According to the TMX Group, 43% of the world’s public mining companies are listed on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) – and with the number of new miners queuing up to join both boards, it doesn’t look like they will lose their mantle anytime soon.
While the number of battery and new energy metal companies are on the increase, The Assay has found that precious metals explorers clearly lead the way when it comes to initial public offerings (IPOs) and new listings in Canada.
The following is a list – in alphabetical order – of some of the current mining IPOs and new listings in Canada.
Blackjack Silver Corp.
Blackjack Silver Corp. is planning to raise capital through an IPO.
The private company is earning into a 50-year mining lease on the past producing Anaconda Copper underground mining complex in Butte, Montana, U.S. Remaining historical reserves/resources are estimated to exceed 10Mt of high-grade silver, zinc, and gold mineralization.
The company believes the area’s exploration potential is exceptional in an intensely mineralized system.
Burin Gold Corp.
Burin Gold Corp. (TSXV: BURG) listed its common shares on the TSXV in late November last year after a very successful IPO process.
The proceeds from the IPO will be used to execute planned exploration programmes on the Hickey’s Pond – Paradise Gold project located in eastern Newfoundland.
The initial focus is on the Hickey’s Pond gold zone followed by exploration on the known but currently under-explored and undrilled epithermal gold showings elsewhere on the large property.
A 2020 Hickey’s Pond-Paradise Gold Project drill programme intersected mineralization of 58.25m of 1.12 g/t gold from surface, including 10.80m of 4.43 g/t gold.
Fabled Silver Gold Corp.
Fabled Silver Gold Corp. (TSXV: FCO | OTCQB: FBSGF | FSE: 7NQ) has revealed plans to spin-out of its interest in the Muskwa copper project in northern British Columbia, by way of distributing the shares it holds in its wholly owned subsidiary Fabled Copper Corp.
The new company, currently named SpinCo, has received conditional approval to list the SpinCo Shares on the Canadian Securities Exchange (CSE). Final listing approval will be subject to SpinCo satisfying all the listing conditions of the CSE.
In August 2021 SpinCo completed a financing for gross proceeds of C$6,899,999.98.
Forte Minerals Corp.
In late January 2022, Forte Minerals Corp. successfully completed its IPO for gross proceeds of C$2,874,999.60.
The common shares of the company are expected to commence trading on the CSE soon under the symbol “CUAU”.
The company intends to use the net proceeds from the offering in exploration including funding an initial drilling programme on its 100% owned Pucarini Epithermal High Sulphidation Gold Project located in the Puno Region of Peru.
The company also holds two other Porphyry Copper Projects also in the drill permitting phases. Don Gregorio is in the Miocene Belt of Northern Peru and is under option from Candente Copper Corp. (TSX: DNT). Esperanza is located in the Paleocene Belt of Southern Peru and is 100% owned by Forte.
Mayo Lake Minerals Inc.
Mayo Lake Minerals Inc., which received approval for an IPO in late December, is a private Ontario-based company that owns a 100% interest in five claim blocks, presently consisting of 1139 quartz claims, in the Mayo Mining District of the Yukon.
These claim groups all lie within the Tombstone Plutonic Belt of the Tintina Gold Belt. In 2019, it became apparent that the Carlin-Roop Silver Property boasted the highest prospectivity for high-grade Keno Hill-style mineralization.
Metal Energy Corp.
Metal Energy Corp. (TSXV: MERG) commenced its listing on the TSXV at end of November 2021. The company’s focus is on high-grade nickel development and discovery in Manitoba, Canada.
Both of its assets, Manibridge and Strange, are located within well-established geologic environments, have year-round highway access, and are permitted to drill. Metal Energy began drilling on Strange in January 2022, and on Manibridge in early March 2022.
The Manibridge Mine Project is located in the Thompson Nickel Belt of Manitoba, one of the world’s richest and most prolific nickel districts.
The Strange Project is located southwest of Thunder Bay, Ontario. This region includes major sulphide nickel deposits hosted within strata-bound ultramafic bodies mantled by mixed sediment-volcanic sequences, such as Lundin Mining Corp.’s (TSX: LUN | STO: LUMI) Eagle Mine and Eagle East deposit.
Silver Bullet Mines Corp.
Silver Bullet Mines Corp. (TSXV: SBMI) successfully listed on the TSXV in December 2021.
The company’s flagship asset is the Black Diamond Project located in the major mining camp of Globe, Arizona. Black Diamond covers 4900 acres and hosts five former producing silver mines. The company also owns the George Washington Mine, a former silver and gold producer in Idaho on patented lands.
Willeson Metals Corp.
Willeson Metals Corp. has filed a preliminary long-form prospectus in connection with a proposed IPO for aggregate gross proceeds of up to C$6M. The company has applied to list its common shares on the TSXV. Since July 2021, Willeson has raised a total of $1,799,105 in flow-through funds.
The company’s focus is the Beaucage, Hatchet, Hughes, and Barrington-Tow gold projects in the Lynn Lake area of northern Manitoba.
Zacapa Resources Ltd
Zacapa Resources Ltd (TSXV: ZACA) has successfully received the receipt for its final prospectus for an IPO.
The company is a copper and gold focused mineral exploration company engaged in responsible exploration for the new energy economy. Its projects are concentrated in world class jurisdictions in the southwest U.S., including Arizona, Nevada, and Idaho.
The portfolio includes porphyry copper projects at Red Top, Pearl, and Dewdrop Moon and epithermal gold projects at South Bullfrog and Miller Mountain.
