Conifex Timber Inc. announced that its wholly owned subsidiary, Conifex Mackenzie Forest Products Inc., has secured a C$19 million term loan from the Business Development Bank of Canada (BDC) under the federal Softwood Lumber Guarantee Program.

The loan matures on 15 July 2033 and carries interest at BDC’s floating base rate minus 0.60% per year. It is secured against the assets of Conifex’s lumber operations. The financing structure allows interest-only payments until August 2028.

Part of the loan proceeds was used to repay a bridge advance previously provided by Conifex’s senior secured timber lender. The remaining funds will support working capital and general corporate purposes.

The company also reported that its Mackenzie sawmill resumed operations in February 2026. Following the completion of the loan agreement, Conifex expects a gradual return to normal operations and currently plans to maintain two-shift production during the second half of 2026, depending on fibre supply conditions.

Conifex said it will release its fourth-quarter 2025 financial results before the market opens on 13 March 2026.