Yesterday's announced financings: August 10

August 11, 2023 12:31 PM PST

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

1. Fireweed Metals Corp. (TSX-V: FWZ)

  • Gross Proceeds: $16.8 million
  • Sector: Critical minerals
  • Units issued: 8.75 million
  • Type: Flow-through units
  • Price: $1.92
  • Warrants: None
  • Agents: Non-brokered 
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Zinc and tungsten exploration company with projects in the Yukon and the Northwest Territories
  • Recently filed an NI 43-101 for its Mactung project
  • Reported 71.89 metres of 6.48% zinc at its Macmillan Pass project

2. Graphene Manufacturing Group Ltd (TSX-V: GMG)

  • Gross Proceeds: $3 million
  • Sector: Graphene
  • Units issued: 1.76 million
  • Type: Special units
  • Price: $1.70
  • Warrants: Half; $2.20; Four years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Company that "crackles" natural gas to produce graphene and hydrogen instead of mining
  • Recently added a NA distributor to distribute its Thermal-XR to HVAC markets

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