Toronto-based Kinterra Capital has secured an indicative $200-million financing commitment from the Export-Import Bank of the United States (Exim) under the agency’s Make More in America initiative, enabling the company to fully fund the restart of the Pumpkin Hollow underground copper mine and advance the Southwest Open Pit project in Nevada.

The nonbinding letter of interest outlines $180-million in potential debt funding for Pumpkin Hollow’s restart and $20-million to advance technical work at the Southwest Open Pit.

“With Exim’s support, the restart of Pumpkin Hollow is now fully financed,” said project director Ian McMullan. “The underground mine’s existing infrastructure allows us to efficiently bring the operation back online and contribute to strengthening secure, resilient supply chains for copper.”

The Pumpkin Hollow restart, expected in the second quarter of 2026, will bring about 60-million pounds of copper back into domestic production. The project is fully permitted, carries no debt or stream obligations, and benefits from more than $1-billion of installed infrastructure.

McMullan, a veteran mining executive with more than three decades of underground mining experience, previously worked on several of Newmont’s Nevada projects, including Leeville and the Carlin Portal expansions.

“Our focus is on building geopolitically de-risked critical materials supply chains that strengthen industrial and economic security while creating significant local employment,” said Laura Fernandez, partner at Kinterra. “We value Exim and the strong partnership we’ve developed with the US government, and we look forward to finalising this financing.”

Exim’s letter notes that the transaction may qualify under Section 402 of its 2019 Reauthorisation, which prioritises projects that enhance US industrial leadership and reduce reliance on foreign supply chains. If approved, it could benefit from accelerated review, enhanced support and flexible financing terms.