Announced financings: Feb. 2, 2024

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. Uranium Royalty Corp. (TSX-V: URC)

• Gross Proceeds: US$22.9 million (bought deal)
• Sector: Uranium
• Units issued: 6.72 million
• Type: common shares
• Price: US$3.40
• Warrants: None
• Agents: Canaccord Genuity Corp.
• Use of Proceeds: Royalty acquisitions

Company breakdown:

• The only uranium-focused royalty and streaming company
• Its portfolio includes royalties on Cameco's Cigar Lake, Dawn Lake, and McArthur River projects, Laramide's massive undeveloped ISR Church Rock project, and Aurora Energy's development-stage Michelin project
• Shares have risen aggressively since mid-last year as the uranium thesis has gained more attention

2. NiCAN Ltd. (TSX-V: NICN)

• Gross Proceeds: $1.52 million
• Sector: Base metals
• Units issued: 3 million; 7 million
• Type: Common shares; Flow-through shares
• Price: $0.10; $0.175
• Warrants: None
• Agents: Stifel Nicolaus Canada
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Exploration junior focused on two nickel projects in Manitoba
• Recently drilled 31.5 metres of 2.32% nickel-equivalent at its Wine project
• Shares spiked in response to the recent results