ORENINC INDEX – August 7th, 2023

Views

58

Share

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.

Close

Newsletter Sign up






    Close

    Become in our Sponsor

      We will contact you to present our sponsor plans and pricing