ORENINC INDEX – February 19, 2024

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ORENINC INDEX – Monday, February 19, 2024

North America’s leading junior mining finance data provider

Last Week: 92.35

This week: 30.96

Summary:

  • The number of financings decreased to 20.
  • Two brokered financings were announced this week for $5m, a 5-week low.
  • Two bought deal financings were announced this week for $5m, a 2-week low.
  • Total dollars lessened to $68.9m, a 2-week low.
  • The average offer lowered to $3.4m, a 2-week low.

Major Financing Openings:

  • Nouveau Monde Graphite Inc. (TSX-V:NOU) opened a $ 33.7 million offering on a best-efforts basis.
  • Nevada King Gold Corp. (TSX-V:NKG) opened a $ 9.75 million offering on a best-efforts basis.
  • Foremost Lithium Resource & Technology Ltd. (CSE:FAT) opened a $ 5.25 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months. The deal is expected to close on or about March 15, 2024.
  • Cosa Resources Corp. (CSE:COSA) opened a $ 5 million offering underwritten by a syndicate led by Haywood Securities Inc. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about March 5, 2024.

Major Financing Closings:

  • Aya Gold & Silver Inc. (TSX:AYA) closed a $ 77.63 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. The deal is expected to close on or about February 14, 2024.
  • Fission Uranium Corp. (TSX-V:FCU) closed a $ 75 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a bought-deal basis. The deal is expected to close on or about February 12, 2024.
  • Uranium Royalty Corp. (TSX:URC) closed a $ 30.98 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a bought-deal basis. The deal is expected to close on or about February 9, 2024.
  • IsoEnergy Ltd. (TSX-V:ISO) closed a $ 23 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. The deal is expected to close on or about February 9, 2024.

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