It was a great first quarter for battery material financings

Lithium, copper and nickel companies raised big money during the first quarter in 2018.

Investors poured US$325M into lithium companies. Most of the money went to Orocobre. Toyota bought 15% of the Australian-based lithium company.

As usual gold was on top. Half the US$832M closed went to Lundin Gold to advance its Fruta del Norte gold project in Ecuador.

Cobalt was way down the list at just $23M, however the blue metal had a big 2017 powered by high-flier Cobalt 27.

Data is from Mining Intelligence looking at closed financings over US$10 million. Stock exchanges used are TSX, TSX-V, ASX, LSE, LSE-AIM, NYSE and JSE. Only completed placement offerings were compiled.

The top closed financings by company were the following:

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Creative Commons image of calculator provided by Mike Lawrence