Announced financings: Feb. 7, 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. I-80 Gold (TSX: IAU)

• Gross Proceeds: $18 million
• Sector: Precious metals
• Units issued: 10 million
• Type: Common shares
• Price: $1.80
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Mid-stage gold junior with projects in Nevada
• Recently drilled 4.4 metres of 28.1 g/t Au at its Granite Creek target, and 14.6 metres of 9 g/t Au and 114.3 metres of 9.5% Zinc at its Ruby Hill target
• Reported Q3 operating loss of US$17.63 million

2. Badlands Resources Inc. (TSX-V: BLDS)

• Gross Proceeds: $2 million
• Sector: Precious metals
• Units issued: 4 million
• Type: Special units
• Price: $0.50
• Warrants: Full; $0.75; Two years
• Agents: Non-brokered
• Use of Proceeds: Debt payment

Company breakdown:

• Gold junior focused on projects in South Dakota
• Changed name from Mineral Mountain in November
• Switched CEOs last June
• Appears to be in a transitionary period, no other real recent news

3. Norden Crown Metals Corp. (TSX-V: NOCR)

• Gross Proceeds: $1.35 million
• Sector: Metals
• Units issued: 45 million
• Type: Special units
• Price: $0.03
• Warrants: Full; $0.06; Three years
• Agents: Non-brokered
• Use of Proceeds: Debt payment

Company breakdown: 

• Microcap base and precious metals junior with projects in Scandinavia
• Virtually no news