3 Financings You Need to Know About This Week (Jan. 24-28)

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. Pure Gold Mining Inc. (TSX-V: PGM)

• Gross Proceeds: $9 million
• Sector: Gold
• Units issued: 16.99 million
• Type: Common shares
• Price: $0.53
• Warrants: None
• Agents: National Bank Financial, Inc.
• Use of Proceeds: Operations ramp-up

Company breakdown:

• Gold junior focused on the operational ramp-up at its Pure Gold mine
• Recently drilled 21.1 grams of gold per tonne (g/t Au) at Pure Gold
• Also announced a concurrent, non-brokered private placement, subscribed entirely by its largest shareholder, AngloGold Ashanti Ltd.
• "We are delighted to announce this financing with the support of our largest shareholder, AngloGold Ashanti," Pure Gold CEO Troy Fierro said in the release. "We value the global operational expertise AngloGold Ashanti brings and look forward to working collaboratively with their technical team to continue to unlock the full potential of the Pure Gold mine."

2. Platinum Group Metals Ltd. (TSX: PTM)

• Gross Proceeds: US$6 million
• Sector: Platinum and palladium
• Units issued: 3.54 million
• Type: Common shares
• Price: US$1.695
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Repay debt

Company breakdown:

• Platinum and palladium junior with a 37.05% stake in the joint venture Waterberg project in South Africa
• The financing, subscribed by Hosken Consolidated Investments, Inc., will be used to repay its $3 million debt to Sprott Private Resource Lending II, making the company debt-free for the first time since 2015
• Company appointed new CEO, Frank Hallam, back in December
• The company released an update on Waterberg's drill program back in October

3. Sylla Gold Corp. (TSX-V: SYG)

• Gross Proceeds: $3 million
• Sector: Gold
• Units issued: 15 million
• Type: Special units
• Price: $0.20
• Warrants: Full; $0.32; Two years
• Agents: Non-brokered
• Use of Proceeds: General working capital

Company breakdown:

• Gold junior which started trading in November
• Acquired the Niaouleni Gold project in Mali, currently compiling historical data 
• Very early days for this company