ORENINC INDEX – March 18th, 2024

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ORENINC INDEX – Monday, March 18th, 2024

North America’s leading junior mining finance data provider

Last Week: 56.33

This week: 32.27

Summary:

  • The number of financings heightened to 30
  • No brokered financing was announced this week.
  • No bought-deal financing was announced this week.
  • Total dollars decreased to $33m, a 9-week low.
  • The average offer lessened to $1.1m, an 11-week low.

Major Financing Openings:

  • Abcourt Mines Inc. (TSX-V:ABI) opened a $5 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 36 months. The deal is expected to close on or about March 26, 2024.
  • Eloro Resources Ltd. (TSX-V:ELO) opened a $3.96 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 27, 2024.
  • Madison Metals Inc. (CSE:GREN) opened a $3.5 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 18 months.
  • Sun Summit Minerals Corp. (TSX-V:SMN) opened a $3 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 12 months.

Major Financing Closings:

  • Montage Gold Corp. (TSX-V:MAU) closed a $35.21 million offering on a best-efforts basis. The deal is expected to close on or about March 11, 2024.
  • Integra Resources Corp. (TSX-V:ITR) closed a $14.95 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.
  • Aero Energy Ltd. (TSX-V:AERO) closed a $5.9 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 March 8, 2024.
  • Reyna Silver Corp. (TSX-V:RSLV) closed a $4.6 million offering on a best-efforts basis. The deal is expected to close on or about March 7, 2024.

 

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