Yesterdays' announced financings: April 5

April 6, 2023 09:09 AM PST

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

1. ValOre Metals Corp. (TSX-V: VO)

  • Gross Proceeds: $3.5 million
  • Sector: Uranium, palladium
  • Units issued: 17.5 million
  • Type: Special units
  • Price: $0.20
  • Warrants: Half; $0.30; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Uranium and palladium junior with projects in Nunavut and Brazil
  • Its Angilak project in Canada has 43.3 Mlbs U3O8 in 2.83 Mt at 0.69% U3O8, its Pedra Branca project in Brazil has 2.2 Moz 2PGE+Au in 63.6 Mt at 1.08 g/t
  • Recently drilled 10 metres of 2.30 g/t 2PGE+Au at Pedra

2. P2 Gold Inc. (TSX-V: PGLD)

  • Gross Proceeds: 4 million
  • Sector: Precious metals
  • Units issued: 9.5 million
  • Type: Flow-through units
  • Price: $0.32
  • Warrants: Full; $0.40; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Precious metals junior with projects in B.C., Nevada, and Oregon
  • Mineral resource estimate for its BAM project in B.C. shows 0.55 Moz gold equivalent ounces
  • 12,000-14,000 metres of drilling is planned for June through September

3. Ameriwest Lithium Inc. (CSE: AWLI)

  • Gross Proceeds: $2.2 million
  • Sector: Lithium
  • Units issued: 11 million
  • Type: Special units
  • Price: $0.20
  • Warrants: Full; $0.25; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Lithium company with projects in Nevada and Arizona
  • Deer Musk East project is located within five miles of the only producing lithium mine in North America

4. Goldrea Resources Corp. (TSX-V: GOR)

  • Gross Proceeds: $400,050
  • Sector: Precious metals
  • Units issued: 11.43 million
  • Type: Special units
  • Price: $0.035
  • Warrants: Full; $0.06; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Early-stage gold junior with projects in B.C.'s Golden Triangle

5. Tesoro Minerals Corp. (TSX-V: TES)

  • Gross Proceeds: $250,000
  • Sector: Precious metals
  • Units issued: 7.14 million
  • Type: Special units
  • Price: $0.035
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Pre-discovery mining junior with projects in Colombia

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