ORENINC INDEX – Monday, July 17th, 2023
North America’s leading junior mining finance data provider
Last Week: 51.14
This week: 72.47
Major Financing Openings:
- NextSource Materials Inc. (TSX-V:NEXT) opened 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 1st, 2023.
- Spartan Delta Corp. (TSX-V:RTN) opened a $48.5 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 60 months.
- Lithium Ionic Corp. (TSX-V:LTH) opened a $25 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 1st, 2023.
- Electra Battery Materials Corp. (TSX-V:ELBM) opened a $10 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 July 27, 2023.
Major Financing Closings:
- RTG Mining Inc. (TSX:RTG) closed a $9.03 million offering on a best-efforts basis. The deal is expected to close on or about July 12, 2023.
- Highgold Mining Inc. (TSX-V:HIGH) closed a $8.36 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.
- Gladiator Metals Corp. (TSX-V:GLAD) closed a $7.58 million offering underwritten by a syndicate led by Research Capital Corp. 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 July 7, 2023.
- Heliostar Metals Ltd. (TSX-V:HSTR) closed a $7 million offering underwritten by a syndicate led by Clarus Securities Inc. on a best-efforts basis. The deal is expected to close on or about July 11, 2023.