ORENINC INDEX – August 21st, 2023

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ORENINC INDEX – Monday, August 21st, 2023

North America’s leading junior mining finance data provider

Last Week: 35.10

This week: 50.22


Summary:

  • The number of financings increased to 28.
  • Three brokered financing were announced this week for $31.5m, a 4-week high.
  • Three bought deal financing were announced this week for $31.5, a 4-week high.
  • Total dollars upped to $70.4m, a 2-week high.
  • The average offer heightened to $2.5m, a 4-week high.

Major Financing Openings:

  • Imperial Metals Corp. (TSX:III) opened a $16.88 million offering on a best-efforts basis.   The deal is expected to close on or about August 31, 2023.
  • Snowline Gold Corp. (CSE:SGD) opened a $15 million offering underwritten by a syndicate led by Cormark Securities Inc. on a bought deal The deal is expected to close on or about September 6, 2023.
  • F3 Uranium Corp. (TSX-V:FUU) opened a $15 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a bought deal Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about September 12, 2023.
  • American Eagle Gold Corp. (TSX-V:AE) opened a $2.67 million offering on a best-efforts basis. The deal is expected to close on or about September 7, 2023.

Major Financing Closings:

  • NGEx Minerals Ltd. (TSX-V:NGEX) closed a $85.66 million offering on a best-efforts basis.
  • Electra Battery Materials Corp. (TSX-V:ELBM) closed a $16.5 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a best efforts basis. Each unit includes 1 warrant that expires in 24 months. The deal is expected to close on or about August 7, 2023.
  • West Red Lake Gold Mines Inc. (CSE:WRLG) closed a $7 million offering on a best-efforts basis.
  • AJN Resources Inc. (CSE:AJN) closed a $3.35 million offering on a best-efforts basis.

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