ORENINC INDEX – April 15th, 2024

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ORENINC INDEX – Monday, April 15th, 2024

North America’s leading junior mining finance data provider

Last Week: 59.79

This week: 80.50

Summary:

  • The number of financings increased to 37.
  • Six brokered financings were announced this week for $114.6m, a 3-week high.
  • One bought deal financing was announced this week for $85.6m, a 3-week high.
  • Total dollars heightened to $146m, a 3-week high.
  • The average offer upped to $4m, a 3-week high.

Major Financing Openings:

  • i-80 Gold Corp. (TSX:IAU) opened a $85.61 million offering underwritten by a syndicate led by National Bank Financial Inc. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 48 months. The deal is expected to close on or about April 25, 2024.
  • Rio2 Ltd. (TSX-V:RIO) opened a $10 million offering underwritten by a syndicate led by Eight Capital on a best-efforts basis. The deal is expected to close on or about April 17, 2024.
  • DLP Resources Inc. (TSX-V:DLP) opened a $6 million offering underwritten by a syndicate led by Paradigm Capital Inc. on a best-efforts basis. Each unit includes 1 warrant that expires in 36 months. The deal is expected to close on or about May 3, 2024.
  • Premier American Uranium Inc. (TSX-V:PUR) opened a $5 million offering underwritten by a syndicate led by PI Financial Corp. on a best-efforts basis. The deal is expected to close on or about May 2, 2024.

Major Financing Closings:

  • Meridian Mining UK Societas (TSX-V:MNO) closed a $20.13 million offering underwritten by a syndicate led by Beacon Securities Ltd. on a bought-deal basis. The deal is expected to close on or about April 9, 2024.
  • Abitibi Metals Corp. (CSE:AMQ) closed a $7.11 million offering on a best-efforts basis. The deal is expected to close on or about April 9, 2024.
  • Alpha Exploration Ltd. (TSX-V:ALEX) closed a $6.85 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about March 31, 2024.
  • Silver Storm Mining Ltd. (TSX-V:SVRS) closed a $6.1 million offering on a best-efforts basis. The deal is expected to close on or about April 10, 2024.

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