Total metals & mining industry M&A deals worth $227.27m were announced in North America in February 2021, led by American Lithium’s $125.38m acquisition of Plateau Energy Metals, according to GlobalData’s deals database.

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The value marked a decrease of 61.9% over the previous month of $596.66m and a drop of 84.3% when compared with the last 12-month average of $1.45bn.

North America held a 30.58% share of the global metals & mining industry M&A deal value that totalled $743.23m in February 2021. With a 23.70% share and deals worth $176.12m, Canada was the top country in North America’s M&A deal value across metals & mining industry.

In terms of M&A deal activity, North America recorded 57 deals during February 2021, marking an increase of 18.75% over the previous month and a drop of 24.00% over the 12-month average. Canada recorded 44 deals during the month.

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North America metals & mining industry M&A deals in February 2021: Top deals

The top five metals & mining industry M&A deals accounted for 85.2% of the overall value during February 2021.

The combined value of the top five metals & mining deals stood at $193.73m, against the overall value of $227.27m recorded for the month.

The top five metals & mining industry M&A deals of February 2021 tracked by GlobalData were:

1) American Lithium’s $125.38m acquisition of Plateau Energy Metals

2) The $23.2m asset transaction with S.A. de and Minera Cedros by S.A. de and Carrizal Mining

3) Sims’ $22.5m asset transaction with Alumisource

4) The $12.64m acquisition of 2333382 Ontario by Avalon Advanced Materials

5) P2 Gold’s asset transaction with Borealis Mining for $10m.