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Aypa Power and Six Nations of the Grand River Development Corporation Secure CA$700 Million Financing Close for Ontario Battery Energy Storage Projects

Congratulations to Aypa Power and Six Nations of the Grand River Development Corporation on achieving financial close for Elora BESS and Hedley BESS, two landmark battery energy storage projects in Ontario. When complete, the projects will provide utility-scale battery energy storage with a combined capacity of 422 MW / 1,688 MWh. The projects are contracted with the IESO under ~21-year contracts awarded pursuant to the IESO’s LT1 RFP. CIBC Capital Markets is pleased to have led these financings as Lead Left Arranger, Coordinating Lead Arranger, Swap Coordinator, and DCH Provider.
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Alliance Energy Group signed a definitive agreement for the sale of a 330 MW portfolio of five natural gas-fired facilities in NYISO to PowerTransitions LLC

Congratulations to Alliance Energy Group on signing a definitive agreement for the sale of a 330 MW portfolio of five natural gas-fired facilities in NYISO to PowerTransitions LLC. The transaction further underscores CIBC’s leadership position in U.S. Power Generation M&A, including CIBC’s differentiated knowledge and experience in the NYISO power market. CIBC Capital Markets is pleased to have acted as Exclusive Sellside Financial Advisor to Alliance Energy Group.
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Lundin Mining Increases Existing Credit Facility to US$4.5 Billion

Congratulations to Lundin Mining Corporation on successfully closing on the upsizing of its US$4.5 billion Revolving Credit Facility. The facility will be used to fund Lundin Mining's share of the Vicuña Project along the Chile-Argentina border, as well as for general corporate purposes. The project is central to Lundin Mining's goal of becoming a top-ten global copper producer with annual production of over 500,000 tonnes of copper and 550,000 ounces of gold once Vicuña is in full operation.
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Global Finance Sustainable Finance Awards 2026

CIBC has been recognized by Global Finance Magazine for its leadership in sustainable finance at the Global Finance’s 2026 Sustainable Finance Awards. We have been honoured as the Best Bank for Sustainable Finance in Canada for the second consecutive year, a testament to our dedication to delivering against our strategy to drive positive change in the sustainable finance sector. Congratulations to the teams across CIBC for their collective effort! Our recognitions at the 2026 Global Finance Awards include: · Best Bank for Sustainable Finance – Canada · Best Bank for Green Bonds – North America · Best Bank for Transition/Sustainability-Linked Loans – North America · Best Platform/Technology Facilitating Sustainable Finance – North America · Best Platform/Technology Facilitating Sustainable Finance – Global
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