Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

PDAC President: Critical Metals, Raising Capital Take Center Stage at Convention

by March 9, 2024
March 9, 2024
PDAC President: Critical Metals, Raising Capital Take Center Stage at Convention

Speaking at this year’s Prospectors & Developers Association of Canada (PDAC) convention, President Raymond Goldie shared his thoughts on the event as well as trends he’s seeing in the Canadian mining industry.

While critical minerals were a key topic at this year’s conference, Goldie said funding was also top of mind.

‘We have to also bear in mind that a lot of our members — especially junior resource companies — are finding a great deal of difficulty in raising capital,’ he said. ‘That’s probably the number two topic (at PDAC) — how do we raise money?’

At the moment, royalty companies and family offices are starting to step in where equity markets were before.

When asked about his background in the mining industry and with PDAC, Goldie said his biggest accomplishment with the organization came 35 years ago, when he helped bring the event to the Metro Toronto Convention Center.

‘Thirty-five years ago the mining industry was not in very good shape. The premier company was Noranda, and the CEO of Noranda used to say, ‘Well, these days I’m sleeping like a baby — every two hours I wake up and cry,” he said.

With PDAC’s membership numbers declining, Goldie and others brainstormed what to do.

‘Someone had the bright idea that across the street from the Royal York, which is where we had always held our convention since 1932 — across the street there was this building being created called the Metro Toronto Convention Center,’ Goldie explained. While the convention center was initially considered too big for PDAC, ultimately the organization made the decision to go international and it expanded to fit the new space.

‘What I see here today at the convention is the realization of a 35 year old dream,’ Goldie said.

Looking forward to PDAC’s future, he noted that under its strategic plan the organization has three purposes: giving its members access to capital, access to land and access to skills.

‘The future of the PDAC I see as very much addressing those three key areas,’ he said. ‘Both access to land and skilled people (involve) forming stronger relationships with Indigenous people. They live there. They’re our natural allies, so we want to work with them in realizing the blessings that we have in that part of the world.’

Watch the interview for more from Goldie on the resource sector. You can also click here for our PDAC playlist.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
As a fifth term for Vladimir Putin looms, Russia is stepping up its war on its own people
next post
Shredded cheese recall over listeria concerns in 15 states affects food-maker Sargento

Related Posts

Apple Debuts AI-Powered iPads

May 11, 2024

Is Now a Good Time to Invest in...

February 20, 2024

Element 79 Gold – Advancements in Field Work...

November 15, 2023

5 Top Weekly TSX Stocks: Mawson Gold Rises...

September 11, 2023

PAN GLOBAL ONGOING DRILLING EXTENDS STRIKE OF LA...

September 20, 2023

Cannabis Weekly Round-Up: Cresco Labs/Columbia Care Deal Falls...

August 8, 2023

5 Biggest Pharmaceutical ETFs in 2024

May 30, 2024

Crypto Market Recap: TradFi Deepens Crypto Collaboration, BlackRock...

March 16, 2025

Canadian North Resources

October 24, 2023

VVC Resources

November 23, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 6

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved