Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.
1. International Battery Metals Inc. (CSE: IBAT)
- Gross Proceeds: US$15 million
- Sector: Battery metals
- Units issued: 15 million
- Type: Special units
- Price: $1.00
- Warrants: Full; $1.25; Two years
- Agents: Non-brokered
- Use of Proceeds: Project advancement
Company breakdown:
- Company with a patented lithium extraction technology
- Recently signed a term sheet for the deployment of its "modular lithium extraction plant" with a customer in the U.S.
- Closed an additional private placement at the in early December, and another at the end of December
- MDLE plant is verified by a third-party global engineering firm
2. Cartier Silver Corp. (CSE: CFE)
- Gross Proceeds: $2 million
- Sector: Precious metals
- Units issued: 8 million
- Type: Special units
- Price: $0.25
- Warrants: Half; $0.50; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Silver explorer focused on the Chorrillos project in Bolivia
- Drilled 44.76 metres of 49 g/t Ag at its Gonalbert project in September, and sampled 0.5 metres of 512.5 g/t Ag at Gonalbert in November
- Shares have steeply declined since mid-last year, though the cause is unclear
3. Zacatecas Silver Corp. (TSX-V: ZAC)
- Gross Proceeds: $1.8 million
- Sector: Precious metals
- Units issued: 18 million
- Type: Special units
- Price: $0.10
- Warrants: Half; $0.15; Two years
- Agents: Non-brokered
- Use of Proceeds: Property costs
Company breakdown:
- Silver junior focused on two projects in Zacatecas, Mexico
- Its deposits at its Panuco project are estimated at 20.5 Moz AgEq inferred
- Lack of news since May
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