Each month Costmine Intelligence tracks the top mining financings around the world. In July, there were 101 financings closed that amounted to USD $263,308,986. We picked out the top 5 for a snap shot of where money is going.
#1) Jervois Global Ltd. (TSX-V: JRV) will use capital raised as working capital to support Jervois’ refocused strategy to respond to historic low cobalt prices as well as reduce debt.
#2) Lindian Resources Ltd. (ASX: LIN) is fully funded for its next phase of growth and development at Kangankunde Rare Earth Project in Malawi. Efforts will include finalizing the maiden mineral resource estimate and maintaining a strong cash position with no debt.
#3) Lithium Ionic Corp. (TSX-V: LTH) intends to use the net proceeds to continue funding mineral exploration and development activities at its Brazilian lithium pegmatite properties and for working capital requirements and general corporate purposes.
#4) Develop Global Ltd. (ASX: DVP) funding will ensure the continued drilling and project development work of its energy transition metals business, including the Sulphur Springs (Cu), Woodlawn (Zn, Cu) and Whim Creek (Cu, Zn) projects.
#5) Marimaca Copper Corp. (TSX: MARI) announced the closing of C$20 million equity investment by Mitsubishi Corporation by way of non-brokered private placement. Proceeds will be used to advance and accelerate the development of the Marimaca Copper Project, Chile.
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