A Major $145 Million Investment for Alliance Magnesium

A Strategic Investment in Clean Technologies in Québec

This financing of nearly $145 million will support the construction of a plant with a maximum production capacity of 18,000 metric tons per year. The facility will produce primary magnesium ingots using serpentine mining residues, as well as secondary magnesium derived from metal processing industry scrap.

Alliance Magnesium is a Canadian private company offering a clean electrolysis technology approach for the production of metallic magnesium and other valuable minerals contained in serpentine rock.

A Multidisciplinary Team Supporting the Financing

The matter involved several BCF professionals with expertise in corporate financing, commercial law and strategic transactions.

This collaboration reflects the firm’s integrated approach to supporting innovative businesses and major industrial projects.

As part of this financing, BCF represented Alliance Magnesium with a team led by Gilles Seguin and composed of Martin Sills, Didier Culat, Valérie Charpentier and Anne-Frédérique Bourret.

Financing, Innovation and Energy Transition: Growing Strategic Challenges

Investments in clean technologies and industrial innovation increasingly involve complex legal, financial and strategic considerations.

BCF advises businesses and investors on projects related to energy transition, innovation and strategic financing in order to support their growth and business objectives.

Contact our team to discuss your financing, innovation and strategic development projects.

About Alliance Magnesium

Alliance Magnesium is a Canadian private company committed to producing metallic magnesium and other valuable minerals from serpentine rock. The company has developed an innovative technology and process that provide a cleaner and more cost-effective approach than those currently used by magnesium producers worldwide.

The magnesium produced by Alliance Magnesium is derived from the recovery of mining residues, transformed through a clean electrolysis process and sold to transportation markets to help reduce vehicle weight and environmental footprint.

The company has developed a three-phase deployment program aimed at reaching an annual production capacity of 50,000 tons by 2024 and creating more than 250 jobs.

Alliance Magnesium conducts its activities in full compliance with health, safety and environmental standards.

This financing of nearly $145 million will enable the plant’s construction, which has a maximum production capacity of 18,000 metric tons per year and will produce primary magnesium ingots from serpentine mine tailings and secondary magnesium from scrap metal from the metal processing industry.