Stifel Canada

David MorrisonHire

Managing Director, Co-Head of Equities (now Head of Equities)

Eight Capital → Stifel Canada

Announced as joining Stifel to co-lead Canadian equities as part of the Eight Capital team lift; now listed as Head of Equities.

Eight Capital team (Kevin Costa, Stephen Delaney, Winston Miles, Reid Obradovich and others)Team build

Head of Institutional Trading (Costa); MDs in Investment Banking (Delaney, Obradovich) and Institutional Sales (Miles)

Eight Capital → Stifel Canada

Stifel hired 13 former Eight Capital professionals in Toronto, aimed at equity sales and trading and mining investment banking.

Silver Tiger Metals Inc. (bought deal offering of units)

Lead underwriter, on behalf of a syndicate of underwriters · Mining / Silver-Gold Development

Silver Tiger Metals agreed a C$87 million bought deal of 87 million units at C$1.00 (about C$100 million with the over-allotment option) to fund development of its El Tigre silver-gold project in Sonora, Mexico, alongside an updated capital cost estimate.

E3 Lithium Ltd. (best efforts public offering of units)

Syndicate member (agent) · Mining / Lithium

E3 Lithium launched a C$8.5 million best efforts public offering of units at C$0.90 off its shelf, upsized it to C$10 million the next day, and closed at about C$11.5 million including the over-allotment option, to advance its Clearwater lithium project in Alberta.

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.

Sailfish Royalty Corp. (approx. 49% interest, via gold stream sale)

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

Buyer Mako Mining Corp.

Mako Mining signed a non-binding letter of intent with non-arm's length Sailfish Royalty to sell a 20-year corporate gold stream in exchange for 70 million Sailfish shares at $5.76 each, which would give Mako roughly 49% of Sailfish.

Delta and Helm Bay projects (Alaska)

Financial advisor to Agnico Eagle · Mining

Buyer Vizsla Copper Corp. · Seller Agnico Eagle Mines Limited

Agnico Eagle agreed to sell its Delta and Helm Bay projects to Vizsla Copper for consideration and milestone payments, and to invest in Vizsla Copper.

Aztec Minerals Corp. (bought deal private placement of units)

Sole underwriter and bookrunner · Mining / Gold-Silver Exploration

Aztec Minerals agreed a bought deal private placement of units at C$0.32 for C$5.0 million, upsized the next day to about C$5.57 million, to fund exploration at its Tombstone (Arizona) and Cervantes (Mexico) projects.

Cadillac Mines Corp. (name per tombstone graphic)

Joint Bookrunner · Metals & Mining

C$440M initial public offering in August 2026 on which Stifel Canada was a joint bookrunner.

Aurion (name per tombstone graphic)

Advisor to Seller · Metals & Mining

Buyer Agnico Eagle (per tombstone graphic)

C$481M mining M&A transaction in June 2026 on which Stifel Canada advised the selling side.

Aurion Resources Ltd.

Financial advisor to Aurion; fairness opinion to the board · 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.

Foran

Financial advisor to the special committee of Foran · Metals & Mining

Buyer Eldorado Gold

Stifel Canada lists a C$3.84B M&A transaction in April 2026 on which it advised the special committee of Foran; the counterparty is shown only on the tombstone graphic (Eldorado Gold).

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.

Foran Mining Corporation

Financial advisor to the Foran special committee; independent fairness opinion · Mining

Buyer Eldorado Gold Corporation

Eldorado Gold agreed to combine with Foran Mining in a share transaction implying an equity value for Foran of about C$3.8 billion.

Bear Creek

Financial advisor to the special committee of Bear Creek · Metals & Mining

Buyer Highland Silver (per tombstone graphic)

C$145M M&A transaction in February 2026 on which Stifel Canada advised Bear Creek's special committee.

Western Copper and Gold (per tombstone graphic)

Sole Bookrunner · Metals & Mining

C$92M bought public offering in February 2026 led by Stifel Canada as sole bookrunner.

Imaflex Inc.

Financial advisor to Imaflex; fairness opinion · Packaging

Buyer Soteria Flexibles Corp.

U.S. flexible packaging maker Soteria agreed to acquire Imaflex for C$2.35 per share in cash, about C$123.0 million of equity value.

Canfor Pulp Products Inc.

Independent financial advisor and independent valuator to the special committee; fairness opinion · Forest Products

Buyer Canfor Corporation

Canfor agreed to acquire the Canfor Pulp shares it does not already own; Stifel's formal valuation put fair market value at $0.08 to $0.52 per share.

Premium Brands Holdings Corporation

Underwriter (subscription receipts syndicate) · Food Products

Premium Brands completed $600 million of public subscription receipt and convertible debenture offerings plus a concurrent private placement; the original launch date is not given in the cited release.

Loncor Gold Inc.

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

Buyer Chengtun Mining Group Co., Ltd.

Chengtun Mining agreed to acquire Loncor Gold by plan of arrangement for a total equity value of about C$261 million on a fully diluted basis.

Allied Gold Corporation

Joint bookrunner · Mining (Gold)

Overnight marketed offering of common shares for C$175 million, closed October 24, 2025.

IsoEnergy Ltd.

Co-lead underwriter, bought deal · Mining - Uranium

IsoEnergy agreed to a C$50 million bought-deal offering of common shares at C$10.00.

Generation Mining Ltd.

Lead underwriter and sole bookrunner · Mining - Palladium/Copper

Generation Mining agreed to a $10 million bought-deal private placement of units at C$0.37.

Silver Tiger Metals Inc.

Co-lead underwriter and joint bookrunner · Mining - Silver

Silver Tiger agreed to a bought-deal financing of about C$15 million (C$17.25 million with the over-allotment option).

50% of Allied Gold's interest in Allied Gold ML Corp. (Sadiola mine holding company)

Financial advisor to Allied · Mining - Gold

Buyer Ambrosia Investment Holding · Seller Allied Gold Corporation

Allied Gold formed a strategic partnership with UAE-based Ambrosia, selling half of its interest in the Sadiola mine holding company and issuing a C$156.6 million private placement, for estimated aggregate proceeds of over US$500 million.

Musselwhite Gold Mine

Financial advisor to Orla · Mining (gold)

Buyer Orla Mining Ltd. · Seller Newmont Corporation

Orla Mining agreed to buy the Musselwhite gold mine in Ontario from Newmont for US$810 million upfront plus US$40 million gold-price-linked contingent consideration, funded with debt, a gold prepay and convertible notes.

Doman Building Materials Group Ltd.

Lead bookrunner · Building materials distribution

Doman priced C$265 million of 7.50% senior unsecured notes due 2029 through an underwritten offering.