3 Financings You Need to Know About This Week (May 30-June 3)

1.  Probe Metals Inc. (TSX-V: PRB)

• Gross Proceeds: $9.3 million
• Sector: Precious metals
• Units issued: 5.31 million
• Type: Special units
• Price: $1.75
• Warrants: Half; $2.40; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior with a resource of 4.11 Moz of gold with projects in Quebec
• Started a 10,000-metre drill program in May on its Detour Quebec and Midland La Peltrie JV projects
• Shares of the company have dropped since it reported 16.4 metres of 6 grams of gold per tonne at Val d'Or East

2. EarthRenew (CSE: ERTH)

• Gross Proceeds: $9.5 million
• Sector: Regenerative agriculture
• Units issued: 38 million
• Type: Special units
• Price: $0.25
• Warrants: Full; $0.32; Four years
• Agents: Eight Capital
• Use of Proceeds: Acquisition and expansion

Company breakdown:

• Sustainable agriculture company that focuses on soil regeneration and fertilizers
• Shares climbed since February after the company reported $15.1 million in revenue
• Shares have dropped after the company announced the private placement

3. Ultra Lithium (TSX-V: ULT)

• Gross Proceeds: $7.03 million; $2 million
• Sector: Battery metals
• Type: Units; Flow-through shares
• Price: $0.235; $0.25
• Warrants: Half; $0.30; One year
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium and gold explorer with projects in Argentina, Canada, and the US
• Recently acquired further properties and entered into a joint venture
• Shares have been on the decline since March