Yesterday's announced financings: March 15

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

1. Patriot Battery Metals Inc. (CSE: PMET)

• Gross Proceeds: $50 million
• Sector: Battery metals
• Units issued: 2.22 million
• Type: Flow-through shares
• Price: $22.57
• Warrants: None
• Agents: Peartree Securities, Euroz Hartleys, Canaccord Genuity (AU)
• Use of Proceeds: Flow-through expenses

Company breakdown:

• Battery metals explorer focused on the Corvette project in James Bay, Quebec
• Recently drilled 22.6 metres of 1.56 percent Li2O at its Corvette project
• Over 95 drill holes have already been completed on the property

2. Collective Mining Ltd. (TSX-V: CNL)

• Gross Proceeds: $30 million (bought deal)
• Sector: Precious metals
• Units issued: 7.06 million
• Type: Common shares
• Price: $4.25
• Warrants: None
• Agents: BMO Capital Markets
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Mining company with projects in Colombia
• Recently drilled 384.7 metres of 2.46 grams per tonne of gold-equivalents
• Shares rose 75 cents in a single day in response to the above results

3. Infinitum Copper Corp. (TSX-V: INFI)

• Gross Proceeds: $1.5 million
• Sector: Copper and gold
• Units issued: 21.43 million
• Type: Special units
• Price: $0.07
• Warrants: Full; $0.14; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper junior focused on the La Adelita project in Mexico
• Trench samples have returned 9.15 metres of 16.45 grams of gold per tonne and 1.9 percent copper
• In a joint venture on another project in Arizona with Prismo Metals Inc.

4. Hire Technologies Inc. (TSX-V: HIRE)

• Gross Proceeds: $750,000
• Sector: Talent acquisition
• Units issued: 25 million
• Type: Special units
• Price: $0.03
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Building a network of staffing, IT, and HR consulting firms
• Current transactions include PTC, Provision, KavinGroup, Pulfisy, Headhunters, and Leaders International
• Lost $6.16 million in Q3 2022

5. Canex Metals Inc. (TSX-V: CANX)

• Gross Proceeds: $500,000
• Sector: Precious metals
• Units issued: 8.33 million
• Type: Common shares
• Price: $0.06
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Junior miner with the Gold Range project in Arizona
• Maiden drill hole at its Shaft target returned 1.1 grams of gold per tonne over 27.4 metres, other drill holes have been similar
• Aiming for a bulk tonnage open-pit mine