📈 Canada Deal Flow News – 2025-11-01
Valuations hold steady as cross-border buyers and institutional pivots set new comps.
🇨🇦 National Deal Watch
Canada and Chile just renewed their Strategic Partnership Framework, targeting critical minerals, clean energy, and digital tech. No direct M&A yet, but founders in mining, cleantech, or digital infra should prep for a friendlier cross-border investment climate and possible incentives. Read more
Consolidated Lithium Metals is amending its financing and extending its LOI with SOQUEM. No new numbers, but a live reminder that exclusivity windows and deal timelines can shift fast in battery metals. Read more
🍁 Ontario & Québec Investments
Sprott School of Business in Ottawa is rolling out a new “shared community prosperity” plan. Budget details are thin, but leadership changes often trigger new partnerships and fundraising. Operators in education and B2B: stay alert for RFPs and collaboration windows. Read more
The Libfeld family’s 61-site, 884-acre Ontario property empire is finally up for sale after a four-year court battle. No price yet, but this will set new comps for commercial real estate in Ontario. Read more
Black-led startups landed a record $400K at DMZ’s Black Innovation Summit. Modest by VC standards, but the largest pool yet for this event—proof that targeted pitch competitions are scaling as a capital source. Read more
🌲 Western Canada Watch
$8.6B MEG Energy takeover: Shareholder vote delayed to Nov. 6, but the price tag is a clear comp for oil sands exits. Even public deals can stall—timing and certainty matter as much as headline value. Read more
BC Assessment’s plan to slash pipeline and infrastructure taxable values is rattling local governments. For operators, lower assessed values could mean cheaper carrying costs—but also force a rethink on asset-backed valuations and debt capacity. Tax treatment changes can swing deal terms fast.
Read more
Ottawa’s first G7 critical minerals investments are live and the message is clear: government-backed capital and off-take deals are coming. Mining and industrial founders, get your data rooms ready and prep for the funding wave.
Read more
Defense Metals closes a $16.2M private placement—investors are still backing critical minerals, especially with Ottawa’s policy spotlight. Clear comp for junior resource raises; policy tailwinds can boost multiples.
Read more
🌊 Surf, Turf and Arctic
Sparrow BioAcoustics raised $10M to scale its Health Canada-approved smartphone stethoscope across North America. No valuation disclosed, but this is a direct comp for regulated medtech prepping for post-approval growth. Read more
Maritime Launch secured a $10M loan from EDC for its Nova Scotia spaceport. Not equity, but a strong signal that lenders are backing capital-intensive, frontier tech—non-dilutive capital is still in play. Read more
Bait Masters in P.E.I. rolled out a new lobster holding tank with UPEI, boosting capacity and margins. No deal disclosed, but process innovation like this draws buyer interest—track automation moves in food and agri-tech. Read more
P.E.I.’s auditor general flags rising debt and unsustainable spending. Founders relying on public contracts should brace for slower procurement and tighter fundraising—stress-test cash flow now. Read more
A U of T economist is benchmarking Yukon party platforms ahead of the territorial vote—policy reviews here can foreshadow sector winners and losers post-election. Read more
🌐 Cross-Border Connections
Fresnillo’s $556M buyout of Probe Gold marks a bold Canadian debut, locking up 10M ounces of Quebec reserves. This sets a new price floor for gold assets—international buyers are still paying up for scale. Read more
South Star Battery Metals closed another private placement—no valuation disclosed, but capital is still flowing into battery metals. Watch for future rounds to set sector benchmarks. Read more
ThreeD Capital ups its stake in infinitii ai inc. via convertible debenture. Terms are undisclosed, but convertibles remain the tool of choice for growth-stage capital—know how they’ll hit your cap table. Read more
That’s it for today, have a great weekend everybody!
.