ORENINC INDEX – Monday, August 7th, 2023
North America’s leading junior mining finance data provider
Last Week: 39.11
This week: 51.15
Summary:
- The number of financings increased to 34.
- Four brokered financing were announced this week for $21m, a 2-week high.
- One bought deal financing was announced this week for $10m, a 2-week high.
- Total dollars heightened to $73m, a 2-week high.
- The average offer upped to $2.1m, a 2-week high.
Major Financing Openings:
- Aldebaran Resources Inc. (TSX-V:ALDE) opened a $17.47 million offering on a best-efforts basis.
- TAG Oil Ltd. (TSX:TAO) opened a $10.01 million offering underwritten by a syndicate led by Research Capital Corp. on a bought-deal basis. The deal is expected to close on or about August 21, 2023.
- LithiumBank Resources Corp. (TSX-V:LBNK) opened a $9 million offering underwritten by a syndicate led by Echelon Capital Markets on a best-efforts basis.
- Lake Winn Resources Corp. (TSX-V:LWR) opened a $4.5 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months.
Major Financing Closings:
- NextSource Materials Inc. (TSX-V:NEXT) closed a $50 million offering underwritten by a syndicate led by Cormark Securities Inc. on a best-efforts basis. The deal is expected to close on or about August 1, 2023.
- i-80 Gold Corp. (TSX:IAU) closed a $36.8 million offering underwritten by a syndicate led by CIBC Capital Markets on a bought-deal basis. The deal is expected to close on or about August 1, 2023.
- Lithium Ionic Corp. (TSX-V:LTH) closed a $28.75 million offering underwritten by a syndicate led by Clarus Securities Inc. on a bought-deal basis. The deal is expected to close on or about August 1, 2023.
- Eloro Resources Ltd. (TSX-V:ELO) closed a $6.9 million offering underwritten by a syndicate led by Haywood Securities Inc. on a bought-deal basis. The deal is expected to close on or about August 3, 2023.