Yesterday's announced financings: May 31

June 1, 2023 03:18 PM PST

Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.

1. Filo Mining Corp. (TSX: FIL)

  • Gross Proceeds: $100 million
  • Sector: Precious metals
  • Units issued: 4.74 million
  • Type: Common shares
  • Price: $21.10
  • Warrants: None
  • Agents: Non-brokered      
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Exploration company focused on the Filo Del Sol project in San Juan, Argentina
  • Recently drilled 1,363 metres of 0.77% copper
  • Spent $34.3 million on exploration in Q1

2. Nextgen Food Robotics Corp. (NEO: NGRB)

  • Gross Proceeds: $1 million
  • Sector: AI
  • Units issued: 3.23 million
  • Type: Special units
  • Price: $0.31
  • Warrants: Half; $0.40; One year
  • Agents: Non-brokered      
  • Use of Proceeds: Capital expenditures

Company breakdown:

  • Automated food co-packer developing a an AI chat platform designed to help consumers order food and for manufacturers to anticipate what consumers want
  • Says this "Lily" app will be done by mid-July

3. Radisson Mining Resources Inc. (TSX-V: RDS)

  • Gross Proceeds: $2 million
  • Sector: Precious metals
  • Units issued: 4.32 million
  • Type: Flow-through units
  • Price: $0.31
  • Warrants: Full; $0.27; 18 months
  • Agents: Non-brokered   
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold junior focused on its O'Brien project in Quebec
  • Recently filed an NI 43-101 resource estimate on the project, with 501,000 ounces of gold indicated and 449,000 ounces inferred

4. Molten Metals Corp. (CSE: MOLT)

  • Gross Proceeds: $500,000
  • Sector: Base metals
  • Units issued: 6.25 million
  • Type: Special units
  • Price: $0.08
  • Warrants: Full; $0.18; Two years
  • Agents: Non-brokered        
  • Use of Proceeds: Working capital

Company breakdown:

  • Junior miner exploring for antimony and tin in in Slovakia and Nova Scotia
  • Began trading on the CSE in August

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