2 High-Performing Financings from Under-the-Radar Uranium and Copper Juniors

January 27, 2022 03:41 PM PST

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Virginia Energy Resources Inc. (TSX-V: VUI)

  • Type of financing: Non-brokered
  • Gross proceeds: $1.3 million
  • Number of units: 6.5 million
  • Price per unit: $0.20
  • Closing date: 09/03/21
  • Today's closing price (Jan. 27): $0.63
  • Share appreciation: 215%
  • Warrants: None

Company overview:

  • Uranium junior which owns the Coles Hill project in Virginia
  • Began to climb immediately following the closing of this private placement, potentially due to the strong market for uranium
  • Has posted nothing of note since the financing, and has very low trade volume

Copperbank Resources Corp. (CSE: CBK )

  • Type of financing: Non-brokered
  • Gross proceeds: $5 million
  • Number of units: 12.5 million
  • Price per unit: $0.40
  • Closing date: 09/16/21
  • Today's closing price (Jan. 27): $0.77
  • Share appreciation: 92.5%
  • Warrants: Full
  • Strike Price: $0.60
  • Expiry date: 09/16/26

Company overview:

  • Copper junior that has been on the rise since August
  • Flagship project, Copper Creek, was acquired in 2018, and over 670,000 feet of drilling has been conducted so far
  • CEO Paul Harbridge joined the company in September, working on a rebrand to shift "from an accumulator of copper projects, to one that aims to move the Copper Creek and Contact Copper projects up the value-chain through further exploration and technical work."
  • Planning drilling programs for its projects in 2022, with a timeline laid out for future work

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