ORENINC INDEX – March 11th, 2024

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ORENINC INDEX – Monday, March 11th, 2024

North America’s leading junior mining finance data provider

Last Week: 27.26

This week: 56.33

Summary:

  • The number of financings increased to 28.
  • Six brokered financings were announced this week for $44m, a 4-week high.
  • Two bought deal financings were announced this week for $25m, a 2-week high.
  • Total dollars upped to $66m, a 2-week high.
  • The average offer heightened to $2.4m, a 2-week high.

Major Financing Openings:

  • Dolly Varden Silver Corp. (TSX-V:DV) opened a $15 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 March 21, 2024.
  • Integra Resources Corp. (TSX-V:ITR) opened a $10 million offering 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 March 13, 2024.
  • Freegold Ventures Limited (TSX:FVL) opened a $7.5 million offering underwritten by a syndicate led by Paradigm Capital Inc. 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 March 26, 2024.
  • Bayridge Resources Corp. (CSE:BYRG) opened a $6 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.

Major Financing Closings:

  • Collective Mining Ltd. (TSX-V:CNL) closed a $18.9 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 36 months.
  • South Star Battery Metals Corp. (TSX-V:STS) closed a $6.7 million offering on a best-efforts basis. The deal is expected to close on or about February 29, 2024.
  • Cosa Resources Corp. (CSE:COSA) closed a $6.5 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.
  • Canter Resources Corp. (CSE:CRC) closed a $3.45 million offering on a best-efforts basis.

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