Announced financings: Jan. 29

January 30, 2024 02:35 PM PST

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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