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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.

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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