Junior mining companies currently raising capital — private placements, bought deals, flow-through offerings, and more.
New to mining financings? Read our complete guide — covers placement structures, flow-through, warrants, and the dilution math you should run before participating.
21 open financings · Showing 5 preview · 16 locked
$2,000,000
Amount
$700,000
Amount
$1,500,000
Amount
$6,500,000
Amount
$650,000
Amount
Junior explorers have no revenue. Every metre they drill is paid for by issuing shares, which makes the list above the clearest running signal in the sector: who can still raise, on what terms, and from whom.
The headline size matters least. What decides whether a raise helps or hurts an existing shareholder is the discount to market, the warrant attached, and the size of the issue relative to the shares already outstanding. A small raise at a steep discount with a full warrant can be more dilutive in effect than a larger one priced at market.
Warrants deserve particular attention, because they are the part that outlives the transaction. A half-warrant struck slightly above the current price creates a known ceiling: every rally into that strike releases new supply, and enough layers of them will hold a stock down regardless of what the drill returns.
Every open round is on this page. The table above is the complete set of junior mining financings currently accepting subscriptions — not a selection, and not a weekly digest. It updates as new raises are announced, so a deal announced this morning appears here today rather than in a roundup on Friday. That timing is most of the value: a financing is only actionable while it is still open, and the window is often days.
You can register interest in any of them. Open the company, and its financing page carries a Participate in Financing flow where you enter the amount you would want. Each round shows how much interest has already been registered against the size of the raise, so you can see how a deal is filling before you commit. Registering interest is not a subscription agreement — it tells the company you want an allocation, and the company comes back to you.
Closed rounds stay searchable. Once a deal closes it moves to the closed financings database, which is the history you need to read a company properly — whether successive raises have been priced higher or lower, how much the share count has grown, and what warrant overhang those deals left behind.
A financing that has been announced but has not yet closed, so subscriptions are still being accepted. The company has set out the terms — price, size, and whether a warrant is attached — and is gathering commitments. Once it closes, the shares are issued and the deal disappears from this list.
In most cases, accredited investors only. Thresholds vary by jurisdiction but commonly involve income above $200,000, or net financial assets above $1 million. Canada also has the listed issuer financing exemption, introduced in 2022, which lets qualifying companies raise from the general public with a short offering document and no four-month hold, and a growing share of junior raises now use it.
Four things: the price against where the stock trades, the warrant terms and their strike, the size of the raise against the company's existing share count, and what the money is actually for. A raise at a deep discount with a full warrant transfers value from existing holders to subscribers, and a raise that funds general working capital rather than a drill programme is buying time rather than progress.
Shares bought in a Canadian private placement typically cannot be sold for four months under National Instrument 45-102. That date is knowable in advance, and it is when subscribers who bought at a discount first become able to sell. Deals done under the listed issuer financing exemption are free-trading immediately, which changes the supply picture considerably.
Open the company from the table above and go to its financing page, where a Participate in Financing flow lets you register the amount you would want. Each open round shows how much interest has already been registered against the size of the raise, so you can see how it is filling. Registering interest is not a subscription agreement — it signals that you want an allocation, and the company follows up. You will still need to qualify under the relevant exemption before subscribing.
Not by itself — an explorer with no revenue has no other way to fund drilling, so raising is the normal state rather than a warning. What is worth reading is the trend: whether successive raises are priced higher or lower, whether they are getting larger relative to the share count, and whether the company is raising into results or ahead of them.