Canada’s metals & mining industry saw a drop of 34.15% in overall deal activity during October 2022, when compared with the last 12-month average, led by Uranium Energy’s $108.66m asset transaction with Rio Tinto, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

A total of 27 deals worth $138.6m were announced in October 2022, compared with the 12-month average of 41 deals.

M&A was the leading category in the month in terms of volume with 27 deals, which accounted for 100% of all deals.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $138.59m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Canada metals & mining industry deals in October 2022: Top deals

The top five metals & mining industry deals accounted for 99% of the overall value during October 2022.

The combined value of the top five metals & mining deals stood at $137.2m, against the overall value of $138.6m recorded for the month.

The top five metals & mining industry deals of October 2022 tracked by GlobalData were:

1) Uranium Energy’s $108.66m asset transaction deal with Rio Tinto

2) The $21.88m asset transaction of Earthlabs by 1377900 BC

3) Cartier Iron’s $4.5m asset transaction deal for Chorrillos Project

4) The $1.24m asset transaction of Newfoundland Discovery by Mining Equities

5) Pacton Gold’s $0.91m asset transaction deal with Chesterfield (Canada) and Chesterfield Resources