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TOP 10 FINANCINGS: Aug 2020

 

Gold accounted for six of the top ten largest financings closed in Canadian capital markets in July, with silver, lithium and oil collecting the other spots. The top ten deals closed aggregated $326.9 million, a 39.5% increase from the $234.3 million closed in July, and representing 36.5% of the $895 million in deals closed. Novo Resources led the way with a $55.9 million raise followed by Battle North Gold ($55.6 million) and Lion One Metals ($39.8 million).

Amarillo Gold raised a total of $57.2 million and would have been the top ranked placement. However, they raised the funds in two separate, yet simultaneous transactions of $35.7million (brokered private placement) and $21.5 million (prospectus offering) respectively. 

Raises for gold projects aggregated $559.8 million in August, some 62.5% of the total. Novo Resources led the way with a $$55.9 raise followed by Battle North Gold ($55.6 million) and Lion One Metals ($39.8 million). The top ten yellow metal financings aggregated $277.7 million in August, a 40.7% increase from the $197.4 million closed in July, and accounting for 31% of the total closed, with all ten financings of more than $10 million. 

Base metals deals saw the top ten financings closed raising $55.5 million in August, 40.1% less than the $92.7 million raised in July, representing 6.2% of the total closed. Josemaria resources led the way with raises of $19.4 million and $11.6 million, followed by Kincora Copper ($5.3 million), with two financings for more than $10 million.

Battery metals had a stronger month in August with $36.6 million raised in the top ten deals, 69.4% more than the $21.6 million raised in the July top ten deals, and 4.1% of the total. There was one raise for more than $10 million led by Bunker Hill Mining ($20.4 million).

July saw financing activity continue to increase with 230, a 6.5% increase over the 216 deals closed in July, which included 22 financings for more than $10 million, 9.6% of the total, and 87 closed for less than $1 million, 37.8% of the total.




 

 

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