2 Non-Brokered Financings to Know About This Week (Feb. 3-10)

Even as uranium snatches all the buzz, we're still seeing the usual customers among non-brokered placements this week: junior mining companies with big plans for their projects.

1. Sabina Gold and Silver Corp. (TSX: SBB)

• Gross Proceeds: $95 million
• Sector: Gold
• Units issued: 92.13 million
• Type: Common shares
• Price: $1.30
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Mine construction

Company breakdown:

• Precious metal junior whose shares have been on the decline for over a year
• Actually two equity financings, part of a $520 million financing package for construction of the company's Goose Mine in Nunavut
• The pair of equity financings are partially subscribed by Wheaton Precious Metals and Orion Mine Finance
• Has given a stream agreement with Wheaton for 4.15 percent of gold production from the eventual mine

2. Bearing Lithium Corp. (TSX-V: BRZ)

• Gross Proceeds: $3.13 million
• Sector: Lithium
• Units issued: 12.5 million
• Type: Common shares
• Price: $0.25
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: General working capital

Company breakdown:

• Lithium company which owns 17.4 percent of the Marincunga project in Chile, which the company says is the highest-grade undeveloped lithium asset in the Americas
• A recent definite feasibility study pegged the project with an after-tax net-present value of $1.4 billion, with an annual production of 15,200 tonnes for 20 years
• Shares of the company jumped back in October, not long after the company announced a 90 percent increase to Marincunga's previous confirmed resource endowment