Sow Good secures $20M credit facility to fund critical minerals strategy and Nachu Graphite acquisition

Sow Good Inc. has arranged a $20 million non-convertible credit facility with Sagol Advisors to support its acquisition of the Nachu Graphite Project in Tanzania and transition into critical minerals and battery anode development. The flexible facility allows multiple draws over 24 months with interest only on drawn amounts, providing working capital without diluting equity. This funding is crucial for Sow Good's strategic shift amid growing focus on U.S. supply chains for electric vehicle and energy storage materials. The acquisition and credit facility are subject to final agreements and approvals.