Yesterday's announced financings: April 11

April 12, 2023 10:35 AM PST

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

1. Nouveau Monde Graphite Inc. (TSX-V: NOU)

  • Gross Proceeds: US$22 million (bought deal)
  • Sector: Graphite
  • Units issued: 4.85 million
  • Type: Common shares
  • Price: US$4.55
  • Warrants: None
  • Agents: BMO Capital Markets, Cormark Securities
  • Use of Proceeds: Project development

Company breakdown:

  • Graphite company with the Matawinie project and the Bécancour Battery Material Plant in Québec
  • A 2022 feasibility study showed Matawinie has 61.7 million tonnes of Cg at an average grade of 4.23%
  • Proceeds will be used "to bring the development of the Matawinie Mine Project and the Bécancour Battery Material Plant Project to a final investment decision and project financing."

2. Western Alaska Minerals Corp. (TSX-V: WAM)

  • Gross Proceeds: $8 million
  • Sector: Precious metals
  • Units issued: 3.4 million
  • Type: Special units
  • Price: $2.35
  • Warrants: Half; $3.15; Three years
  • Agents: Agentis Capital Markets, Canaccord Genuity
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Multi-metals explorer with projects in Alaska
  • Is planning step-out drilling for its "bonanza" grade silver-zinc-lead Waterpump Creek deposit
  • Shares of the company almost doubled in a single day back in last July after reporting drill results on the project

3. Bluesky Digital Assets Corp. (CSE: BTC)

  • Gross Proceeds: $663,750
  • Sector: Cryptocurrency
  • Units issued: 14.75 million
  • Type: Special units
  • Price: $0.045
  • Warrants: Full; $0.065; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Marketing

Company breakdown:

  • Started as a crypto miner and then expanded its R&D efforts to the larger blockchain
  • Also invests in AI

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