On July 30, 2026, Amapá Minerals Holdings Inc. completed its initial public offering of 127,272,728 common shares at a price of $1.10 per share for gross proceeds of $140 million. The common shares were listed on the Toronto Stock Exchange under the symbol “AMAP.” The offering was led by Canaccord Genuity and BMO Capital Markets as joint lead bookrunners.
Amapá Minerals is a gold mining company whose principal asset is the Amapá Project, a past-producing open-pit gold operation located in the Guiana Shield in northern Brazil. The project historically produced and sold more than 1.5 million ounces of gold between 2005 and 2021 and presents significant expansion opportunities. Amapá is supported by its largest shareholder, FIP Roca Magma, a Brazilian investment fund managed by Starboard Asset Ltd., an independent alternative asset manager focused on control-oriented private equity investments in special situations.
Osler, Hoskin & Harcourt LLP advised the underwriters with a team comprised of Desmond Lee, James Brown, Ana Cherniak-Kennedy, Nathalia Abdon, Adam Withers (Capital Markets), Tim Hughes and Sean Timlick (Tax).
Key Contact
Partner, Corporate, Toronto
Team
Partner, Corporate, Toronto
Associate, Corporate, Calgary
Law Clerk, Corporate, Calgary
Associate, Corporate, Calgary
Partner, Tax, Toronto
Associate, Tax, Toronto
