Mining
Stellantis acquires 19.9% stake in Argentina Lithium’s ALE for US $90M
Stellantis N.V. to invest US $90M in Argentina Lithium & Energy Corp.'s wholly owned subsidiary, Argentina Litio y Energia S.A. (ALE), for 19.9% stake, exchangeable into up to 19.9% stake in Argentina Lithium in the future.
GeologicAI secures additional US $10M Series A funding
Yannai Segal and Grant Sanden led GeologicAI secured additional US $10M Series A funding from Export Development Canada, bringing total Series A funding led by Breakthrough Energy Ventures to US $30M.
Albemarle to invest $109M in Patriot Battery Metals
Albemarle Corporation to invest $109M in Patriot Battery Metals Inc. for 4.9% stake and to enter MOU to study viability of a downstream lithium hydroxide plant
GeologicAI secures US $20M Series A
Yannai Segal and Grant Sanden founded GeologicAI secured US $20 million Series A funding from Breakthrough Energy Ventures (BEV).
VRIFY Technology closes Series A financing
VRIFY Technology secured $6M Series A funding led by RCF Jolimont Mining Innovation and Beedie Investments with participation of Tiny and others. Forooghian + Company Law Corporation acted as legal counsel.
Newmont disposes 15.1M Triple Flag Precious Metals shares
Newmont disposed 15.1M Triple Flag Precious Metals on open market for $179M in net proceeds after tax. Elliott Investment Management L.P. acquired additional 4.67M TFPM shares on open market bfor $77M increasing its holding to 134,587,637 TFPM shares (67%).
Orion Mine Finance to dispose $285M Capstone Copper shares
Orion Mine Finance to dispose up to $327.75M shares of Capstone Copper Corp., to continue hold 172,336,179 shares assuming over-allotment option exercised in full by the underwriting syndicate led by National Bank Financial Inc. and Scotia Capital Inc.
Lithium Royalty completes $150M IPO, first TSX IPO since June 2022
Lithium Royalty Corp. completed first TSX IPO in 2023, issuing 8.824M shares at $17 for $150M. Waratah Capital Advisors Ltd. and Riverstone Holdings received $50M in return of capital and will control 55.26% and 28.78% of 55,285,686 outstanding shares respectively.
Lithium Royalty to raise $150M in TSX IPO, at $16-19 per share
Waratah Capital Advisors Ltd. and Riverstone Holdings LLC backed Lithium Royalty Corp. attentively priced $150M TSX IPO at $16-19 per share with a valuation of $942M at midpoint offering price of $17.50 per share.
Lithium Royalty files for IPO on TSX
Waratah Capital Advisors Ltd., Riverstone Holdings LLC, Altius Minerals Corporation backed Lithium Royalty Corp. filed for proposed initial public offering (IPO) on Toronto Stock Exchange (TSX).
MineSense secures US $42M Series E led by J.P. Morgan Asset Management
MineSense Technologies Ltd. secured US $42M Series E funding led by J.P. Morgan Asset Management’s Sustainable Growth Equity with participation from Evok Innovations, Prelude Ventures, BDC Capital, Cycle Capital and Chrysalix Venture Capital. Osei Van Horne from J.P. Morgan joined MineSense board of directors.
Hertz Lithium files for up to $2M CSE IPO
Hertz Lithium filed for up to $2M IPO on Canadian Securities Exchange (CSE). Canaccord Genuity Corp. acts agent for the offering. McMillan LLP and Miller Thomson LLP acted as legal counsel to Hertz and agent respectively.
Torngat Metals secures US $50M financing led by Cerberus Capital
Torngat Metals Ltd. secured US $50M phased investment led by Cerberus Capital Management, L.P. Cerberus Capital's John Gallagher, Nicholas Robinson and Thomas Gilman have joined Torngat board of directors with Gilman assuming Chair position.
Nouveau Monde Graphite, Panasonic and Mitsui enter offtake and strategic partnership
Mitsui & Co., Ltd. to join Pallinghurst and Investissement Québec as insiders of Nouveau Monde Graphite in US $50M financing, as part of NMG's offtake and strategic partnership with Mitsui and Panasonic Energy Co., Ltd.
Ryan Beedie to invest in Artemis $175M equity financing
Artemis Gold announced $86M bought deal financing led by National Bank Financial Inc. and up to $89M private placement with participation of Ryan Beedie and certain other management, insiders and shareholders.
RCF to take NorZinc private for $13M
Resource Capital Funds (RCF) to take NorZinc Ltd. private for $0.0325 in cash per NorZinc share for $12.7M to minority shareholders.
Vantage Chance Limited becomes largest shareholder of Western Potash
BVI domiciled Chinese firm Vantage Chance Limited completed $80M tranched investment in Western Potash Holding Corp. for 54% stake with the remaining 46% owned by Western Resources Corp. (TSX: WRX).
Ivanhoe Electric prices TSX/NYSE American IPO at US $11.75
Ivanhoe Electric priced TSX/NYSE American IPO at low end of proposing price at US $11.75 to raise gross proceeds of US $169M. Ivanhoe Electric to commence trading on TSX/NYSE American on June 28, 2022.
