ORENINC INDEX – February 5th, 2024

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ORENINC INDEX – Monday, February 5th, 2024

North America’s leading junior mining finance data provider

Last Week: 51.69

This week: 39.74

Summary:

  • The number of financings decreased to 19
  • One brokered financing was announced this week for $20m, a 3-week low.
  • No bought-deal financing was announced this week.
  • Total dollars lessened to $38m, a 3-week low.
  • The average offer fell to $2m, a 3-week low.

Major Financing Openings:

  • International Battery Metals Ltd. (CSE:IBAT) opened a $20.13 million offering underwritten by a syndicate led by Stifel Canada on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months.
  • FPX Nickel Corp. (TSX-V:FPX) opened a $4.31 million offering on a best-efforts basis.
  • Kootenay Silver Inc. (TSX-V:KTN) opened a $2.5 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 February 16, 2024.
  • Cartier Silver Corp. (CSE:CFE) opened a $2 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.

Major Financing Closings:

  • Osino Resources Corp. (TSX-V:OSI) closed a $10 million offering on a best-efforts basis. The deal is expected to close on or about January 9, 2024.
  • Blackrock Silver Corp. (TSX-V:BRC) closed a $5.75 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 36 months. The deal is expected to close on or about January 26, 2024.
  • District Metals Corp. (TSX-V:DMX) closed a $4.51 million offering underwritten by a syndicate led by PI Financial Corp. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 36 months. The deal is expected to close on or about February 1, 2024.
  • FPX Nickel Corp. (TSX-V:FPX) closed a $4.31 million offering on a best-efforts basis.

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