Yesterday's announced financings: May 3

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

1. Lion One Metals Ltd. (TSX-V: LIO)

• Gross Proceeds: $27 million
• Sector: Precious metals
• Units issued: 29.35 million
• Type: Special units
• Price: $0.92
• Warrants: Half; $1.25; 30 months
• Agents: Eight Capital
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold miner focused on the Tuvatu alkaline gold project in the Fiji Islands
• Recently drilled 5.7 metres of 88.01 g/t Au
• Has a 300 tpd demonstration mill under construction

2.  Unigold Inc. (TSX-V: UGD) 

• Gross Proceeds: $4.25 million
• Sector: Precious metals
• Units issued: 53.13 million
• Type: Special units
• Price: $0.08
• Warrants: Half; $0.30; One year
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Precious metals junior focused on the Neita project in the Dominican Republic
• Recently got the gov't OK to explore the project
• Completed a feasibility study for the oxide portion of its Candelones deposit in Q4 2022

3. Sonoro Gold Corp. (TSX-V: SGO)

• Gross Proceeds: $3 million
• Sector: Precious metals
• Units issued: 30 million
• Type: Special units
• Price: $0.10
• Warrants: Full; $0.15; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing development

Company breakdown:

• Junior miner working to develop a heap leach mine at its Cerro Caliche project in Sonora, Mexico
• Proposed mine has an after-tax NPV of US$53.5 million
• Next plans are to update the resource estimate

4. Ximen Mining Corp. (TSX-V: XIM)

• Gross Proceeds: $600,000
• Sector: Precious metals
• Units issued: 6 million
• Type: Special units
• Price: $0.10
• Warrants: Full; $0.15; Five years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Precious metal junior with projects in British Columbia
• Recently received an environmental permit for its Kenville project

5. Cullinan Metals Corp. (CSE: CMT)

• Gross Proceeds: $500,000
• Sector: Energy metals
• Units issued: 555,556
• Type: Flow-through shares
• Price: $0.90
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Exploration expenses

Company breakdown:

• Miner focused on energy metals like copper, graphite, and lithium
• Flagship is the Smiley lithium project in Thunder Bay, Ontario
• Lack of recent news