Northwire Canada EditionTuesday, August 18, 2026
Northwire
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Financings

American Atomics arranges $1-million (U.S.) loan

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Executive Summary

  • American Atomics Inc. has entered into a loan agreement with Chaudion Holdings Ltd. for a credit facility with an aggregate principal amount of up to $1 million USD.
  • The facility allows for drawdowns in tranches of up to $150,000 USD, subject to the lender's sole discretion.
  • The loan carries an interest rate of 8% per annum and has a term of two years from the date of execution.

Key Details

  • Lender: Chaudion Holdings Ltd.
  • Borrower: American Atomics Inc.
  • Aggregate Principal Amount: Up to $1,000,000 USD.
  • Tranche Size: Up to $150,000 USD per drawdown request.
  • Discretion: The lender has sole and absolute discretion to finance any drawdown requests.
  • Interest Rate: 8% per annum.
  • Term: Two years from the date of execution.
  • Relationship: The lender is at arm's length from the company.

Notable Quotes

  • None provided in the text.
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