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.

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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.