Eligibility and Evaluation Criteria

BOF loan guarantees support projects that meet strict eligibility and risk management criteria to ensure long-term success and financial stability.

Applicants must be entities wholly owned by one or more Indigenous communities, and loan proceeds must be used to fund a portion (approximately 75 per cent) of the applicant’s equity investment in the infrastructure project.

Projects (in the energy, critical minerals and resource development sectors) must demonstrate:

Proven experience among project proponents and partners.

A BOF-approved financial plan.

Confirmed Indigenous community support (e.g. Band Council Resolution).

Adequate loan security.

BOF-reviewed senior financing terms

Satisfactory financial standing of the applicants and partners.

Established project agreements and corporate structure.

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