Canada Bets $14 Million On Mercer’s Comeback, with Funds for Peace River Revamp
Mercer International (NASDAQ:MERC) just received a meaningful vote of confidence from the Canadian government, with C$20 million (approximately US$14 million) committed to Mercer Peace River Pulp in northern Alberta. The funding consists of C$1 million that is non-repayable and C$19 million that is repayable beginning in 2031, giving Mercer capital to modernize the mill while deferring repayment for several years.