09:13 AM EDT, 09/29/2025 (MT Newswires) -- Algoma Steel Group Inc. ( ASTL ) announced Monday the execution of binding term sheets to secure C$500 million in liquidity support, comprising C$400 million loan facilities from the Government of Canada under the Large Enterprise Tariff Loan facility and C$100 million loan facilities from the Province of Ontario amid ongoing uncertainty around trade relations between Canada and the U.S.

A statement said the Facilities "provide essential financial flexibility amid prolonged trade uncertainty and position Algoma to advance its ongoing business transformation".