Kai Hoffman, CEO of Soar Financial, at the Vancouver Resource Investment Conference in January. Credit: The Northern Miner
Despite the gloomy sentiment in the junior mining sector, Kai Hoffman, CEO of Soar Financial says last year was actually pretty good in terms of total funds raised.
However, Hoffman, who focuses on companies with a market cap of under $1.5 billion that raise less than $100 million, says there’s been a “bifurcation” in the market. He confirmed that cash raised last year went to developers and late-stage explorers, with earlier exploration stage companies having a tougher time raising funds.
