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Jervois Global Goes Private with $145M Boost from Millstreet Capital
Taylor Pierce
January 06, 2025
By Taylor Pierce - Monday, January 6
The Recap
The best information on capital raises and financing activity in under 5 minutes:
Jervois Global Limited (TSX-V: JRV.V) announces plants to go private via Millstreet Capital Management with $145 million capital injection.
Quantum-Si Incorporated (NASDAQ: QSI) announces pricing of $50 million registered direct offering to continue innovation within the growing field of proteomics.
Sanu Gold (CSE: SANU) announces closing of CAD $10,055,412 strategic partnership with Montage Gold & strategic investment by the Lundin Family
Jervois Global, an Australian cobalt miner, is set to go private through a recapitalization plan due to declining cobalt prices. The Company has partnered with Millstreet Capital Management to inject $145 million in new equity and transfer its assets to a Millstreet nominee. To streamline the process, Jervois will initiate a prepackaged US Chapter 11 bankruptcy in January 2025, aligning with a similar plan in Australia to support its operations and growth, including restarting a nickel-cobalt refinery in Brazil.
Quantum-Si, known as The Protein Sequencing Company, announces pricing of $50 million registered direct offering. The Company is dedicated to transforming the rapidly evolving field of proteomics (The study of the structure and function of proteins, including the way they work and interact with each other inside cells). The Company’s Platinum instrument introduces Next-Gen Protein Sequencing, driving advancements in proteomic research, drug discovery, and diagnostics, surpassing the capabilities of traditional proteomic tools.
Sanu Gold announces closing of strategic partnership with Montage Gold & strategic investment by the Lundin Family for a total value of CAD $10,055,412. Under the agreement, Montage Gold Corp. has acquired a 19.9% ownership stake in Sanu Gold, valued at approximately CAD $5.5 million, through the issuance of 2,337,921 common shares. The Lundin Family has also obtained a 10% stake, alongside AngloGold Ashanti plc, which retains its 10% ownership. This strategic collaboration sees Montage Gold’s CEO, Martino De Ciccio, appointed as Chair of Sanu Gold’s Board, with EVP Exploration Silvia Bottero joining as Technical Advisor. The funds from these investments will support exploration in Guinea, West Africa, focusing on the promising Daina, Diguifara, and Bantabaye permits.
Weekly Money Moves
Company | Money Raised ($USD) | Sector |
BAIC BluePark | $1,390,811,055 | Automotive |
Rainbow Robotics | $181,286,214 | Robotics |
Jervois | $145,000,000 | Mining |
Quantum SI | $50,000,000 | Biotechnology |
Halmont Properties Corporation | $34,849,204 | Real Estate |
Veritone | $20,300,000 | AI |
Traws Pharma | $20,000,000 | Pharma |
Gilat Satellite Networks | $18,000,000 | Media |
Delcath Systems | $16,300,000 | Biotechnology |
Light AI | $11,834,157 | Cannabis |
Kala Pharmaceuticals | $10,750,000 | Biotechnology |
Bionano Genomics | $10,000,000 | Biotechnology |
Amplitech Group | $10,000,000 | Manufacturing |
CYNGN | $9,000,000 | Autonomous Vehicles |
Hamilton Global Opportunities | $8,114,515 | Financial Services |
Zephyr Energy | $7,500,000 | Oil & Gas |
Sanu Gold | $7,008,462 | Mining |
Pulsar Helium | $5,208,435 | Oil & Gas |
Roadzen | $5,000,000 | Financial Services |
Defence Therapeutics | $4,200,000 | Biotechnology |
Rivalry | $3,320,000 | eSports |
Lichen China | $3,100,000 | Financial Services |
Aptorum Group | $3,000,000 | Biotechnology |
MySize | $3,000,000 | E-Commerce |
Canada Nickel Company | $2,779,221 | Mining |
Giant Mining | $2,730,000 | Mining |
EXPION360 INC. | $2,600,000 | Energy, Mineral, Mining, Renewable Energy, Solar |
Golden Cariboo Resources | $1,950,000 | Mining |
Alset EHome International | $1,500,000 | |
Alset | $1,500,000 | Real Estate |
Manganese X Energy Corp. | $1,458,707 | Mining |
ThreeD Capital | $1,254,571 | Internet |
SMX | $1,000,000 | AI |
Cartier Resources | $1,000,000 | Mining |
Lead Investors
Jervois: $145,000,000 | Mining | Lead Investor: Millstreet Capital Management
Sanu Gold: $7,008,462 | Mining | Lead Investor: Montage Gold
Manganese X Energy Corp.: $1,458,707 | Mining | Lead Investor: Eric Sprott
Rainbow Robotics: $181,286,214 | Robotics | Lead Investor: Samsung Electronics
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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