast, an area recognized as a key region for salt production in Australia. In addition to Mardie, BCI holds interests in various mineral assets, including the Carnegie Potash Project and Iron Valley Iron Ore Mine. The company's portfolio also features exploration projects such as Marble Bar, Black Hills, and Maitland, alongside diverse corporate and other assets. BCI is positioned to leverage its mineral interests and royalty earnings as it progresses its primary projects.

Canada Nickel Company

Post in 2024
Canada Nickel Company is focused on the exploration and development of nickel sulfide assets, primarily targeting the electric vehicle, green energy, and stainless steel markets. The company is advancing its Crawford Nickel-Cobalt Sulphide Project, which is situated in the Timmins-Cochrane mining camp and represents its flagship asset. Canada Nickel is dedicated to achieving zero-carbon production of nickel, cobalt, and iron through its initiative with NetZero Metals Inc. The company has sought trademarks for NetZero Nickel, NetZero Cobalt, and NetZero Iron, underpinning its commitment to sustainable practices. By operating in stable jurisdictions with low political risk, Canada Nickel aims to provide investors with robust exposure to the growing demand for nickel and cobalt in environmentally friendly applications.

Lundin Mining Corporation

Post in 2024
Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, and Spain. The company produces copper, zinc, lead, and nickel and also holds a 24% equity stake in the Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and the Kokkola cobalt refinery in Finland. Lundin Mining Corporation focuses on mining and refining base metals to meet global demand for these essential materials.

Arafura Resources

Post in 2024
Arafura Resources Limited is an Australian company focused on exploring and developing mineral properties, particularly rare earth deposits, along with tungsten, copper, and vanadium. The company's flagship project is the Nolans project, a significant rare earths-phosphate-uranium-thorium deposit located in the Northern Territory, which primarily supplies neodymium and praseodymium products. Established in 1997 and based in Perth, Arafura Resources also engages in mining activities, infrastructure development, and conducting social and environmental feasibility evaluations to ensure responsible resource management.

Antofagasta

Post in 2024
Antofagasta plc is a prominent Chilean copper mining company headquartered in London. Founded in 1888, it has established itself as one of the leading international copper producers, with its operations primarily centered in Chile. The company operates four major copper mines: Los Pelambres, Centinela, Antucoya, and Zaldívar, the latter being co-owned with Barrick Gold. In addition to copper, these mines produce significant by-products such as molybdenum, gold, and silver. Antofagasta also has a transport division, providing essential rail and road cargo services to the mining sector in northern Chile. With a strong focus on growth opportunities, the company continues to play a vital role in the mining industry, leveraging its extensive experience and resources to support global copper demand.

GeologicAI

Series A in 2023
GeologicAI is a software company that focuses on developing a cloud-based platform tailored for the oil and gas industry. The platform is designed to host, visualize, and analyze geological and production data, providing exploration and production companies with critical insights into reservoirs. GeologicAI specializes in generating and analyzing high-resolution geological data at the millimeter scale, which is essential for addressing the challenges associated with unconventional resource extraction. By offering valuable analytical tools, the company supports both oil and gas and mining sectors in optimizing their operations and decision-making processes.

Rithmik Solutions

Grant in 2019
Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions for the mining industry, focusing on predictive maintenance for mobile mining equipment. Founded in 2017, Rithmik offers an artificial intelligence-driven platform that analyzes equipment health by creating a virtual model of healthy assets, which runs alongside their physical counterparts. This system detects even minor deviations from optimal performance, providing clients with actionable insights to enhance equipment uptime and reduce maintenance costs. By leveraging AI technology, Rithmik Solutions aims to optimize productivity and profitability for its clients in the mining sector.

MineSense

Series C in 2017
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense

Series B in 2016
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense

Convertible Note in 2016
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense

Series B in 2015
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.
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