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Premium Resources Secures Strategic Investor Group, Uncovering New Growth Opportunities
Taylor Pierce
February 26, 2025
By Taylor Pierce - Wednesday, Feb 26
The Recap
The best information on capital raises and financing activity in under 5 minutes:
Premium Resources Ltd. (TSX-V:PREM) increases the size of its private placement from CAD$36 million to up to CAD$44 million to advance its nickel, copper and cobalt projects in Botswana.
Quantum eMotion Corp. (TSX-V:QNC) Quantum eMotion closes brokered LIFE financing of CAD $10,000,000.
Greenlane Holdings Inc. (NASDAQ: GNLN) a leading global seller of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, has announced the closing of a $25 million private placement.
Premium Resources is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana. In addition the CAD$44,000,000 raised, the Company announced a new strategic investor group led by a lead order from Frank Giustra and the Fiore group.
The Company also announces the deleveraging of its balance sheet with the conversion of its term loan debt into equity with support from its lender and largest shareholder, EdgePoint Investment Group Inc.
This restructuring and capitalization under new leadership creates a clear path forward for maximizing the potential value of the Company's permitted Selebi and Selkirk properties, and positions the Company as a vital source of critical minerals. The Company's assets are located in Botswana, a politically stable and Tier 1 mining friendly country.
Quantum eMotion’s mission is to address the growing demand for affordable hardware and software security for connected devices. QeM has become a pioneering force in classical and quantum cybersecurity solutions thanks to its patented Quantum Random Number Generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets and critical systems.
Quantum eMotion recently closed its brokered LIFE financing for CAD$10,000,000. The Corporation intends to use the net proceeds raised from the financing to accelerate the pace of its research and development efforts, expand the R&D team, hire staff for the commercialization initiatives and for general working capital needs.
Greenlane Holdings is a leading global provider of premium cannabis accessories, child-resistant packaging, and specialty vaporization products has announced the successful closing of a $25 million private placement. This strategic financing strengthens the company’s capital structure and enhances financial flexibility, positioning it for sustained growth and long-term success.
The Company expects to use the net proceeds from the offering, together with its existing cash, for the repayment of existing indebtedness, general corporate purposes, and working capital.
Top Money Moves
Company | Money Raised ($USD) | Sector |
Goodman | $2,600,000,000 | Real Estate |
Siemens | $1,500,000,000 | Technology |
Waystar | $800,000,000 | Finance & Health Care |
Solid Biosciences | $200,000,000 | Biotechnology |
Black Sesame Technologies | $160,000,000 | Automotive & AI |
Arcus Biosciences | $150,000,000 | Biotechnology |
Diversified Energy Company | $123,300,000 | Energy |
Skeena Resources | $52,170,000 | Mining |
MedinCell | $46,332,000 | Pharmaceutical |
Premium Resources | $32,560,000 | Mining |
iMotion.ai | $28,000,000 | Automotive & AI |
Greenlane | $25,000,000 | Cannabis |
Orezone Resources | $25,900,044 | Mining |
Highlander Silver | $18,500,059 | Mining |
LogicMark | $14,400,000 | Medical Devices |
Denarius Metals | $11,105,920 | Mining |
Petros Pharmaceuticals | $9,600,000 | Pharmaceutical |
Firefly Neuroscience | $8,800,000 | Health Technology |
West Red Lake Gold Mines | $9,102,000 | Mining |
Quantum eMotion | $7,400,000 | Technology |
Silver47 Exploration | $5,920,000 | Mining |
Precision Optics | $5,100,000 | Medical Manufacturing |
Forsys Metals | $5,005,000 | Mining |
Eastside Distilling | $5,000,000 | Food & Beverage |
Plus Therapeutics | $3,700,000 | Pharmaceutical |
Boxlight | $2,800,000 | EdTech |
MAIA Biotechnology | $2,715,000 | Biotechnology |
Intelligent Bio Solutions | $2,600,000 | Medical Devices |
KWESST Micro Systems | $2,590,000 | Defense Technology |
K2 Gold | $2,220,000 | Mining |
Silver Crown Royalties | $2,220,000 | Mining |
American Tungsten | $1,850,000 | Mining |
Group Eleven Resources | $1,850,000 | Mining |
Theraclion | $1,620,000 | Medical Devices |
Zacatecas Silver | $1,500,000 | Mining |
Lead Investors
Group Eleven Resources: C$2,500,000 | Mining | Lead Investor: Michael Gentile
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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