(Kitco News) – Last year’s tough resource market wasn’t as bad as expected, Soar Financial CEO Kai Hoffman said.
In mid-January, Hoffman recorded the Kitco Roundtable at the 2024 Vancouver Resource Investment Conference with Kitco correspondent Paul Harris and mining audience manager Michael McCrae.
Mr. Hoffman also runs Oleink, which tracks resource financing. He pointed out that last year’s total loan amount was higher than in 2022.
The differentiating factor is the type of project being funded. While many juniors are struggling to raise money, Hoffman said good projects are attracting investment. He said all of the recent financings include Solaris Resources receiving a $130 million investment from Zijin Mining, FPX Nickel securing $45 million in funding and Samsung putting $18 million into Canadian Nickel. He pointed out that it took place in January.
“If you have value, you can get money,” Hoffman said.
Kitco Roundtable is sponsored by Snowline Gold.
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