Paradigm Capital

ONGold Resources Ltd.

Lead agent and sole bookrunner (on behalf of a syndicate of agents) · Mining

ONGold announced a best-efforts brokered LIFE private placement of Ontario and Manitoba flow-through units and hard-dollar units for up to $5,346,000, then upsized it to up to $9,255,650.

Plurilock Security Inc.

Financial advisor to the special committee; fairness opinion · Technology / Cybersecurity

Buyer Quantum eMotion Corp.

Quantum eMotion agreed to acquire Plurilock Security by plan of arrangement for C$0.084 in cash plus 0.0763 of a QeM share per share (about C$0.28), valuing Plurilock at roughly C$33.8 million.

Kharrouba Copper Company

Financial advisor to KCC · Mining

Buyer Culico Metals Inc.

Culico Metals and Kharrouba Copper agreed to merge to create a Moroccan copper explorer, with a concurrent strategic private placement.

Cascadero Minerals

Financial advisor (client listed as Cascadero Minerals) · Mining

Buyer First Quantum Minerals

Acquisition of Cascadero Minerals by First Quantum Minerals (~$26M), listed September 2026 (month only).

Sweetwater Royalties (92% interest)

Financial advisor to the special committee; fairness opinion · Mining Royalties

Buyer Uranium Royalty Corp. · Seller Orion Resource Partners and Ontario Teachers' Pension Plan

Uranium Royalty agreed to combine with Sweetwater Royalties, acquiring a 92% interest from Orion and Ontario Teachers' at an implied 100% enterprise value of about US$1.9 billion, paid in cash and new URC shares.

Sweetwater Royalties Corp.

Fixed-fee fairness opinion (client listed as Uranium Royalties Corp.) · Mining royalties

Buyer Uranium Royalties Corp.

Fixed-fee fairness opinion on Uranium Royalties' ~$1.9B acquisition of Sweetwater Royalties, April 2026 (month only).

Northisle Copper and Gold Inc.

Lead · Mining

$115M equity financing for Northisle Copper and Gold, March 2026 (month only).

Freegold Ventures Ltd.

Lead · Mining

$50M equity financing for Freegold Ventures, January 2026 (month only).

Kaelus AB

Exclusive financial advisor to Baylin; agent on $10 million subscription receipt offering · Telecommunications Equipment

Buyer Baylin Technologies Inc.

Baylin agreed to acquire Swedish antenna and RF company Kaelus for about SEK 285 million (about $42 million) in cash and shares, with a $10 million subscription receipt financing.

Maritime Resources Corp.

Special advisor (client listed as Maritime Resources) · Gold mining

Buyer New Found Gold Corp.

Acquisition of Maritime Resources by New Found Gold (~$292M), September 2025 (month only).

Ackroo Inc.

Financial advisor to Ackroo; fairness opinion to the board · Fintech / payments software

Buyer Paystone

Paystone agreed to acquire gift card, loyalty and payments software provider Ackroo in an all-cash deal valued at about C$21 million enterprise value.

Arizona Sonoran Copper Company Inc.

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

Arizona Sonoran announced a bought deal public offering of about 17.2 million common shares at C$1.45 for gross proceeds of about C$25 million.

RIV Capital Inc.

Independent fairness opinion to the Cansortium board · Cannabis

Buyer Cansortium Inc.

Cansortium agreed to acquire RIV Capital, operator of the Etain brand in New York, in an all-share plan of arrangement at 1.245 Cansortium shares per RIV share, leaving Cansortium holders with about 51.25% of the combined company.

NewRange Copper Nickel LLC (NorthMet and Mesaba)

Independent financial advisor; fairness opinion to the board · Mining (Copper-Nickel)

Buyer PolyMet Mining Corp. and Teck Resources Limited

PolyMet and Teck agreed to form a 50:50 joint venture combining the NorthMet and Mesaba copper-nickel projects in Minnesota.

Gold Standard Ventures Corp.

Financial advisor and fairness opinion to the special committee · Mining (Gold)

Buyer Orla Mining Ltd.

Orla agreed to acquire Gold Standard Ventures, owner of the South Railroad project in Nevada, by plan of arrangement.

Alcanna Inc.

Fairness opinion to the Alcanna board · Retail (Liquor & Cannabis)

Buyer Sundial Growers Inc.

Sundial agreed to acquire Alberta liquor retailer Alcanna by plan of arrangement for total consideration of about $346 million.

Liquor Stores N.A. Ltd.

Financial advisor to the independent committee; fairness opinion · Retail / Cannabis

Buyer Aurora Cannabis Inc.

Aurora agreed to a two-phase private placement in Liquor Stores N.A., starting with a $103.5 million investment for about 19.9%, to build a cannabis retail network.

Curis Resources Ltd.

Fairness opinion to the Curis special committee and board · Mining (Copper)

Buyer Taseko Mines Limited

Taseko agreed to acquire the Curis Resources shares it did not already own by plan of arrangement; Curis' special committee relied on a fairness opinion from Paradigm Capital.

Sandstorm Metals & Energy Ltd.

Financial advisor to the independent special committee · Mining (Royalties & Streams)

Buyer Sandstorm Gold Ltd.

Sandstorm Gold agreed to acquire its affiliate Sandstorm Metals & Energy by plan of arrangement for about C$49 million in shares.

Invicta Energy Corp.

Strategic advisor to Invicta · Oil & Gas

Buyer Whitecap Resources Inc.

Whitecap agreed to acquire Viking light oil producer Invicta Energy by plan of arrangement for shares and limited cash, assuming about $17.4 million of net debt.

MOSAID Technologies Incorporated

Special financial advisor to WiLAN · Technology

Buyer Wi-LAN Inc.

WiLAN announced an unsolicited all-cash offer of C$38.00 per share for MOSAID, about C$480 million, partly financed by a C$200 million bought-deal debenture offering.

Metallica Resources Inc. and Peak Gold Ltd.

Financial advisor to Peak Gold · Metals & Mining

Buyer New Gold Inc.

Metallica, New Gold and Peak Gold announced a US$1.6 billion three-way combination to create an intermediate gold producer.

724 Solutions Inc.

Independent valuator to the special committee · Technology

Buyer Austin Ventures

724 Solutions agreed to be acquired by Austin Ventures' 724 Holdings for US$3.34 per share by plan of arrangement.