During the period from July 16 to Aug. 14, 2026, the three largest mining financings and credit-facility transactions totalled around $1.74 billion (US$1.25 billion), the third largest capital raising period... The post Summer surprises with 3rd highest capital raising appeared first on The Northern Miner .
During the period from July 16 to Aug. 14, 2026, the three largest mining financings and credit-facility transactions totalled around $1.74 billion (US$1.25 billion), the third largest capital raising period this year.
AMG Critical Materials (Euronext Amsterdam: AMG) led the period with US$700 million in new credit facilities, worth about $959 million, followed by Altius Minerals (TSX: ALS) with $531.5 million in equity and credit facilities and Cadillac Mines (TSX: CADY) with $250 million in equity financing. The AMG and Altius figures include credit facilities rather than representing entirely new cash received by the companies.
AMG refinanced its existing debt with US$700 million in new credit facilities, extending its major debt maturities by several years. The financing gives the critical-minerals producer greater flexibility as it expands its operations and advances its recently acquired Zinnwald lithium project in Germany and its specialty-metals businesses.
AMG has also been investing in expanding lithium hydroxide production in Germany and recently opened a chrome-metal plant in New Castle, Pa., part of its strategy to increase Western production of critical materials.
Altius raised $181.5 million in equity and increased its revolving credit facility to $350 million from $225 million. The additional capital helped fund its approximately US$168-million acquisition of Northampton Capital Partners’ stake in Altius Renewable Royalties, increasing Altius’s effective ownership of Great Bay Renewables to 50% from 29%.
The deal significantly increases Altius’s exposure to royalties on renewable-power projects while leaving it with additional borrowing capacity to pursue further royalty and streaming investments.
Cadillac raised $250 million in gross proceeds, comprising $190 million from the treasury portion of its initial public offering and $60 million from Agnico Eagle Mines (TSX, NYSE: AEM).
The newly public explorer plans to use the money primarily to advance its Canadian exploration portfolio, led by the past-producing Kerr-Addison gold project in Ontario, where drilling is targeting extensions of the historic high-grade system. Funds will also support work at the Galloway gold project in Quebec and Geminid nickel discovery in Ontario, as well as general corporate purposes.
Follow the story
