- Gold accounted for five of the largest financing’s closed in Canadian capital markets in May although it was pipped to the top spot by copper through the $40 million raise by Nevada Copper.
- The top ten financing’s aggregated $124 million of the $198.6 million announced, representing a whopping 62.4% of the total.
- GT Gold lead the gold rankings with a $17.6 million financing with the top ten yellow metal financing’s aggregating $66.5 million, some 33-5% of the total. In all, gold accounted for 49.4% of the number of financing’s .
- Nevada Copper led the base metal financing’s with the top ten aggregating $76.5 million, some 38.5% of the total.
- Of the 89 financing’s that closed, 64% were for less than $1 million, a further 24.7% were for less than $2 million and just 3.4% were for more than $10 million.
- Projects in Canada accounted for 30% of the funds raised, some $59.5 million, within which projects British Columbia drew $39.7 million followed by Quebec at $9.4 million
Congrats to the following for making the list:
- Oxford Mining
- Klondike Gold
- Golden Ridge Resources
- Contact Gold
- Para Resources
- Royal Road Minerals
- Euromax Resources
- Ascot Resources
- GT Gold