Mercer International Announces That The Government Of Canada Has Committed C$20M In Financial Support To Its Subsidiary, Mercer Peace River Pulp, Under The Regional Tariff Response Initiative

Mercer International shares are trading higher after the company announced the Government of Canada committed approximately $14 million in financial support for its Mercer Peace River Pulp.

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Mercer International Inc. Announces C$20 Million (Approximately US$14 Million) in Government of Canada Support for its Peace River Mill

Mercer International announced that the Government of Canada has committed C$20 million (approximately US$14 million) in financial support to its Peace River Pulp subsidiary through the Regional Tariff Response Initiative. The funding consists of a C$1 million non-repayable contribution and a C$19 million repayable contribution (repayment starting in 2031) to support the mill's modernization, productivity improvements, and expansion of bio-energy production and carbon capture capabilities.