Top Financings of the Week

Eric Sprott’s Latest Move: Inside His New Silver Bet

By Taylor Pierce - Wednesday, June 11

The Recap

The best information on capital raises and financing activity in under 5 minutes:

  • Dolly Varden Silver Corp (NYSE American: DVS, TSX: DV): The mineral exploration company announces full exercise of Underwriters’ Option in Bought-Deal Financing for Total of CAD $28.76 million, with participation by Eric Sprott.

  • Goldshore Resources (TSXV:GSHR, OTCQB:GSHRF) Announces upsize to bought deal to CAD $36.08 million to drive on-going development at the Moss Gold Deposit.

  • Fly-E Group, Inc. (Nasdaq: FLYE) The electric vehicle company that designs, installs, sells, and rents smart electric motorcycles, electric bikes, and electric scooters, announced the closing of its public offering that raised $6.94 million to purchase additional inventory.

Dolly Varden Silver recently announced the full exercise of the underwriters’ option in its bought-deal financing for total of CAD $28.76 million, with participation by legendary mining investor Eric Sprott.

Dolly Varden Silver’s 100% held, 163 sq. km. Kitsault Valley project is located in the southern tip of the Golden Triangle of British Columbia, just south of the high-grade Brucejack and Eskay Creek gold mines.

The project hosts a high-grade mineral resource of silver and gold and is considered prospective for hosting further precious metal deposits. The Company recently announced an uplisting to the NYSE American under the symbol DVS.

Goldshore Resources is focused on the strategic advancement of its 100%-owned Moss Gold Project, with the goal of unlocking its full potential, leveraging a robust Mineral Resource Estimate (MRE), and technical leadership with a strong track record, backed by strategic capital.

The Company recently announced it has upsized its bought deal to CAD $36.08 million to drive on-going development at the Moss Gold Deposit.

Fly-E Group, Inc. is an electric vehicle company that is principally engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes and electric scooters under the brand "Fly E-Bike."

The Company announced the closing of its public offering that raised $6.94 million to purchase additional inventory.

Top Money Moves

Company

Money Raised ($USD)

Sector

K Wave Media

$500,000,000

Media

Merus

$300,000,000

Biotech

Haichang Ocean Park Holdings

$292,591,842

Real Estate

Kelun Biotech

$250,000,000

Biotech

Trevi Therapeutics

$115,100,000

Biotech

Apollo Micro Systems

$86,766,195

Manufacturing

Accuray

$82,000,000

Biotech

Alvotech

$78,259,509

Biotech

Frontera Energy Corporation

$66,344,180

Energy, Oil and Gas

Kaldvik

$52,635,625

Farming

Xilio Therapeutics

$50,000,000

Biotech

ASP Isotopes

$50,000,000

Biotech

FireFly Metals

$48,970,308

Mining

Vizsla Royalties

$40,053,326

Mining

Orange Bank & Trust Company

$40,000,000

Banking

Arizona Sonoran Copper Company

$32,807,562

Mining

Cibus

$27,500,000

Agriculture

GoldShore Resources

$26,318,592

Mining

Rafael Holdings

$24,900,000

Biotech

Dolly Varden Silver

$28,760,000

Mining

Bitmine Immersion Technologies

$18,000,000

Crypto 

OssDsign AB

$16,563,954

Biotech

Agenus

$16,000,000

Biotech

Wallbox

$15,000,000

Automotive

Aytu BioPharma

$14,400,000

Biotech

Reconnaissance Energy Africa

$12,059,852

Mining

Americas Gold & Silver

$11,500,000

Mining

Patriot Bank

$10,655,200

Banking

Defiance Silver

$10,598,052

Mining

Helius Medical Technologies

$9,100,000

Biotech

Helios Technologies

$9,053,322

Technology

BetMakers Technology Group

$8,112,005

Technology

Oblong Industries

$7,500,000

Software

Ucore Rare Metals

$7,290,888

Mining

Fly E-Bike

$6,943,000

Transportation

Ashoka WhiteOak Emerging Markets Trust Plc

$6,180,000

Consumer

Nanalysis

$6,000,000

Electronics

Poolbeg Pharma

$5,558,463

Biotech

TuHURA Biosciences

$5,250,000

Biotech

East Africa Metals

$4,036,030

Mining

Hammer Technology Holdings

$2,680,000

Internet

Cellectar Biosciences

$2,500,000

Biotech

Fury Gold Mines

$2,248,750

Mining

Valkea Resources

$2,193,505

Mining

Giant Mining

$2,187,171

Mining

Gold Hunter Resources

$1,820,181

Mining

FOXO Technologies

$1,500,000

Biotech

Nuclear Vision

$1,460,227

Mining

Grande Portage Resources

$1,456,145

Mining

Pri0r1ty Intelligence Group

$1,416,373

Finance

Juggernaut Exploration

$1,100,000

Mining

Lead Investors

  • Patriot Bank: $10,655,200 | Banking | Lead Investor: Steven A. Sugarman

  • Rafael Holdings: $24,900,000 | Biotech | Lead Investor: Howard Jonas

  • Agenus: $16,000,000 | Biotech | Lead Investor: Zynext Ventures

  • Kaldvik: $52,635,625 | Farming | Lead Investor: Austur Holding

  • Hammer Technology Holdings: $2,680,000 | Internet | Lead Investor: Caban Global Reach

  • Reconnaissance Energy Africa: $12,059,852 | Mining | Lead Investor: BW Energy

  • FireFly Metals: $48,970,308 | Mining | Lead Investor: Canaccord Genuity Group

  • Americas Gold & Silver: $11,500,000 | Mining | Lead Investor: Ocean Partners

  • Haichang Ocean Park Holdings: $292,591,842 | Real Estate | Lead Investor: Xiangyuan Holding Group

  • BetMakers Technology Group: $8,112,005 | Technology | Lead Investor: Tekkorp Capital

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]

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