Announced financings: Oct. 10

October 11, 2023 03:41 PM PST

Here’s your roundup of announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.

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

  • Gross Proceeds: US$30 million (bought deal)
  • Sector: Uranium royalties
  • Units issued: 10.21 million
  • Type: Special units
  • Price: $2.94
  • Warrants: Half; $1.25; One year
  • Agents: BMO Capital Markets
  • Use of Proceeds: Physical uranium purchases

Company breakdown:

  • Uranium royalty company that also purchases physical uranium
  • Recently acquired U.S. uranium portfolio from Anfield Energy Inc.
  • Proceeds from this offering will be used to acquire physical uranium

2. Denison Mines Corp. (TSX: DML)

  • Gross Proceeds: US$55 million
  • Sector: Uranium
  • Units issued: 37 million
  • Type: Special units
  • Price: $1.49
  • Warrants: None
  • Agents: Cantor Fitzgerald Canada
  • Use of Proceeds: Project advancement

Company breakdown:

  • Uranium exploration company with a flagship project on the Athabasca Basin
  • Recently announced a $15 million investment in F3
  • Also recently signed a "shared prosperity agreement" with the English River first nation

3. Mayfair Gold Corp. (TSX-V: MFG)

  • Gross Proceeds: $11 million
  • Sector: Precious metals
  • Units issued: 2.38 million; 2.04 million
  • Type: Common shares; flow-through shares
  • Price: $2.10; $2.94
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Project advancement

Company breakdown:

  • Gold junior focused on the Fenn-Gib project in Northern Ontario
  • Recently drilled 1.44 g/t Au over 49.5 metres at Fenn-Gib

4. Neo Battery Materials Ltd. (TSX-V: NBM)

  • Gross Proceeds: $5 million
  • Sector: Battery materials
  • Units issued: 15.65 million
  • Type: Special units
  • Price: $0.32
  • Warrants: Full; $0.75; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Plant development

Company breakdown:

  • Battery materials tech company focused on developing silicon anode materials for lithium-ion batteries
  • Recently halted TSX-V halt for its change of business into a technology issuer

5. LithiumBank Resources Corp. (TSX-V: LBNK)

  • Gross Proceeds: $2 million
  • Sector: Lithium
  • Units issued: 2 million
  • Type: Special units
  • Price: $1.00
  • Warrants: Half; $1.50; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Lithium junior with projects in western Canada

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