2 Financings You Need to Know About This Week (June 12-17)

1. K92 Mining Inc. (TSX: KNT) 

• Gross Proceeds: $50 million
• Sector: Precious metals
• Units issued: 5.41 million
• Type: Common shares
• Price: $9.25
• Warrants: None
• Agents: Clarus Securities, Cormark Securities
• Use of Proceeds: Ongoing development

Company breakdown:

• Gold producer with the well-known Kainantu mine in Papua New Guinea
• Proceeds from financing will be used for ongoing expansion of the mine
• Shares have been predominantly on the rise in 2022, amid solid earnings and ongoing drill results
• Though, shares have dropped 9 percent since announcing the private placement

2. Niocorp Developments Ltd. (TSX: NB)

• Gross Proceeds: $4.35 million
• Sector: Metals
• Units issued: 4.52 million
• Type: Special units
• Price: $0.95
• Warrants: Full; $1.10; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Metals exploration company that focuses on the Elk Creek Superalloy Materials project, which contains niobium, scandium, and titanium
• A recent pre-feasibility study on the project supports a pre-tax net-present value of $2.56 billion, and a gross life-of-mine revenue of $20.8 billion
• Shares of the company are at a 52-week low, despite a recent spike following the release of the study