Patrick J. Sullivan Patrick J. Sullivan

Metalla Royalty & Streaming Ltd. in its proposed acquisition of Nova Royalty for $190 million

On September 8, 2023, Metalla Royalty & Streaming Ltd. announced its proposed acquisition of Nova Royalty in a transaction valued at $190 million. This business combination will create a new intermediate Canadian mineral royal company. Metalla Royalty & Streaming Ltd.  operates as a...

Lead Office: Vancouver Date Closed: December 1, 2023 Value: $190 million

Regal Resources Royalties Fund in its US$40 million investment in Sandbox Royalties Corp.

On October 31, 2023, Regal Resources Royalties Fund, announced that they invested US$17.5M in equity in Sandbox Royalties Corp., along with a US$22.5m co-investment with Sandbox in a syndicated gold stream on Equinox Gold’s flagship Greenstone gold mine. The total deal value of this transaction...

Lead Office: Vancouver Date Closed: October 31, 2023 Value: US$40 million

The syndicate of underwriters in the US$2.25 billion bond offering by the Province of British Columbia

On July 6, 2023, the Province of British Columbia closed an offering of US$2.25 billion aggregate principal amount 4.200% bonds, Series BCUSG-13, due July 6, 2033.BMO Capital Markets Corp., CIBC World Markets Corp., Deutsche Bank AG, London Branch, National Bank of Canada Financial Inc. and...

Lead Office: Toronto Date Closed: July 6, 2023 Value: US$2.25 billion

Silver Crown Royalties in its acquisition of a silver royalty on Gold Mountain Mining Corp.’s Elk Gold Mine

On May 12, 2023, Silver Crown Royalties entered into a royal purchase agreement with Gold Mountain Mining Corp., where Silver Crown Royalties purchased a royalty on 45 percent of the aggregate gross proceeds of silver sold from Gold Mountain Mining’s Elk Gold Mine for initial consideration of...

Lead Office: Vancouver Date Closed: May 12, 2023 Value: $3.3 million

Lion One Metals Limited in its closing of a $27 million bought deal public offering

On May 11, 2023, Lion One Metals Limited announced that they closed a $27 million bought deal public offering through issuing 29,350,000 units of the Company at a price of $0.92 per unit. The aggregate gross proceeds of $27,002,000 are pursuant to the terms of an underwriting agreement. The lead...

Lead Office: Vancouver Date Closed: May 11, 2023 Value: $27 million

General Motors Co. in its US$650 million equity investment in Lithium Americas Corp.

On January 31, 2023, General Motors announced that it has entered into a purchase agreement with Lithium Americas in respect of a US$650 million equity investment in Lithium Americas to develop the Thacker Pass mine. The transaction represents the largest investment by an automaker in the...

Lead Office: Vancouver Date Closed: -- Value: US$650 million

Excellon Resources Inc. in its US$50 million acquisition of La Negra Mine in Mexico

On January 9, 2023, Excellon Resources Inc. announced that it had entered into a definitive agreement to acquire the past producing La Negra Mine in Querétaro State, Mexico. Excellon will acquire Minera La Negra S.A. de C.V., the holding company of the mine, from Dalu S. à r.l., an entity managed...

Lead Office: Toronto Date Closed: January 9, 2023 Value: US$50 million

Cordoba Minerals in its definitive agreements with JCHX to develop the Alacran Project in Colombia

On December 08, 2022, Cordoba and JCHX entered into definitive agreements in respect of JCHX’s acquisition of up to a 50 percent of Cordoba Minerals’ Alacran Project stake for total cash consideration of up to USD$100 million. Cordoba and JCHX will jointly develop Alacran as joint...

Lead Office: Toronto Date Closed: December 8, 2022 Value: $100 million

Lion One Metals Limited in its bought deal offering with Eight Capital and Canaccord Genuity Corp.

On September 28, 2022, Lion One Metals Limited closed its previously announced bought deal offering of units with Eight Capital and Canaccord Genuity Corp. (including units issued pursuant to Eight Capital and Canaccord Genuity Corp.'s partial exercise of the over-allotment option granted to the...

Lead Office: Vancouver Date Closed: September 28, 2022 Value: $13.36 million

Heritage Mining in its initial public offering and listing on the Canadian Securities Exchange

On August 25, 2022, Heritage Mining announced it had completed its initial public offering of units and flow-through units with gross proceeds of approximately $2.63 million and the listing of its common shares on the Canadian Securities Exchange. The net proceeds of the IPO, together with...

Lead Office: Vancouver Date Closed: August 25, 2022 Value: $2.63 million