This chart sums up the year we've had. The TSXV is up over 38% to date, flying past every other major exchange in the world.
As of June 2016, 30% more capital had been raised on the Venture compared to June 2015, with 200 fewer issuers and $3.1 billion more in market cap.
The surge has been led by mining companies. Our investments are no exception. Neo Lithium (TSX.V: NLC) came to trade last week trading over 5 million shares, closing at CDN$1.80 with a CDN$115 million market cap. This reflects the quality of the company, the strength of the market and investor interest in the right deals. A $3-5 share price isn't unreasonable to expect considering Neo is fully financed and has an exciting new high-grade discovery on its hands.
Another Argentinian lithium explorer we have been working with is Millennial Lithium (TSX.V: ML). The recent financing was significantly oversubscribed. It has a great structure, strong backers and recently announced the acquisition of a Lithium project in the Salta Province, which hosts some of the world's largest lithium resources. Halted at CDN$0.80 pending a deal and financing, we think ML is a name to watch.
On the tech front, we recently made a major investment into a company called StartMonday, which will be a core focus of ours going forward. Stay tuned.
In non market news, we were recently featured in an article that appeared in Betakit, discussing the recovery of the mining sector and the impact this will have on Canada's tech economy – check it out here: http://betakit.com/despite-canadas-growth-funding-gap-tech-will-flourish/.
Justus Parmar
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