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  1. Deals Analysis
March 29, 2021

North America’s metals & mining industry saw a drop of 25.00% in deal activity during February 2021

North America’s metals & mining industry saw a drop of 25.00% in deal activity during February 2021, when compared with the last 12-month average, led by American Lithium’s $125.38m acquisition of Plateau Energy Metals, according to GlobalData’s deals database.

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A total of 60 metals & mining industry deals worth $232.57m were announced for the region in February 2021, against the 12-month average of 80 deals.

Of all the deal types, M&A saw most activity in February 2021 with 57 transactions, representing a 95% share for the region.

In second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing a 3.3% and 1.7% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $227.27m, while private equity and venture financing deals totalled $5.28m and $0.02m, respectively.

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

The top five metals & mining deals accounted for 83.3% 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 $232.57m recorded for the month.

The top five metals & mining industry 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 deal 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.

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