What is SilverCrest Metals?
SilverCrest Metals Inc., founded in 2015 and headquartered in Vancouver, British Columbia, Canada, is a precious metals exploration company. The company is focused on identifying and advancing promising mineral assets. Its strategic positioning within the exploration industry is bolstered by consistent capital infusions, enabling it to pursue its development objectives and expand its project portfolio. The recent enterprise-level funding suggests a move towards scaling operations or advancing key projects to later stages of development.
How much funding has SilverCrest Metals raised?
SilverCrest Metals has raised a total of $330.2M across 7 funding rounds:
Private Equity
$802K
Share Placement
$10M
Share Placement
$749K
Stock Offering
$6M
Share Placement
$54.6M
Stock Offering
$138M
Debt
$120M
Private Equity (2015): $802K, investors not publicly disclosed
Share Placement (2017): $10M, investors not publicly disclosed
Share Placement (2018): $749K, investors not publicly disclosed
Stock Issuance/Offering (2019): $6M featuring Scotiabank, National Bank Financial Inc., and Desjardins Capital Markets
Share Placement (2020): $54.6M backed by National Bank Financial Inc., Capital , Inc., and Scotia Capital Inc
Stock Issuance/Offering (2021): $138M with participation from Scotiabank, Raymond James, and RBC
Debt (2022): $120M led by BMO Bank of Montreal and The Bank of Nova Scotia
Key Investors in SilverCrest Metals
BMO Bank of Montreal
BMO Bank of Montreal provides diversified financial services primarily across North America. The company operates through its Canadian P&C, U.S. P&C, BMO Wealth Management, and BMO Capital Markets segments. Its personal banking products and services include deposits, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services. Its commercial banking offerings include a variety of financing options, treasury and payment solutions, and risk management products. The company also provides investment, banking, and wealth management advisory services, digital investing solutions, and financial services for individuals, families, and businesses. In addition, it offers investment management services to institutional, retail, and high-net-worth investors, as well as diversified insurance and wealth and pension de-risking solutions.
The Bank of Nova Scotia
The Vikrant Group, part of Scotia Wealth Management, offers personalized wealth management services aimed at helping clients achieve their life goals and dreams. With over 25 years of experience, the firm operates as a lifestyle boutique, providing tailored advice and strategies to maximize clients' potential. Their approach integrates a wide spectrum of expertise through collaborative specialists, focusing on goal-based wealth and life planning. The intended clients include individuals looking to travel, start businesses, or pursue significant life changes, with a commitment to guiding them through the investment process.
Scotiabank
Scotiabank (Bank of Nova Scotia), based in Toronto, ON, is a Canadian multinational banking and financial services institution that helps clients, their families, and communities succeed through a comprehensive range of financial advice, products, and services-including personal and commercial banking, wealth management, corporate and investment banking, and capital markets-operating globally.
What's next for SilverCrest Metals?
The substantial enterprise-level funding and recent strategic investment indicate that SilverCrest Metals is poised for significant operational expansion and project advancement. This capital infusion will likely be directed towards accelerating exploration programs, potentially acquiring new assets, and progressing existing projects through feasibility studies and towards production. The company's trajectory suggests a focus on unlocking the full potential of its mineral assets, with an emphasis on strategic growth and value creation within the competitive precious metals market.
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