Conifex Secures $30 Million Loan for Mackenzie Mill

Conifex Timber announced September 18, 2026, in Vancouver that it secured up to $30 million under the Government of Canada's Large Enterprise Tariff Loan program. The seven-year facility bears a market-based interest rate and is secured by substantially all of the company's assets, with portions ranking alongside or junior to existing secured lenders. The company trades as TSX: CFF. Ken Shields said the loan, together with existing lender support, provides critical liquidity to strengthen operations and reestablish normalized two-shift operations at the Mackenzie sawmill. Andrew McLellan said the financing gives confidence to plan a restart and bring people back to work producing renewable electricity for B.C. and sustainable lumber for domestic and international markets. Conifex's lumber lender agreed to reimburse up to $11 million in Mackenzie capital expenditures. Conifex also agreed to issue warrants to CEEFC, issue up to 1,584,000 warrants to PenderFund at $0.50 expiring January 17, 2031, and extend 4,320,000 existing PenderFund warrants by one year, all subject to TSX approval. Coverage shows no left-right divide; CEEFC warrant terms and TSX approval remain open. TipRanks lists a Hold rating and C$0.40 price target.