De Grey Mining

Canaccord Genuity has raised $300m for De Grey Mining (ASX:DEG)

De Grey is a West Australian gold developer focused on the flagship Hemi Gold Project in the Pilbara. Hemi has a mineral resource estimate of 9.5Moz and is one of the world’s largest undeveloped gold projects.

CG acted as Global Coordinator, Joint Underwriter and Joint Bookrunner on this transaction.

Proceeds will be used for continued exploration & resource growth, funding long lead items and early works. DEG now has significant balance sheet strength and flexibility as it progresses through the formal project financing process. This landmark transaction follows previous CG-led capital raises for De Grey including A$130 million in 2022, A$125 million in 2021, and A$100 million in 2020.