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  1. Deals Analysis
March 23, 2021updated 24 Mar 2021 12:03pm

Metals & Mining industry M&A deals total $227.27m in North America in February 2021

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.

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.

Related Companies

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.

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