Canada’s metals & mining industry saw a drop of 8.3% in overall deal activity during April 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 33 deals worth $19.88m were announced in April 2020, compared to the 12-month average of 36 deals.

M&A was the leading category in the month in terms of volume with 29 deals which accounted for 87.9% of all deals.

In second place was venture financing with three deals, followed by private equity with one transactions, respectively accounting for 9.1% and 3.03% of overall deal activity in the country’s metals & mining industry during the month.

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In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $13.95m, while private equity and venture financing deals totalled $5.7m and $0.23m, respectively.

Canada metals & mining industry deals in April 2020: Top deals

The top five metals & mining industry deals accounted for 91.8% of the overall value during April 2020.

The combined value of the top five metals & mining deals stood at $18.25m, against the overall value of $19.88m recorded for the month.

The top five metals & mining industry deals of April 2020 tracked by GlobalData were:

1) Alumina Partners’ $5.7m private equity deal with IMC International Mining

2) The $5.1m asset transaction with Focus Graphite by Investissement Quebec

3) Ucore Rare Metals’ $4.11m acquisition of Innovation Metals

4) The $2.3m acquisition of 1237025 BC by Summa Silver

5) Omni Commerce’s asset transaction with CBLT for $1.03m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.