Loan & DebtMay 5, 2026, 07:17 AM
Sow Good Secures $20M Line of Credit for Critical Minerals Shift
AI Summary
Sow Good Inc. announced it has executed a term sheet for a $20 million Line of Credit with Sagol Advisors. This facility is intended to provide working capital to advance the proposed acquisition of the Nachu Graphite Project in Tanzania and support the company's strategic transition into critical minerals and battery anode materials. The non-convertible facility offers flexible draw mechanics over a 24-month availability period, with interest payable monthly.
Key Highlights
- Sow Good secured a $20 million Line of Credit with Sagol Advisors.
- Funds will support the proposed Nachu Graphite Project acquisition in Tanzania.
- The facility provides working capital for the company's transition into critical minerals.
- Funds can be drawn in multiple tranches of at least $500,000 over 24 months.
- Interest accrues at the greater of 10% per annum or WSJ Prime + 3.25%.
- The facility is non-convertible into equity and matures 24 months from the first draw.