Yesterday's announced financings: July 13

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

1. NextSource Materials Inc. (TSX: NEXT)

• Gross Proceeds: $50 million
• Sector: Battery metals
• Units issued: 30.30 million
• Type: Common shares
• Price: $1.65
• Warrants: None
• Agents: Cormark Securities, BMO Capital Markets
• Use of Proceeds: Facility construction

Company breakdown:

• Battery metals company operating a graphite mine
• Proceeds will be used to construction a battery anode facility in Mauritius

2. Lithium Ionic Corp. (TSX-V: LTH)

• Gross Proceeds: $25 million (bought deal)
• Sector: Lithium
• Units issued: 11.90 million
• Type: Common shares
• Price: $2.10
• Warrants: None
• Agents: Clarus Securities, Canaccord Genuity
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium exploration company focused on projects in Brazil
• Recently drilled 7.8 metres of 1.69% Li2O at its Bandeira project
• Also recently released a new resource estimate for its Itinga project

3. Abasca Resources Inc. (TSX-V: ABA)

• Gross Proceeds: $1.25 million
• Sector: Uranium
• Units issued: 5 million
• Type: Flow-through units
• Price: $0.25
• Warrants: Half; $0.30; Two years
• Agents: Non-brokered
• Use of Proceeds: Flow-through expenses

Company breakdown:

• Uranium junior focused on projects on the Athabasca Basin
• Has been drilling its Key Lake project