Friday's announced financings: June 16

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

1. Ascend Wellness Holdings, Inc. (CSE: AAWH)

• Gross Proceeds: $7 million
• Sector: Cannabis
• Units issued: 9.86 million
• Type: Common shares
• Price: $0.71
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Acquisitions

Company breakdown:

• Cannabis company with assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, Pennsylvania, and Maryland
• Lost US$18.47 million in Q1
• Recently acquired four Maryland dispensaries

2. Ucore Rare Metals Inc. (TSX-V: UCU)

• Gross Proceeds: $5.35 million
• Sector: Rare earth metals
• Units issued: 5.35 million
• Type: Special units
• Price: $1.00
• Warrants: Half; $1.25; Three years
• Agents: Research Capital Corp., Canaccord Genuity
• Use of Proceeds: Commercial demonstration plant

Company breakdown:

• Company focused on technologies to extraction and separate rare earth metals
• Proceeds from the offering will go toward its RapidSX rare earth commercial demonstration plant in Kingston, Ohio
• Recently received a US$4 million award from the U.S. Department of Defense

3. Lomiko Metals Inc. (TSX-V: LMR)

• Gross Proceeds: $2.1 million; $500,000
• Sector: Graphite and lithium
• Units issued: 70 million; 12.5 million
• Type: Special units; Flow-through units
• Price: $0.03; $0.04
• Warrants: Full; $0.05; Five years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Graphite and lithium junior focused on the La Loutre project in Quebec
• Also recently acquired the Carmin project, adjacent to La Loutre
• Recent La Loutre technical report showed 2,969 kilotons of graphite indicated and 650 kilotons inferred

4. Minerva Intelligence Inc. (TSX-V: MVAI)

• Gross Proceeds: $1 million
• Sector: AI
• Units issued: 20 million
• Type: Common shares
• Price: $0.05
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Product development

Company breakdown:

• Company that uses AI technologies for hazard and climate mapping
• Shares risen since its 2022 financial results, in which it announced it lost $2.48 million last year

5. Genius Metals Inc. (CSE: GENI)

• Gross Proceeds: $1 million
• Sector: Precious metals
• Units issued: 10 million; 8.33 million
• Type: Special units; Flow-through shares
• Price: $0.05; $0.06
• Warrants: Full; $0.10; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Gold and lithium junior focused on the Sakami project and the Lithium 381 project
• Focusing on lithium exploration in 2023