Orlee Wertheim, Capital Markets Counsel at McCarthy Tétrault, emphasizes how mining is a foundational aspect to all of the gadgets we use in our day-to-day lives, including cars, cellphones, iPads, and more.
The insatiable demand for all of our tools has driven foreign miners to Toronto, especially from South America. TMX Group has seen many new international listings in the last few years, so it is evident that entrepreneurs are drawn to Canada’s successful capital markets ecosystem.
Wertheim discusses how many global mining companies are choosing Canada as their listing destination due to the unique two-tiered ecosystem that is unlike any exchange in the world. This system allows for companies to go public at an early stage and to be regulated in a way that suits early stage mining companies, and subsequently help them grow.
Companies can start by listing on the Venture Exchange and raise capital in a well-regulated environment, and when they are ready, they can graduate to Toronto Stock Exchange.
Lastly, the fundraising environment in Canada has been strong — companies that have strong projects and management teams can raise money without any major hurdles.
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