Chart of December 2023 Financings

Top 10 Mining Financings December 2023

In December 2023, Costmine Intelligence tracked 193 closed mining financings that amounted to USD $1,403,953,635 which was a 287-per-cent increase of closed financings in November 2023.

Here is a look at 10 of the largest financings. 

#1) Ivanhoe Mines Ltd. (TSX: IVN) – Ivanhoe Mines intends to use the net proceeds of the offering to finance exploration, working capital and for general corporate purposes.

#2) Evolution Mining Ltd. (ASX: EVN) –  The placement was undertaken to partly fund the acquisition of an 80% interest in the Northparkes Copper-Gold Mine from CMOC Group Limited. 

#3) Foran Mining Ltd. (TSX: FOM) – The net proceeds of the offerings will be used for exploration and development of the company’s mineral projects in Saskatchewan, and for working capital and general corporate purposes.

 #4) Argonaut Gold Corp. (TSX; AR) – The net proceeds of the offering will be used to finance development and optimization of the company’s Magino and Florida Canyon mines and for general working capital purposes.

#5) Delta Lithium Ltd. (ASX: DLI) – Proceeds of the rights offering will go towards further exploration at the company’s Wineetharra, Mt. Ida, and Lyons River projects

#6) Bushveld Minerals Ltd. (LON: BMN) –  The net proceeds will be used to fund capital expenditure at Vametco and Vanchem to increase production, strengthen the balance sheet as well as facilitate the restructuring of the Orion 2020 Financing Package.

#7) Atha Energy Corp. (CNSX: SASK) – The net proceeds of the offering will be used to advance exploration and development of Atha’s uranium assets as well as for working capital and general corporate purposes.

#8) O3 Mining Inc. (TSX-V: OIII) – The proceeds will be used towards funding exploration at its Quebec projects. 

#9) Adventus Mining Corp. (TSX-V: ADZN) – The net proceeds of the offering will be used by the company to advance the Curipamba El Domo project, select exploration programs across the combined exploration portfolio of the company and Luminex, costs related to the transaction, and for working capital and general corporate purposes.

#10) Premium Nickel Resources Ltd. (TSX-V: PNRL) – The net proceeds of the offering will be used by the Company to advance the exploration and development of its mineral assets in Botswana and for general corporate and working capital purposes.

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