Manganese X secures $1.4m investment from Sprott
Manganese X said it will use the proceeds to advance the Battery Hill project in New Brunswick.
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Toronto and venture exchange companies raised $309M last month compared to $519M a year ago.
The largest financing was SolGold at $80.5 million followed by Mag Silver at $48.1 million.
SolGold is financing exploration at its Cascabel project in Ecuador.
About half the financings went to companies advancing gold projects. A quarter went to silver.
Companies within the technology metals group—lithium, graphite, rare earth and cobalt—raised just over $50M in total, 16% of total money raised for miners and juniors listed on the TSX and CVE.
While November financings may have been down, the financing picture has improved for juniors. Year-to-date TSX and venture exchange mining companies have raised $6.07B compared to $4.80B a year ago, a 25% increase.
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