Friday's announced financings: June 23

June 26, 2023 01:35 PM PST

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

1. Stillwater Critical Minerals Group (TSX-V: PGE)

Gross Proceeds: $4.94 million
Sector: Metals
Units issued: 19.76 million
Type: Special units
Price: $0.25
Warrants: 0.7; $0.375; Three years
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Mineral exploration junior focused on nickel, palladium, copper, and cobalt at its Stillwater West project in Montana
Financing is subscribed by Glencore Canada Group, which will own 9.99% of Stillwater's shares
Shares climbed in advance of the announcement

2. Rover Metals Corp. (TSX-V: ROVR)

Gross Proceeds: $1.25 million
Sector: Lithium
Units issued: 15.63 million
Type: Special units
Price: $0.08
Warrants: Full; $0.12; 2.5 years
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Junior miner focused on lithium projects in Nevada
Says financing will be used to fund drilling

3. Silver Elephant Mining Corp. (TSX: ELEF)

Gross Proceeds: $750,000
Sector: Precious metals
Units issued: 2.5 million
Type: Special units
Price: $0.30
Warrants: Half; $0.45; Two years
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Silver junior with the Pulacayo project in Bolivia
Recently sampled up to 2,790 g/t Ag at Puylacayo
Shares have dropped since

4. Vertical Exploration Inc. (TSX-V: VERT)

Gross Proceeds: $600,000
Sector: Wollastonite
Units issued: 12 million
Type: Special units
Price: $0.05
Warrants: Full; $0.10; Two years
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Metals junior focused on exploring for wollastonite at its St-Onge property in Quebec
Recently formed a cooperation alliance with Mineraux Mart Inc. for R&D into products using its St-Onge wollastonite