Yesterday's announced financings: March 1

Here's your daily roundup of the five biggest Canadian equity financings announced yesterday, courtesy of PrivatePlacements.com: the only database that tracks every private placement, every day.

1. Global Atomic Corporation (TSX: GLO)   

• Gross Proceeds: $50 million (bought deal)
• Sector: Uranium
• Units issued: 16.67 million
• Type: Special units
• Price: $3.00
• Warrants: Half; $4.00; 18 months
• Agents: Red Cloud Securities
• Use of Proceeds: Project advancement

Company breakdown:

• Uranium company working to advance the Dasa uranium project in Niger
• Updated its feasibility study for the project in January, with an after-tax net present value of US$456 million
• Shares have declined sharply since announcing a public offering of units in January

2. Journey Energy Inc. (TSX: JOY)

• Gross Proceeds: $17.5 million (bought deal)
• Sector: Oil and natural gas
• Units issued: 2.6 million
• Type: Flow-through shares
• Price: $6.62
• Warrants: Full; $0.10; Three years
• Agents: Stifel FirstEnergy
• Use of Proceeds: Flow-through expenses

Company breakdown:

• Oil company focused on the Western Canada Sedimentary Basin
• 2022 reserve levels were at 39.8 MMboe, with a net present value of $485 million
• Closed a significant acquisition in October

3. Torq Resources Inc (TSX-V: TORQ)

• Gross Proceeds: $6.26 million
• Sector: Precious metals
• Units issued: 10.4 million
• Type: Special units
• Price: $0.60
• Warrants: Half; $0.80; Three years
• Agents: Paradigm Capital
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper and gold explorer with projects in Chile
• Began exploring its Santa Cecilia project, next to Newmont/Barrick's Norte Abierto project, in December
• Historical grades include 925 metres of 0.21 g/t Au and 0.27% Cu

4. Environmental Waste International Inc. (TSX-V: EWS)

• Gross Proceeds: $5 million
• Sector: Green waste disposal
• Units issued: 100 million
• Type: Special units
• Price: $0.05
• Warrants: Full; $0.20; Two years
• Agents: Non-brokered
• Use of Proceeds: Not stated

Company breakdown:

• Specializes in eco-friendly systems to breakdown organic material waste, like tires
• No news besides financings for some time
• Shares have dropped over the past year

5. CoTec Holdings Corp. (TSX-V: CTH)

• Gross Proceeds: $3.6 million
• Sector: Mineral extraction
• Units issued: 7.15 million
• Type: Special units
• Price: $0.50
• Warrants: Full; $0.75; One year
• Agents: Non-brokered
• Use of Proceeds: Pending investment commitments

Company breakdown:

• Seeking out and investing in early-stage technologies with the aim of changing the way minerals are extracted and processed, like rare earth recycling and developing green steel
• Completed three investments in 2022
• Seeking $8 million, with $2.5 million committed by its directors