Financing

Barton Gold (BGDFF) plans to reinstate its Central Gawler Mill for A$26M (±30%), targeting a late 2026 production start. This refurbishment offers cost advantages over building a new mill, with processing costs estimated at A$44.50/tonne. The company aims to complete feasibility studies by end of 2025. While financing isn’t secured, existing infrastructure provides more options. A key benefit is the option to defer capital expenditure by initially reprocessing tailings.

Honey Badger Silver Inc. successfully closed the first tranche of its private placement, raising approximately $2.01 million. The financing, involving non-flow-through units and flow-through shares, will fund exploration on properties in the Yukon, Northwest Territories, and Nunavut, as well as property advancement and acquisitions. Prominent investor Eric Sprott participated in the round.

Jayden Resources Inc. (JDN) secured a $250,000 loan to support operations, with repayment due in one year or upon a private placement. The loan has a 10% annual interest rate and is subject to TSX Venture Exchange approval, earmarked for working capital. The announcement includes forward-looking statements and cautions about potential risks.

Sage Potash Corp. closed a non-brokered private placement, raising C$6 million, exceeding its initial C$4 million target. The financing will accelerate field activity, planning, and permitting for its Utah potash project. The offering involved 24 million units and warrants. Proceeds will also fund exploration, infrastructure planning, and working capital. Securities are subject to a hold period, and the TSX Venture Exchange granted conditional approval.

Apollo is investing $750 million in Mumbai International Airport (MIAL), a subsidiary of Adani Airports Holdings Limited. This investment, channeled through senior secured notes, will refinance existing debt and fund operational improvements, modernization, and sustainability projects. With the potential for an additional $250 million in financing, the deal supports India’s economic growth and showcases Apollo’s commitment to infrastructure development in a key market.

Banco Macro S.A. announced the pricing of $400 million in Notes due 2029, yielding 8.000% annually. The fixed-rate notes, part of a larger financing program, mature on June 23, 2029, and were priced at 99.163%. Proceeds will fund strategic initiatives, including refinancing debt, capital expenditures, and acquisitions within Argentina, as part of a $1.5 billion debt securities issuance strategy. The Notes were not registered under U.S. securities laws.

Quince Therapeutics announced a securities purchase agreement to raise approximately $11.5 million upfront, with the potential for an additional $10.4 million if warrants are exercised. The financing, priced at a premium, will fund working capital, R&D, and general corporate purposes, extending its operational runway into Q2 2026 (or potentially H2 2026). The placement is led by Nantahala Capital and is set to close in June 2025.

New Found Gold Corp. completed the second tranche of its “bought deal” offering, raising C$63.48 million. This final tranche, including the underwriters’ over-allotment option, generated C$21.4 million and involved Charity Flow-Through Common Shares and common shares. Funds will support exploration expenses at the Queensway Gold Project. Major shareholder Eric Sprott retained his stake. The offering, underwritten by firms including BMO, underscores strong investor confidence and is subject to regulatory approvals.

Therma Bright Inc. plans an 8-for-1 share consolidation, pending TSX Venture Exchange approval. This strategic move aims to enhance flexibility for future financing and business activities. Approximately 56.5 million shares will be outstanding post-consolidation, with no changes to the company’s name or trading symbol expected. The board approved the consolidation, which adheres to TSXV policies.

GreenPower Motor Company announced the closing of the third tranche of its secured term loan, securing an additional $300,000. The funds, provided by entities controlled by the CEO and a director, will support production, supplier payments, payroll, and working capital. The two-year loan carries a 12% annual interest rate and includes share purchase warrants and loan bonus shares for lenders. GreenPower aims to meet growing EV demand.