Haywood Securities

Westgate Energy Inc. (bought deal LIFE private placement of units)

Sole underwriter and bookrunner · Oil & Gas

Westgate Energy launched a C$5 million bought deal private placement of units under the listed issuer financing exemption on September 15, 2026, upsized it on September 17, and closed it at C$6.885 million (27.54 million units at C$0.25) including a partial exercise of the underwriter option.

Generation Mining Limited (bought deal public offering of common shares)

Syndicate member (underwriter) · Mining / Copper-Palladium Development

As part of a C$340 million final funding package for its Marathon copper-palladium mine, Generation Mining sold 312.5 million shares at C$0.64 in a C$200 million bought deal public offering, alongside a C$40 million concurrent private placement to Canada Growth Fund. Endeavour Financial acted as project financing advisor.

Avanti Gold Corp.

Underwriter (syndicate member) · Mining

Avanti Gold announced a C$35 million bought deal private placement of units at C$0.50, upsized to C$45 million on August 31; it closed on September 23 at C$51.75 million (103.5 million units) including the full over-allotment option, funding drilling and a PEA at the Misisi gold project in the DRC.

Aurion Resources Ltd.

Independent financial advisor to the special committee; fairness opinion · Mining

Buyer Agnico Eagle Mines Limited

Agnico Eagle agreed to acquire the Aurion Resources shares it did not already own for C$2.60 per share in cash, about C$481 million.

Lumina Metals Corp.

Underwriter · Mining

Lumina Metals closed an upsized TSX initial public offering and secondary offering at $12.50 per share for total gross proceeds of about $406 million.

Dolly Varden Silver Corporation

Financial advisor to Dolly Varden; fairness opinion to the board · Mining (Silver/Gold)

Buyer Contango ORE, Inc.

Contango ORE and Dolly Varden agreed to merge by plan of arrangement, creating a combined company with a market capitalization of about US$812 million.

EMX Royalty Corporation

Financial advisor to the special committee; fairness opinion · Mining & Metals (Royalties)

Buyer Elemental Altus Royalties Corp.

Elemental Altus agreed to acquire EMX by plan of arrangement to form Elemental Royalty Corp., supported by a US$100 million placement from Tether.

Portfolio of royalties and a silver stream from IAMGOLD

Financial advisor to Summit · Mining - Royalties & Streams

Buyer Summit Royalty Corp. · Seller IAMGOLD Corporation

Private royalty company Summit acquired a cash-flowing portfolio of royalties and a silver stream from IAMGOLD for US$17.5 million.

Anfield Energy Inc.

Financial advisor to Anfield; fairness opinion to Anfield board · Mining (uranium)

Buyer IsoEnergy Ltd.

IsoEnergy agreed to acquire Anfield Energy in an all-share plan of arrangement, adding U.S. uranium production assets and the Shootaring Canyon mill.

Dolly Varden Silver Corporation

Co-lead underwriter · Mining (silver exploration)

Dolly Varden Silver announced a C$25 million bought deal financing of common shares at C$1.00 and flow-through shares at C$1.25, with participation by Eric Sprott.

Karora Resources Inc.

Fairness opinion to the Karora board · Mining (Gold)

Buyer Westgold Resources Limited

ASX-listed Westgold agreed to acquire Karora by plan of arrangement for Westgold shares, cash and SpinCo shares (about A$6.60 per Karora share), leaving Karora holders with roughly 49.9% of the enlarged company.

Nova Royalty Corp.

Second fairness opinion to the Nova special committee · Mining Royalties

Buyer Metalla Royalty & Streaming Ltd.

Metalla agreed to acquire Nova Royalty by plan of arrangement after an auction run by Nova, alongside a C$65 million strategic partnership with Beedie Capital.

HEXO Corp.

Formal valuation and fairness opinion to the HEXO special committee and board · Cannabis

Buyer Tilray Brands, Inc.

Tilray agreed to acquire HEXO by plan of arrangement in an all-share deal, consolidating its Canadian cannabis position; the deal closed in June 2023.

Engine Gaming & Media, Inc.

Financial advisor to Engine Gaming · Media & Gaming

Buyer GameSquare Esports Inc.

GameSquare and Engine Gaming agreed to combine by plan of arrangement, with GameSquare holders expected to own about 60% of the combined company.

Esperanza Gold Project (Mexico)

Financial advisor to Alamos · Mining (Gold)

Buyer Zacatecas Silver Corp. · Seller Alamos Gold Inc.

Alamos agreed to sell its non-core Esperanza project to Zacatecas Silver for up to US$60 million in cash, shares and contingent payments.

Goodness Growth Holdings, Inc.

Independent fairness opinion to the board · Cannabis

Buyer Verano Holdings Corp.

Verano agreed to acquire multi-state cannabis operator Goodness Growth in an all-share deal valued at about US$413 million. Verano terminated the agreement later in 2022.

Denison Mines Corp.

Co-lead underwriter and joint bookrunner · Mining (Uranium)

Denison Mines agreed a US$10 million bought deal offering of common shares at US$0.37, later increased to US$17.4 million.

Midas Gold Corp.

Syndicate agent · Mining (Gold)

Buyer Paulson & Co. Inc. (lead investor)

Midas Gold entered funding agreements for US$35 million, led by convertible notes for Paulson & Co. plus a brokered offering of up to C$13.3 million.

Denison Mines Corp. (flow-through shares)

Underwriter · Mining (Uranium)

Denison completed a C$4.7 million bought deal private placement of flow-through shares.

LATAM Holdings Inc.

Formal valuation (MI 61-101) and fairness opinion · Cannabis

Buyer Aphria Inc. · Seller Scythian Biosciences Corp.

Aphria agreed to acquire Scythian's Latin American and Caribbean cannabis assets (LATAM Holdings) in a related-party deal of about $193 million.

2% NSR royalty on Turnagain nickel-cobalt project

Financial advisor to Cobalt 27; fairness opinion to its board · Mining / Royalties

Buyer Cobalt 27 Capital Corp. (Electric Metals Streaming Corp.) · Seller Giga Metals Corporation

Giga Metals agreed to sell a 2% NSR royalty on its Turnagain project to a Cobalt 27 subsidiary for US$1 million in cash and US$9 million in Cobalt 27 shares.

Aphria investment in Copperstate Farms

Independent financial advisor; fairness opinion to the Aphria committee · Cannabis

Buyer Liberty Health Sciences Inc. · Seller Aphria Inc.

Aphria agreed to sell its investment in Arizona cannabis grower Copperstate Farms to affiliate Liberty Health Sciences.

Kennady Diamonds Inc.

Fairness opinion to the special committee · Mining

Buyer Mountain Province Diamonds Inc.

Mountain Province agreed to acquire Kennady Diamonds in an all-share plan of arrangement implying an equity value of about C$176 million.

Orion Mine Finance royalty and stream portfolio

Financial advisor to Orion · Mining (Royalties & Streams)

Buyer Osisko Gold Royalties Ltd · Seller Orion Mine Finance

Osisko Gold Royalties agreed to acquire a precious-metals royalty and stream portfolio from Orion Mine Finance for C$675 million in cash and C$450 million in Osisko shares.

Battle Mountain Gold Inc.

Financial advisor to the BMG board and special committee · Mining (Gold)

Buyer Gold Standard Ventures Corp.

Gold Standard Ventures agreed to acquire Battle Mountain Gold, holder of an option on the Lewis Gold Project in Nevada, by plan of arrangement.