North America’s metals & mining industry saw a drop of 8.33% in deal activity during June 2021, when compared with the last 12-month average, led by Locrian Holdings’ $624.14m acquisition of Chackmore Unit Trust, according to GlobalData’s deals database.
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A total of 22 metals & mining industry deals worth $877.7m were announced for the region in June 2021, against the 12-month average of 24 deals.
Of all the deal types, M&A saw most activity in June 2021 with 18 transactions, representing an 81.8% share for the region.
In second place was venture financing with three deals, followed by private equity deals with one transactions, respectively capturing a 13.6% and 4.6% 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 $796.62m, while venture financing and private equity deals totalled $78.24m and $2.81m, respectively.
North America metals & mining industry deals in June 2021: Top deals
The top five metals & mining deals accounted for 94.6% of the overall value during June 2021.
The combined value of the top five metals & mining deals stood at $830.05m, against the overall value of $877.7m recorded for the month.
The top five metals & mining industry deals of June 2021 tracked by GlobalData were:
1) Locrian Holdings’ $624.14m acquisition of Chackmore Unit Trust
2) The $75.98m acquisition deal with North American Lithium by Sayona Mining and Sayona Quebec
3) Gold Royalty’s $67.37m acquisition of Ely Gold Royalties
4) The $50m venture financing of Jetti Resources by BHP Ventures, Freeport-McMoRan, Mitsubishi, Orion Resource Partners (USA) and T Rowe Price Associates
5) Aya Gold & Silver’s acquisition of Algold Resources for $12.56m.
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.